Toga Awarded Very High ICert Rating By Independent Government Backed Body

Cramer Property is excited to announce that TOGA, developers of Surry Hills Village and Wicks Place, has just been awarded an outstanding 4.5 star rating under the Independent Construction Industry Tool (iCIRT). This exceptional ranking is testament to TOGA’s reputation as one of Australia’s most experienced and trusted fully integrated property developers. 

iCIRT uses a five-star system to rate builders and developers on their capability to deliver apartment buildings, which must meet the minimum average of three out of five stars or above to be deemed "trustworthy".

TOGA’s 4.5 star rating is a testament to TOGA’s reputation as one of Australia’s most experienced and trusted fully integrated property developers.

 

Generally speaking, purchasing a home is likely the biggest single financial investment we will make in our lives. And when buying off-the-plan, we have previously only had a glamourous display suite and brochure to reflect the property we will be acquiring. But now with this new independent rating system, iCERT in place, we are able to far more accurately see the developer’s credentials. And this is doubly so, as since the system started a year ago and is at present voluntary, you can be sure that any developer who puts themselves forward for this type of rigorous independent assessment has great confidence in their ability to deliver exemplary properties with integrity. 

For many of us, these rating systems can seem unimportant but once we understand exactly what is being rated, by whom and why, we can see that an iCERT rating is an excellent reference for homebuyers when choosing an off-the-plan property. This rating helps purchasers identify developers who have outstanding credentials through an unbiased and independent assessment. Any developer who scores above 3 stars is deemed trustworthy and the higher the score, the more this adds to their credentials and abilities. And a high rating allows a purchaser to buy with full confidence and transparency. 

This independent construction industry ratings tool has been created by data analytics house, Equifax, backed by the NSW Government. Equifax meticulously analyse each developer’s full financial and development history prior to awarding the accreditation. 

The system works by drawing on thousands of rating points endorsed by NSW Fair Trading including the following:

• developer’s credit ratings

• the relationships between development counterparties

• the entity’s history in corporate dealings

• history of the nominated directors

• Additional objective evidence to reflect the developer’s capability to deliver good quality buildings

Given that TOGA has scored an enviable 4.5 star rating, purchasers can have full confidence that their developments reach a significantly high level of quality and integrity across the board.