Modular Affordable Housing Sydney
It was a great pleasure meeting industry leaders and friends at The 4th Annual Modular Affordable Housing Sydney Summit. We are excited about the possibilities that lie ahead.
This event provided a comprehensive overview of the current housing crisis in Australia and explored how modular and prefab construction can offer practical solutions to this pressing issue. The event addressed Australia’s worsening housing crisis, with a current shortfall of 97,284 dwellings, expected to rise to 145,470 by 2026. Housing prices averaged $939,000 in late 2023, and Sydney rents surged 13.1% year-on-year to $1,037 per week.
Modular and prefab housing emerged as a key solution, offering faster construction (up to 50% faster) and cost savings of up to 25%. With 70%-90% of work done offsite, these homes reduce delays and improve affordability.