Extra building protections offered for units priced as low as $475k in Sydney’s northwest


Ophora, a development in Tallawong growth precinct in northwest Sydney.

A Sydney developer behind one of the more affordable apartment complexes in the northwest has taken a bold step to restore buyer confidence in the apartment sector.

The industry has been reeling from the impact of high-profile building collapses in the Opal Tower in Olympic Park and Mascot Towers in the inner south, which have wrecked confidence in new builds.

In a bid to restore buyer confidence, a boutique development in masterplanned community Tallawong is offering 10-year Latent Defects Insurances (LDI), a first within Blacktown City Council.

Ophora, a project of developer KDMC, will comprise 81 residential apartments priced from $475,000. It is currently under construction and due for completion next year.

The development will be completed next year.

The development is one the city’s most affordable to come with the new LDI, according to SHC Insurance Brokers.

Just under 60 developments across the nation boast LDI, which was brought to Australian shores in November last year.

It is a government-approved alternative to the mandatory Strata Bond – worth two per cent of a building’s construction cost. It was introduced in the wake of the defects reported in Mascot Towers, Opal Tower and other projects.

The reforms strengthen the administration of building regulation and certification and enhance the accountability of certifiers and the certification system.

The LDI on Ophora is being offered through Resilience Insurance. SHC Brokers is one of four approved distributors of the insurance nationally.

The development is set within a growth precinct.

KDMC development manager Ronnie Rahme said offering the LDI meant they could provide peace of mind for buyers.

“Rebuilding confidence among apartment buyers has become crucial for many Sydney developers since the Opal Tower crisis back in 2019, when occupants noticed major defects in the building not long after it was completed,” Mr Rahme said.

“It’s why, in a nutshell, we were quick to acquire LDI before we began construction on Ophora … this means a far higher surety of compliance with standards, codes, and safety.”

Mr Rahme said the developer was hoping to send a strong message to consumers and the industry.

“Given the gravity of the nation’s housing crisis, coupled with a slew of construction horror stories that rocked the apartment sector over the past few years, we understand there’s a greater need than ever to provide safe, quality and affordable housing to all.

“LDI removes a lot of the unethical and untrustworthy behaviour we’ve witnessed from builders across Sydney. It helps us send the message that entry-level prices don’t equate to a sacrifice on safety or quality.”

SHC Insurance Brokers founder Stefan Hicks said gaining LDI was “no mean feat”.

“It requires both parties to employ an independent inspection service throughout construction. While this insurance is well-established around the world in about 40 countries, in Australia we’re typically seeing high-end buildings covet LDI. The fact that Ophora has joined this exclusive list of quality-assured builds is a coup for entry-level home buyers.”

Ophora is one of three developments currently under construction in Tallawong, within the city’s fast-growing North West corridor.

One-bedroom apartments are priced from $475,000, two-bedroom apartments from $625,000, and three-bedroom homes are from $745,000.


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