How Australia’s prefab industry can help the housing crisis

The Victorian government’s recent announcement that it’s aiming to build 800,000 new houses in a decade might seem very ambitious, but it aims to address a very serious problem.

Housing supply in Australia has not kept up with demand. There’s a national shortfall of housing, increasing interest rates which are creating significant levels of mortgage stress, spiralling rental prices and the large number of people now priced out of the housing market.