Billionaire Gerry Harvey Leads the Way with Resilience Insurance’s Latent Defects Insurance for Dubbo Development

Harvey’s Landmark Decision to Secure Buyer Confidence‍

Billionaire retailer and property developer Gerry Harvey has taken a groundbreaking step in the Dubbo property market by securing Resilience Insurance’s Latent Defects Insurance (LDI) for his latest apartment development. This initiative provides a decade-long structural warranty for off-the-plan apartment buyers, ensuring enhanced protection against latent defects post-construction.

A Commitment to Quality Assurance‍

Gerry Harvey’s move to implement LDI aligns with his long-standing commitment to delivering quality developments. By securing this insurance, Harvey is reinforcing his dedication to high construction standards and buyer protection. “We want to ensure our buyers feel secure in their investment, knowing that structural integrity is guaranteed for ten years,” Harvey stated.

‍Stringent Oversight for Uncompromised Standards‍

LDI is exclusively granted to developers and builders who adhere to stringent trust and reliability criteria. The policy involves comprehensive plan assessments and regular independent inspections throughout the construction process to uphold superior quality. This ensures that Harvey’s Dubbo development not only meets but exceeds industry standards.

Enhancing Market Confidence and Accountability‍

The introduction of LDI into Harvey’s development is a game-changer for off-the-plan apartment buyers in Dubbo. By being among the pioneers in Sydney to adopt this insurance, following Urban Property Group, Harvey is setting a precedent in fostering transparency and trust in the property sector. “This is a major step in advancing buyer confidence and setting new industry benchmarks,” he added.

Educating Buyers and Setting New Industry Standards‍

Today’s buyers are increasingly aware of construction quality and safeguards like iCIRT ratings and LDI. The inclusion of LDI in Harvey’s project ensures a new level of accountability and consumer protection, making it easier for buyers to invest with confidence.

For developers and property investors, integrating LDI is more than just a precaution—it’s a strategic approach to elevating industry standards and buyer trust. By adopting LDI, Gerry Harvey is not only reinforcing confidence in his Dubbo project but also leading the charge for a more accountable and resilient real estate market.