(Ben Graham’s article from The NEWS.COM.AU on 26 August 2026.)
Contagion
fears in troubled $2.5 trillion industry after shocking collapse of Bathla
Group: A contagion infecting a $2.5 trillion industry has hit Australia
and a domino effect of panic has set in after a major builder collapse.
A
contagion infecting a $2.5 trillion industry has officially hit Australia, with
billions of dollars now trapped as a domino effect threatens to ripple through
the property sector following a major builder collapse.
In a
dramatic escalation of a global crisis that has been bubbling away all year, MA
Financial — one of the country’s largest private credit investment managers —
has slapped severe limits on how much cash investors can pull out of its $2.3
billion secured property loan fund.
The move comes during a concerning week for the $200 billion Australian private credit industry, triggered by the spectacular collapse of major western Sydney-based home builder Bathla Group, which has plunged into voluntary administration, straining under a staggering $3.2 billion in debts.








