Labor is strengthening protections for Victorian homebuyers, giving them confidence when making the biggest purchase of their lives: a safe, high-quality, affordable home.
The Building and Plumbing Commission (BPC) now has strong new powers to protect consumers.
This is in addition to a new insurance scheme for families building a home, and a new developer bond scheme for apartment buildings.
Insurance when you need it most
Homeowners who enter into a domestic building contract are now covered by the First Resort Home Warranty Insurance Scheme.
This covers lost deposits, incomplete building work and defective work with no complex legal battles required.
The BPC is the sole provider of the scheme, meaning dodgy operators can't shop around for shoddy insurance with less cover.
In just one week, the BPC have issued more than 1,300 Notices of Cover - covering more than $445 million worth of building contracts.
Nearly 600 of these are for new single dwelling construction projects, with the suburbs of Sunshine North, Tarneit, Mickleham, Deanside and Winter Valley leading the way.
