
One of Australia's biggest home builders, Bathla, just collapsed under $3.6B in debt (up from $2.3B in 2022). 2,000 homes are stuck mid-construction. 15,000 more are on hold. Now three major lenders are limiting how much investors can withdraw from their funds. A risk to watch is: each lockup pushes more investors to pull money from other private credit funds to manage their exposure, which can trigger more lockups. It can build like a wave. Do you think the stress remains contained, or could it spread further across the sector? Follow us @OakleighIM for insights into market trends and what they could mean for portfolios.
