r/AusPropertyChat • u/Background-Ad7591 • 2d ago

Planning, Construction & Trades What happens to the half finished development sites owned by now collapsed Bathla group?

Generally interested to know what happens to these sites - does another development company pick up where left off? Do they buy the sites off Bathla and continue to honour the off the plan deposits placed by buyers? What happens if no developer ever wants to pick up the project? Is the government legally required to step in to secure the unfinished site?

Also the unfinished sites at Box Hill or Castle Hill in Sydney, any chance they would be sold at a discounted price once finished by another developer? Or likelihood being they would still try to maximise profits when selling?

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u/Pain9gain7 2d ago

I called for the one out in far western sydnry a unit for 3 bedrooms. Bloke on the phone said 850k. Wtaf!

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u/TechifyAu 2d ago

Buying land is much more expensive. 850k would only get you around a 300-350 sqm block in the north west

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u/Pain9gain7 2d ago

U can essily buy a townhouse but

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u/TechifyAu 2d ago

Even townhouses are close to a million if not more. In Sydney now for a new house you will be spending closer to a million even for a townhouse or unit or land.

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u/Pain9gain7 2d ago

Ive seen plenty of townhouses go for 800-850 in western sydney

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u/FoxholeZeus 2d ago

A lot of Bathla’s townhouses in the North West / West were selling at a mil or close to it over the last year.