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Major NSW property developer enters administration

World 1 source 1 country 🔦 Under-reported 27m ago

Major New South Wales property developer Bathla Group has entered administration, impacting the state's residential construction sector. The company's collapse follows mounting financial pressures within the industry.

According to the group, a combination of recent tax changes, softening property sales, and escalating construction costs directly contributed to its financial plight and subsequent entry into administration.

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Read the full story at the source ABC News (AU) · AU
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