28/05/2026
The new First Resort Home Warranty Insurance scheme will replace the current Domestic Building Insurance system for residential buildings up to 3 storeys.
One of the biggest changes is that claims for defective or incomplete work may now be available regardless of whether the builder is insolvent, missing or deceased.
The reforms also introduce a new regulator, increased coverage limits, and stronger enforcement powers across the building industry.
If you’re buying, building, subdividing or developing property, it’s important to understand how these reforms may affect you. Call the team at DMVC to discuss further.