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The Way Buyers Purchase Homes in NSW is Changing for the Better

Purchasers looking for an off-the-plan purchase want confidence and peace of mind that the project they buy into will be delivered by a reputable and reliable builder.

Introducing iCIRT

The NSW Government has recently launched its new Independent Construction Industry Rating Tool, or iCIRT; a tool that assesses construction companies and provides a rating. This rating is based on build quality and ability, as well as the level of risk associated with previous project construction.

The tool was developed by regulated ratings agency Equifax, and provides construction firms with a rating of up to 5*. Firms awarded 3* or more feature in the iCIRT directory of trusted contractors.

The overall purpose of the tool is to make it easier for home buyers to identify excellent contractors; firms they can trust to deliver what they promise. Every time. It’s designed to put power back into the hands of the consumer, so they can be sure that, when they purchase off plan, they’re getting exactly what they bought. Ultimately, the iCIRT tool is facilitating a new future where buying a home isn’t stressful or worrying, but an enjoyable, exciting experience for everyone involved in the process.

“We’ve been calling for reform in the industry to help give consumers more peace of mind and confidence when buying an apartment”. Deicorp founder Fouad Deiri said.

“When the new iCIRT program was announced, we immediately embraced it and submitted ourselves for assessment.” Mr Deiri added.

Deicorp: leading the way to change – Fouad Deiri

Deicorp, Sydney’s top design and construction firm, have long held a well-earned reputation for leading the way. And it’s no different here. While there are now 19 residential and retail building developers who have achieved a 3*+ iCIRT status, Deicorp were the very first to gain the recognition.

“It’s a point of pride that Deicorp was the first company in NSW to achieve an iCIRT rating.” Deicorp founder Mr Fouad Deiri said.

“In fact, of the 19 projects currently rated, 3 are Deicorp’s which highlights the level of trustworthiness of our company.” Mr Deiri stated.

In celebration of this, NSW Building Commissioner David Chandler OAM recently took the opportunity to speak with Deicorp customers about this exciting new development in the future of NSW property buying. Mr Chandler has acted as Building Commissioner since 2019, having spent more than four decades working with apartment developers and commercial building developers on some of Australia's biggest and most complex projects. Mr Chandler understands just how important build quality is, and was pleased to meet with buyers to discuss solutions to industry challenges.

The meeting was held at Deicorp’s Tallawong Village display centre, which provides potential buyers and investors with an opportunity to learn more about this Deicorp development. Tallawong Village offers 987 one, two, and three-bedroom apartments in the Hills Shire, architecturally designed by the award-winning Turner Studio. Just moments from the Sydney Metro, the development is superbly connected, offering easy access to Norwest Business Park, Macquarie, Chatswood and the CBD.

“We were delighted that the commissioner chose our project to showcase the benefits to purchasers of the new rating system.” Mr Deiri Fouad said.

“He demonstrates how much confidence he has in our product that he would come to our project to speak with our purchasers.” Mr Deiri stated.

Putting consumers back in the driving seat

As the first NSW design and construction firm to be assessed and approved by the Government’s new iCIRT tool, Deicorp are proud to be standing at the forefront of change. The company have now achieved three individual 3*+ iCIRT ratings across their portfolio as a developer and corporate sponsor, and are thrilled to be helping the NSW Government put home buyers back in control.

 

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Deicorp founder Fouad Deiri welcomes the building industry reform from the NSW government and backs the iCIRT tool to deliver certainty and peace of mind to purchasers