00:02Casey thought this would be the home where she would raise her two young daughters.
00:06Now the developer is in administration. She doesn't know when or if her house will be finished.
00:13Everything for me to get out of rental and back into the market is sitting behind us right now. I'm
00:23beside myself.
00:24Battler is one of Sydney's most prolific residential developers, particularly across the city's west.
00:31But in recent months, the signs of strain have been mounting.
00:35Universal Property Group, its main corporate entity, had liabilities close to $3.2 billion as of June last year.
00:44And some suppliers, such as construction firm Delta Foundation, say they haven't been paid in more than 12 months.
00:51This is a devastating blow. They're owed about $400,000.
00:56It represents construction work, labour and materials that have already been provided.
01:01About 2,000 homes are presently under construction and another 13,000 are in the pipeline.
01:08Administrators say they are working urgently to stabilise the business
01:12and need around $20 million to keep construction going for the next five weeks.
01:17A voluntary administration does not automatically mean liquidation.
01:22It does not automatically mean the development will not proceed.
01:26And it does not automatically mean purchasers have lost their deposits.
01:30Casey had been promised her home by year's end.
01:33That would be a dream come true.
01:35A dream now hanging in the balance.
01:37A dream has been forced to bury the ones with a daughter.
01:37A dream's for a child.
01:37A dream has to happen in the balance.
01:39A dream is a beautiful one.
01:40A dream has brought home by a girl, a romance.
