Integrations

Setting a New Standard for Luxury Property

SEQ Market Insight LIVE Event, A private event in Brisbane for 80 of SEQ's apartment industry leaders, including guest speakers Daniel Faigen, Hirsch & Faigen; Michael Nitschke, MaxCap; Sam Gardner, Gardner Vaughan Group; Carly Cottam, MOTIV; Adam Rainbird, Drive Project Marketing and Mike Bird, Urban.com.au.

Latent Defects Insurance (LDI) is transforming the off-the-plan property market by providing long-term structural defect protection. This 10-year warranty enhances buyer confidence and helps developers establish credibility. DCN Group has pioneered the use of LDI in Bankstown with The Hoskins, setting new industry standards for quality assurance. With increasing demand for buyer safeguards like iCIRT ratings and LDI, developers integrating this insurance can boost marketability, reduce liabilities, and foster trust. As more industry leaders adopt LDI, it is shaping the future of real estate by ensuring transparency, accountability, and higher construction standards.

Scion has elevated buyer confidence in Lane Cove North by incorporating Latent Defects Insurance (LDI) in The Sterling development. This 10-year structural warranty, combined with rigorous independent inspections, assures buyers of high-quality construction. Industry experts highlight LDI as a game-changer, influencing purchasing decisions and setting new standards in off-the-plan apartment sales. Encouraged by its success, Scion plans to introduce LDI in future projects, reinforcing its commitment to quality and transparency in the property market.

The Technical Inspection Service (TIS) program is revolutionizing the construction industry by providing independent, third-party oversight to ensure high-quality, defect-free buildings. This rigorous program includes design risk assessments, regular site inspections, and final quality assurance reviews, helping developers meet the stringent requirements for Resilience Latent Defects Insurance (LDI). By identifying and rectifying potential structural issues early, the TIS program boosts market confidence, enhances industry accountability, and sets a new benchmark for quality assurance in off-the-plan apartment developments.

DCN Group is pioneering quality assurance in Bankstown by introducing Resilience Insurance’s Latent Defects Insurance (LDI) for its latest project, The Hoskins. As the first developer in the area to adopt LDI, DCN is setting a new standard for buyer protection with a 10-year structural warranty. This move enhances market confidence, ensuring rigorous oversight and transparency in construction. By embracing LDI, DCN strengthens its commitment to excellence, reinforcing trust in off-the-plan property investments.

Resilience Latent Defects Insurance (LDI) offers a robust 10-year warranty against hidden structural and waterproofing defects in new buildings, providing comprehensive protection that traditional policies like strata, construction, and professional indemnity insurance do not cover. By directly safeguarding property owners without the need to establish fault, Resilience LDI ensures swift resolution of issues, setting a new standard in construction and property insurance.

In 2004, a section of Terminal 2E at Paris's Charles de Gaulle Airport collapsed, resulting in four fatalities and several injuries. Investigations attributed the disaster to design flaws and construction defects. The reconstruction, completed in 2008 at a cost of €150 million (AUD 250 million), was fully covered by Decennial Liability Insurance (DLI), also known as Latent Defects Insurance (LDI). This incident underscores the critical role of LDI in mitigating financial risks associated with structural failures.

Princeton's Marque Rockdale development offers purchasers a 10-year Latent Defects Insurance (LDI) policy from Resilience Insurance, providing comprehensive coverage against structural and waterproofing defects. This initiative not only safeguards buyers but also underscores Princeton's commitment to quality and transparency in the property market.