Indebted home builder Bathla Group has announced the company has collapsed into administration citing a “perfect storm” of economic circumstances for the company’s decision.

The news on Tuesday has left customers in limbo as the home builder becomes the latest casualty of the industry struggling with rising input costs.

Bathla Group now joins a long list of Australian residential builders and property developers which have entered voluntary administration or liquidation due to soaring material costs, labour shortages and fixed-price contracts.

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The sydney builder said the move to place the company in voluntary administration was not taken lightly but provided the clearest path forward to support the competition of projects and deliver much-needed housing in Western Sydney and other key markets.

In a statement on its website, it said the tax changes handed down in the federal budget in May contributed to the company’s worsening circumstances as it brought about a significant softening in sales.

It also pointed to falling confidence in key markets as house prices rises continue to reverse across capital cities.

In a statement online, Bathla…