The collapse of Sydney developer Bathla with $3.4 billion in debts has left multiple Wollongong housing projects unfinished, including The Sanctuary and Avoca Park developments, where buyers face defects, financial strain, and emotional distress despite some renewed hope for Kembla Grange buyers after Balmain appointed receivers to complete the project.
AI-generated summary
Bathla, a Sydney developer, went into administration in August 2024 with debts totalling about $3.4 billion, leaving 45 active projects unfinished, including housing developments in Wollongong.
When 72-year-old Sue Mancuso put down a deposit for an apartment at The Sanctuary development in Wollongong in 2025, she was excited by the prospect of moving in before Christmas.
She did not expect to be living with her daughter, Marie Sinclair, 12 months after the Kembla Grange units were slated for completion.
"Luckily my daughter has helped us, otherwise we would have been homeless," Ms Mancuso said.
The 108-apartment complex was one of 45 active projects left unfinished when Sydney developer Bathla went into administration in August with debts totalling about $3.4 billion.
Ms Sinclair said the situation had taken a major emotional and financial toll on her mother, who sold her family home and has had her furniture in storage for more than a year.
"It turns people's lives upside down and leaves them nowhere to go, really," Ms Sinclair said.
The development's lender, Balmain, said it was "98 per cent complete", but in a fresh blow this month, the Building Commissioner slapped the project with a prohibition order for serious defects.
Janice Cahill has been renting and paying storage fees since 2024, waiting for her apartment in the complex to be finished.
She had hoped the move would be a fresh start for her after losing her husband and father in the space of a year, and provide an accessible space to recover from the double knee surgery she had this month.
Instead, she will learn to walk again in her one-bedroom studio rental, with a 15-stair walk-up.
"Living in one room, not being able to go outside, it's depressing," Ms Cahill said.
Defect-riddled builds
Just a 10-minute drive south, Murray Twist and his partner put their life savings into one of 92 new townhouses at a Bathla development in Avondale.
It was their first home.
He moved into the Avoca Park estate in July, months later than expected, and found a building riddled with defects.
"There were a lot of sleepless nights, and a lot of hope lost," Mr Twist said.
A building report listed around 100 defects, including a missing smoke detector, cracks in pavement, and missing grout in the shower.
"[The report] found poor quality of work and unsuitable for completion — there were pages and pages of defects," Mr Twist said.
Throughout the estate, several homes sit empty and incomplete; lights dangle from exposed wires on porches, and the beeps of low-battery fire alarms ricochet up and down the streets.
Mr Twist said Bathla employees initially fixed some of his home's defects, but since the collapse he had not had any contact with the developer's staff — about 60 per cent have been stood down across the state.
"We don't know who to turn to," he said.
While administrators secured funding for a small number of Bathla projects last week, the ABC understands Avoca Park is not one of them
The project's lender, Credit Connect Group, did not respond to the ABC's requests for comment.
In a statement, a Building Commission NSW spokesperson said it encouraged owners, customers and contractors to reach out to the administrator, Teneo, for further guidance.
It said the commission intended to reach out to impacted customers about "the relevant steps they should take in light of the situation".
Relief for buyers
For buyers in the Kembla Grange project, this month has delivered some renewed hope.
The CEO of Balmain, Andrew Griffin, confirmed it had appointed receivers and would complete the project with contingency funds.
He said they were working through the defects on the prohibition order.
"We are absolutely completing the project," Mr Griffin said.
Marie Sinclair said that news came as an immense relief for her mother.
"There's hope and light at the end of the tunnel for my parents," she said.
AI outlook — possibilities, not facts
The Kembla Grange project will be completed under receivership appointed by Balmain.
Very likely · Within months
Homebuyers in the Avoca Park estate will face continued delays and uncertainty regarding completion of their townhouses.
Likely · Within months
The Golden Plains Wind Farm in Victoria supplies green energy to major data centre operators Amazon and Equinix, but rising demand from AI-driven data centres strains Victoria's aging grid, prompting debates over transmission projects like VNI West and Western Renewables Link amid community opposition and looming coal plant retirements.
Australia has seen a 12% increase in calls to the National Debt Helpline, with an additional 20,000 people seeking debt advice due to interest rate hikes, rising living costs, and Middle East conflict-driven fuel prices. Debt collectors are increasingly using AI to pursue claims, including misleading legal threats, prompting regulatory action by the ACCC against ARMA Group and Force Legal. Experts advise individuals to verify debt validity, know statute-barred limits, and use formal complaint channels like AFCA.
The US Federal Reserve raised interest rates by 25 basis points to a range of 3.75-4.00% to address persistent inflation, a decision expected to provoke President Donald Trump, who has pressured the Fed to lower rates. The move follows years of elevated inflation driven by Trump-era policies, including tariffs and geopolitical tensions, with Fed Chair Kevin Warsh set to speak at a press conference after the unanimous vote.
Firmus Technologies is courting investors in Asia and Australia ahead of a widely expected multi-billion-dollar share market float next month, with reports suggesting it aims to raise up to $7 billion in an IPO that could value the company at over $50 billion. The company has expanded through partnerships like a multi-year deal with OpenAI for AI factory sites in Malaysia and data centre projects in Tasmania, Melbourne, Sydney, Perth and Canberra, while noting its co-CEO Oliver Curtis was jailed in 2016 for insider trading.
A 71-year-old male worker remains in critical condition at Brisbane's Royal Brisbane and Women's Hospital after falling from a mine vehicle and being struck by it during pipework maintenance at the Crinum underground mine near Emerald, Queensland. Resources Safety and Health Queensland issued a safety alert advising workers to isolate and depressurise pressurised systems, use proper work platforms, and avoid standing on mobile equipment. The incident is under investigation by RSHQ and the Mining and Energy Union.
Australia's second-largest private hospital operator, Healthscope, will be divided among four operators in a deal struck by receivers following its financial collapse last year, securing 25 hospitals and 14,000 jobs.