Billion-dollar property collapse highlights private credit danger

www.abc.net.au · 2026-08-04 · by Long Nguyen ·generic
Examinations of the downfall of Jon Adgemis's property empire may well shed light on the extent to which private credit firms, essentially a shadow banking industry with little or no regulation, have their hooks into the economy. 

Billion-dollar property collapse highlights private credit danger

analysis

Billion-dollar property collapse highlights private credit danger

By chief business correspondent Ian Verrender

Posted Tue 4 Aug 2026 at 9:56amTue 4 Aug 2026 at 9:56am

Tue 4 Aug 2026 at 9:56am

Two photos of Jon Adgemis with logos of Public, Kurrajong and Exchange behind him

Liquidation hearings into the companies of Jon Adgemis could give an insight into the murky world of private credit. (ABC News Graphics / Instagram: commercial.ready)

www.abc.net.au · 17 images · 134 links

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