Senior reporter Jonathan Shapiro and associate editor Primrose Riordan on how Bathla built its property empire, why it all fell apart and why its effects will be felt well beyond western Sydney.

This podcast is sponsored by Elston.

Further reading:
Living in ‘half a house’: How Bathla turned cheap housing into a nightmare
The downfall of the developer has left families stranded in half-built homes and sent shockwaves through the private credit market.
This developer could be private credit's ticking time bomb
Bathla Group, a property developer has almost $3.2 billion in debt, it will be private credit investors who could lose out.
Bathla’s collapse has property insiders panicking like it’s 2007
Australia’s ever-rising property market has masked all manner of sins, particularly in private credit, which has been shown up for its lack of discipline.

Senior reporter Jonathan Shapiro and associate editor Primrose Riordan on how Bathla built its property empire, why it all fell apart and why its effects will be felt well beyond western Sydney.
This podcast is sponsored by <a href="https://www.elston.com.au/?gad_source=1&amp;gad_campaignid=19236343106&amp;gbraid=0AAAAADmBLJWPnwDE0sTFfKnDulKIuI-HZ&amp;gclid=Cj0KCQjwkt_UBhDMARIsALpnOAwakZIltK4DHLGxRwsVeWhLAHCKGzlSCEOaIWtPRQbPfsYeUJeNWE8aAh-EEALw_wcB">Elston</a>.
Further reading: <a href="https://www.afr.com/property/residential/living-in-half-a-house-how-bathla-turned-cheap-housing-into-a-nightmare-20260904-p60ugp?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">Living in &lsquo;half a house&rsquo;: How Bathla turned cheap housing into a nightmare</a> The downfall of the developer has left families stranded in half-built homes and sent shockwaves through the private credit market. <a href="https://www.afr.com/property/residential/this-sydney-developer-could-be-private-credit-s-ticking-time-bomb-20260714-p60f7d?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">This developer could be private credit's ticking time bomb</a> Bathla Group, a property developer has almost $3.2 billion in debt, it will be private credit investors who could lose out. <a href="https://www.afr.com/companies/financial-services/bathla-s-collapse-has-property-insiders-panicking-like-its-2007-20260902-p60tvo?utm_source=omny&amp;utm_medium=podcast_notes&amp;utm_campaign=the_fin&amp;utm_content=&amp;utm_term=newsroom">Bathla&rsquo;s collapse has property insiders panicking like it&rsquo;s 2007</a> Australia&rsquo;s ever-rising property market has masked all manner of sins, particularly in private credit, which has been shown up for its lack of discipline.

A weekly podcast from The Australian Financial Review that examines the biggest stories in business, markets and politics, and why they matter, explained by the best financial journalists in the country.

Search The Fin and follow us wherever you get your podcasts.

A weekly podcast from The Australian Financial Review that examines the biggest stories in business, markets and politics, and why they matter, explained by the best financial journalists in the country.
Search The Fin and follow us wherever you get your podcasts.

A weekly podcast that examines the biggest stories in business, markets and politics, and why they matter.