Bathla Group, the insolvent Australian builder that has shaken the nation’s real estate and private credit markets, secured stopgap funding to stay afloat for a couple of weeks as it rushes to make headway repaying creditors owed A$3.4 billion (S$3.1 billion), Bloomberg News reported. The company’s representative, the administrator Teneo, agreed to the emergency funding with five lenders, it said in a statement on Sept 7, without specifying the amount or identifying the creditors.

Insolvent Australian property developer Bathla Group faces a 24-hour timeframe for talks with its creditors to secure short-term funding, Bloomberg News reported. Bathla is a major residential property developer in Sydney and owes around A$3.3 billion (US$2.4 billion) to its creditors. In August, the firm appointed an administrator after struggling to pay its debts in the face of a slowdown in Australia’s property market and higher construction costs.

Australian home prices fell for a fifth month in August as the housing downturn spread to more cities and ‌regional areas, data showed on Tuesday, with the risk of more policy ‌tightening pointing to tougher conditions ahead, Reuters reported. Figures from property consultant Cotality showed national home prices fell 0.9% ​in August from July when they dropped by a downwardly revised 1.2%. That left values 3.6% below their peak, but still 2.7% higher than a year ago. Sydney and Melbourne again led the monthly decline with falls of 1.4% and 1.1%.

Australian consumer prices rose more than expected in July as fuel costs jumped, data showed on Wednesday, while core inflation also exceeded forecasts and added to the risk of another hike in ‌interest rates, Reuters reported. That was enough to send the local dollar up 0.3% to $0.7183, hitting a 12-week high, while three-year government bond futures ‌reversed an earlier rally to be last down 4 ticks at 95.41. Traders are scrambling to reprice the risk of a fourth rate hike from the Reserve Bank of ​Australia this year, with a move in September now priced at 38%, up from just 17% before.

Labor has accused the Tasmanian government of lending $20 million to Liberty Bell Bay despite receiving a report weeks earlier showing the manganese smelter was likely insolvent, PulseTasmania.com.au reported. Deputy Labor leader Janie Finlay said the state and Commonwealth governments were given the financial information around June 24, 2025, before the loan was announced on August 18, 2025. “On or around the 24th of June 2025, both the Commonwealth and the state governments were provided information that demonstrated that Liberty Bell Bay were insolvent,” she said.

Australian consumer prices rose by less than expected in the second quarter, easing pressure on the Reserve Bank of Australia to deliver what would be its fourth rate increase this year at a policy meeting next month, the Wall Street Journal reported. The consumer price index rose 3.8% in the year to the end of June, the Australian Bureau of Statistics said Wednesday. Economists had expected a rise of closer to 4.0%. Core inflation rose by 3.6% in the same period, just shy of the 3.7% expected by traders.