Hornsby becomes the latest suburb with new apartments backed by Resilience Insurance's 10-year Latent Defects Insurance policy

The 10-year Latent Defects Insurance (LDI) policy, now one of the most important considerations on an off-the-plan apartment buyer’s checklist, has expanded its growing presence to another Sydney suburb.

Norwest-based developer Haitchin Group has secured the policy through Resilience Insurance for its recently launched Hornsby project, Habitat. The cover will protect the development’s 67 apartment owners against structural and waterproofing defects that may arise within the first 10 years after completion.

Located just 200 metres from Westfield Hornsby, Habitat will also include two retail tenancies and 15 commercial suites, creating additional opportunities for investors and owner-occupiers while contributing to the vibrancy of the surrounding precinct.

Read more: What is Latent Defects Insurance and is it bringing confidence to the off the plan apartment market?

PRD Norwest Director David Inkster, who is managing sales for Habitat, said today’s buyers are seeking certainty and quality above all else.

“Location, reliable delivery teams and confidence in the finished product are paramount,” Inkster said.

“Buyers want proximity to retail, transport and green space, and reassurance that both the developer and builder have proven track records.”

He added that initiatives such as Latent Defects Insurance are playing an increasingly important role in restoring confidence among both owner-occupiers and investors by mitigating concerns around major structural issues.

Read more: Resilience Latent Defect Insurance protection runs hot in New South Wales

The development team is pitching Hornsby as a "compelling investment destination", underpinned by strong fundamentals, excellent infrastructure connectivity and a resilient rental market.

With strong rail access, proximity to major retail and employment hubs, and sustained demand from professionals, downsizers and essential workers, Hornsby offers investors an attractive balance of affordability, yield stability and long-term capital growth potential.

Habitat is the first new-build residential development to come to the local market in more than seven years. The undersupply of new housing, particularly three-bedroom apartments, will likely see Habitat's apartments perform well into the future.

“Off-the-plan investors are showing renewed confidence, supported by improving economic conditions and a greater willingness to commit when the right product is offered in the right location," Inkster added.

“The off-the-plan apartment market in Sydney is not just surviving, it’s adapting and evolving in response to buyer needs, setting the stage for a promising revival.”

Haitchin Group General Manager Rob Tasevski said the vision with Habitat is to deliver a residential address that combines world-class architecture with interiors meticulously designed for owner-occupiers and downsizers, while also offering a compelling proposition for investors seeking stability and long-term value.

“Our previous masterplanned community, Infinity Park, set a new benchmark in the Hills District. With Habitat, we are proud to deliver the first development in Hornsby to offer Latent Defects Insurance, providing purchasers with an additional layer of confidence and security.”

Two-bedroom apartments with a car space are priced from $845,000.