00:02In the midst of a housing crisis, the state government says it's time for home buyers to consider all options.
00:09We really want West Australians to take modular as a serious choice.
00:17In the sign of the times, one of WA's biggest residential builders is now offering prefabricated homes.
00:25The overall construction period is only 12 to 16 weeks.
00:28So it's much, much quicker to get people into their homes.
00:32Rapid population growth, tradie shortages, supply chain issues
00:36and what the state government describes as WA's attachment to double-brick fields
00:41have pushed the housing market to crisis point.
00:45Modular homes make up just 5% of WA's market.
00:49But with shorter construction times, the housing industry is hoping they'll play a crucial role
00:56in easing the state's shortfall of homes.
00:59It's our expectation that that double-brick percentage will drop down to about 30% over the course of the
01:04next five years.
01:05Finding banks willing to provide loans for modular housing is a key challenge.
01:10Something the government says it's aware of.
01:13We really are changing our policy settings, even through Keystart, through a new modular loan product.
01:20One is the place that I was interested.
01:21Therefore, LSE matched up to a new modular asset.
01:24This is the Troy Pond sponsor of 10.
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