Located in the Tallawong community, the Ophora project features 81 residential apartments with prices starting from a surprising $475,000. What sets this project apart is the 10-year LDI provided to buyers, a first within the Blacktown City Council area. This means that buyers will have additional building protection over the next decade, particularly when facing potential defect issues.

The Ophora project by KDMC is one of fewer than 60 development projects nationwide that offer LDI, attracting widespread attention in the industry. The introduction of LDI is not an easy task, requiring developers to collaborate with independent inspection services to ensure compliance with standards, specifications, and safety requirements throughout the construction process. This insurance scheme serves as an alternative to the government's mandatory Strata Bond, equivalent to 2% of the construction cost, aimed at strengthening building regulation and certification management, as well as enhancing accountability and certification systems for certifying authorities.

Ronnie Rahme, Development Manager at KDMC, states that offering LDI is a strong message to buyers that low prices do not equate to sacrificing safety or quality. Rahme emphasizes the importance of buyer confidence in building quality, particularly since the crisis at Opal Tower in 2019. The LDI for the Ophora project addresses some of the unethical and unreliable practices of builders across Sydney, providing buyers with higher assurance.

The LDI for the project is provided by SHC Insurance Brokers, and according to the company, Ophora is one of the most affordable new LDI projects nationwide. Stephen Hicks, Founder of SHC Insurance Brokers, notes that obtaining LDI requires joint efforts and the hiring of independent inspection services throughout the construction process.

While the application of this insurance is mature in approximately 40 countries globally, its introduction in low-cost projects in Australia remains relatively uncommon. Therefore, the inclusion of LDI in the Ophora project comes as a pleasant surprise for buyers.

Beyond providing unique building protection, the Ophora project highlights the rapid development of the Tallawong community. The community is part of the ongoing growth and expansion in northwest Sydney.