This article originally appeared on Apartments.com.au
Boutique developer Toohey Miller has secured this insurance for its newly launched Elizabeth Bay development, Barncleuth. This marks the developer’s second project in the area, following the success of No. 1 Onslow Place.
Latent Defects Insurance, offered by Resilience Insurance, provides cover for structural or waterproofing defects in new apartment buildings. It is a policy that only the developer or builder can take out, not the apartment purchaser.
Located just off Macleay Street, one of Sydney’s most desirable high streets, Barncleuth offers a rare collection of only 10 residences. With just two per floor, each oversized floorplan has been designed by SJB specifically for the owner-occupier.
The five-storey building captures views over Rushcutters Bay and Paddington, blending contemporary brickwork with the expressive silhouettes of its Art Deco neighbours.
Inside, the residences, designed by David Hicks, prioritise generous scale and enduring quality, with a mix of two- and three-bedroom layouts. Expansive terraces and cross-ventilated interiors maximise light and airflow, while sustainable features such as a green roof and locally sourced materials reflect SJB’s commitment to long-term liveability.
Developer Toohey Miller, led by Nick Couloumbis, says the design aims to bring lasting quality to an area long celebrated for its apartment heritage.
“It’s a stone’s throw from the best restaurants in Sydney. Some people call it the Soho of Sydney,” Couloumbis told Apartments.com.au when the project was approved.
By securing Resilience Latent Defects Insurance, Barncleuth joins a growing group of premium Sydney projects adopting the gold standard in building protection.
The cover, provided before construction begins, ensures any hidden structural or waterproofing defects are repaired immediately, without lengthy litigation or fault disputes.
Resilience Insurance CEO Corey Nugent said the product has been a catalyst for renewed confidence in the off the plan market.
“Ultimately what we’re trying to do is build better buildings consumers can trust. When buyers take possession, they have full insurance protection from day one, for 10 years,” Nugent explained.
Unlike traditional policies such as strata or construction insurance, Resilience LDI is a first-resort, strict liability policy, meaning repairs are covered immediately without needing to prove negligence. Coverage extends to foundations, load-bearing walls, and waterproofing, the elements most critical to long-term structural integrity.
Regarded construction firm Jasara has been appointed to deliver Barncleuth. They are forecasting an early 2027 completion.