Explore the latest developments concerning Bathla begins major.
Receivers put Bathla sites up for grabs as sell-off begins
Receivers for the collapsed Bathla have listed two of its projects in Sydney’s north-west for sale with another four sites expected to hit the market by the end of the year, as the failed builder and developer’s former empire is broken up and sold off to pay its debts.
The real estate giant collapsed in August with $3.4 billion owed at the time to home buyers, subcontractors and private credit firms such as Ray White Capital and Centuria Bass, and a pipeline of 14,000 homes left in limbo.
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Residents bought into communities but may end up living in 'wastelands'
Rinnah Roque (left) and her mother's home is across the road from an unfinished Bathla housing development. (ABC News: Tony Ibrahim)
Rinnah Roque worries the view beyond her landscaped front garden will remain a construction site.
The 60-year-old committed to a growing community in Sydney's north-west when she bought a three-storey townhouse off the plan in Box Hill.
Across the road, a hive of builders were working on 47 homes as part of a project from the developer Bathla.
"I worked so hard to be able to buy a property for my mum and myself," she said.
Construction work on Hynds Road stopped after Bathla entered administration. (ABC News: Tony Ibrahim)
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