Landmark trial to build modular homes in just hours, instead of weeksBut there's a catch that could make buyers think twice about this revolutionary construction method.2 min read

7NEWS

May 06

One of Australia’s biggest developers has started a landmark trial building homes in record time, with Mirvac eyeing the fast modular construction business but there’s a catch.In Cobbitty, a boom ...

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But this one was put up in hours, not weeks,” NSW Planning Minister Paul Scully said.The modules are transported by the truckload. Credit: 7NEWSOne property howver costs up to $650,000. Credit: 7NEWSNew legislation is set to fast track modular homes. Credit: 7NEWSBe the first to know: Add 7NEWS as your preferred news source on GoogleAnother key advantage to this model is precision, with components cut to exact sizes in a controlled environment, reducing waste by around 60 per cent.However, the biggest hurdle facing the modular construction method is cost. The Cobbity home is priced at around $650,000, about 10 per cent more than a traditional build.“Over time, we think as there’s more demand for this type of construction, naturally you’ll see the costs come down in this segment of the market,” Penklis said.The trial comes as new legislation introduced on Wednesday is set to cut red tape and fast track modular homes.“Make it a much more seamless process to ensure that it’s on par, equal to the traditional ways we build homes,” NSW Building Minister Anoulack Chanthivong said.Family meat empire to close after more than 80 years1 min readSmall Aussie brand beats global drink giants with unlikely idea3 min read","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}