Resources

Third.i Group is revolutionizing Newcastle’s property market by introducing Resilience Insurance’s 10-year Latent Defects Insurance (LDI) at Dairy Farmers Towers. This initiative ensures off-the-plan buyers are protected against structural defects post-completion, enhancing buyer confidence and industry transparency. Co-Founder Luke Berry highlights LDI as a testament to Third.i’s commitment to quality and long-term security for homeowners. By setting rigorous construction standards and independent oversight, Third.i is leading the way in fostering trust and accountability in the off-the-plan apartment market.

Latent Defects Insurance (LDI) is revolutionising the off-the-plan property market by offering buyers a 10-year warranty against structural and waterproofing defects. This first-resort, strict liability coverage ensures that buyers can claim directly with the insurer without proving fault, streamlining the resolution process. LDI also enhances construction quality through rigorous inspections before issuance, boosting buyer confidence and property values. As more developers adopt this safeguard, the real estate industry moves toward greater accountability, making off-the-plan investments more secure and attractive.**

Urban Property Group (UPG) is enhancing buyer confidence by implementing a 10-year Latent Defects Insurance (LDI) policy from Resilience Insurance for its latest development, The Waterfront at Central Coast Quarter in Gosford. This warranty protects purchasers against structural defects post-completion, reinforcing UPG’s commitment to quality and transparency. The LDI policy includes rigorous oversight, with independent inspections ensuring high construction standards. As one of the first developers in Sydney to adopt LDI, UPG is setting a new industry benchmark, boosting market confidence, and offering stronger protections for off-the-plan buyers.

Billionaire Gerry Harvey has secured Resilience Insurance’s Latent Defects Insurance (LDI) for his new Dubbo apartment development, providing buyers with a 10-year structural warranty. This move reinforces his commitment to quality construction and buyer protection. LDI involves strict oversight, including independent inspections, ensuring high building standards. As one of the first Sydney developers to adopt LDI, Harvey is setting a precedent for increased transparency and market confidence in off-the-plan property investments.

In Market Insights EP 83, Urban Property Group’s Chairman, John Brogden, discusses the adoption of Latent Defects Insurance (LDI) and its impact on the Australian property market. As the first developer in Australia to implement this insurance, Urban Property Group provides 10-year coverage for apartment buyers, ensuring long-term protection against construction defects. Brogden highlights how LDI boosts consumer confidence, enhances developer credibility, and is likely to become an industry standard within the next five years. With increasing buyer awareness and regulatory support, resilience insurance is set to reshape the future of apartment development in Australia.

Market Insights EP 82: The Developer View features industry leaders from Third.i, PERIFA, and ICD Property sharing insights into the current real estate landscape. The discussion covers market trends, investment strategies, sustainability, and the future of property development, offering valuable perspectives for investors and industry professionals. With a focus on innovation and adaptability, the episode explores how developers navigate challenges and seize new opportunities in an evolving market.

The article presents insights from Michael Bird, Diana Sarcasmo, and Mark Bernberg on the evolving landscape of project marketing. Michael Bird highlights key industry challenges and the need for innovative strategies. Diana Sarcasmo discusses market trends and the importance of adaptability in marketing approaches. Mark Bernberg shares practical experiences and strategies for overcoming hurdles in project marketing. Their perspectives provide a comprehensive understanding of the industry's current state and future direction.

Latent Defects Insurance (LDI) is revolutionizing off-the-plan property sales by providing buyers with a 10-year structural defect guarantee. This added security boosts buyer confidence, accelerates sales, and even increases resale value. Major developers are already embracing LDI, and industry experts predict it will soon become a standard requirement for new projects. If you're investing in off-the-plan properties, choosing one with LDI ensures a safer, more secure investment.

In Market Insights EP 79, Mike Bird (CEO of Urban.com.au) speaks with Drew Bowie (MA Financial) about risk management in property development. They discuss how time is a critical risk factor, the impact of construction delays on financing, and how insurance products like resilience and latent defects insurance (LDI) help mitigate risks. Bowie explains that insured projects provide greater confidence to both financiers and consumers, potentially increasing property value and sales. He emphasizes that quality developments with risk mitigation strategies are more resilient in market downturns, making insurance a valuable tool for developers and lenders alike.