Tasmania to establish nation-leading modular housing finance guarantee
Tasmania is introducing legislation for a first-of-its-kind Modular Housing Finance Guarantee Scheme. It aims to improve early-stage finance access for modular construction projects, a longstanding barrier in the sector.
How will Tasmania's new modular housing finance guarantee affect builders and contractors?
Builders and contractors working in modular or prefab construction in Tasmania may find it easier to secure project finance. Could open new work opportunities in an emerging construction method.
Key takeaways
- Tasmania is the first Australian state to legislate a Modular Housing Finance Guarantee Scheme.
- The scheme targets early-stage finance access, a major blocker for modular housing projects.
- Builders in modular and prefab construction could benefit from easier project funding.
- No dollar figures or scheme size details have been released yet.
Related
Tasmania to rezone five hectares of state land for residential development
Tasmania will rezone nearly five hectares of state-owned land in northern Tasmania for residential development. Two Housing Land Supply Orders covering Ravenswood and surrounding areas have been tabled in Parliament.
Why it matters: Builders, electricians, plumbers and other trades in northern Tasmania may see new residential project opportunities as rezoned land opens up for housing development.
NSW finalises 20-year Sydney Plan to deliver 800,000 new homes
NSW has finalised a 20-year Sydney Plan to guide housing, jobs, and infrastructure as the city's population grows. The plan targets 800,000 new homes over two decades.
Why it matters: Builders, electricians, and plumbers stand to benefit from a major long-term pipeline of residential construction work across Sydney.
Kingfisher findings must trigger procurement reform to deliver more housing
HIA has backed opposition calls to reform ACT Government procurement after Operation Kingfisher findings, including scrapping UnionsACT procurement arrangements.
Why it matters: Builders and contractors in the ACT may see changes to how government housing contracts are awarded and managed if procurement reforms proceed.