Prefabricated Housing in Australia: Identifying the Financial Barriers
International Journal of Civil Engineering and Technology 10(3), 2019, pp. 488-493
6 Pages Posted: 27 Sep 2019
Date Written: September 18, 2019
Offsite-manufacture is considered to be the panacea to challenges in traditional construction methodology. Envisaged to address the contemporary issues of housing affordability and shortage in Australia, a great amount of research and promotion is put in by academia and government into prefabricated housing. Despondently, the sector’s growth is comparatively lower due to a multitude of reasons and lack of financial backing from financial institutions appears to be consequential. The aim of the research is to identify the factors for the perceived aversion of banks and lenders towards prefabricated housings and to draw pathways to address them in order to develop a robust business model for promoting sustainable growth of the branch in Australia.
Keywords: Offsite Manufacture, Prefabricated Housing, Residential, Financial Institutions, Business Model
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