Over the last decade or so, affordable housing in Victoria has been getting harder to achieve through traditional builds, which is why more people are turning to prefabricated and modular homes as a cost-effective way to own a home.
By moving much of the construction off-site, these homes can be built faster, with less waste and more predictable pricing, something that matters more than ever in today’s market.
Prefab and modular homes are quickly becoming a go-to option for anyone looking to own an affordable home in Victoria without the usual delays and budget blowouts.
With over 30 years of experience and more than 10,000 homes built, Todd Devine Homes has seen this shift firsthand, helping many embrace homeownership.
Generally, affordable housing refers to a home that costs no more than about 30% of a household’s income, leaving enough money for other core expenses. In practice, this can mean homeownership options where purchase and/or repayments are capped relative to income.
Keep in mind that this is different from social housing, which is usually targeted at very low-income or vulnerable groups and heavily subsidised. In contrast, affordable housing serves a broader range of incomes, including many working-class households that are often priced out of the open market.
Prefab homes are one of the most effective affordable housing solutions available today because they reduce both upfront costs and long-term financial risk. By utilising controlled, facility-based construction, timelines and costs are controlled.
Prefab homes are built in controlled facility environments, allowing for standardised designs. This efficiency can lower build costs, with modular homes from Todd Devine Homes starting at just $81,400 for a holiday home.
Because much of the construction happens off-site, prefab homes can be completed in a matter of weeks rather than months. View our 12-step building process to understand how we take your prefab or modular home from concept to completion.
Many prefab homes are designed with energy efficiency in mind, using better insulation and airtight construction. This can lower both heating and cooling costs, reducing overall living expenses.
At Todd Devine Homes, we offer a wide range of prefab home options to suit different budgets and living needs/situations. Whether you’re looking to add a granny flat for extended family or invest in a full-sized transportable or modular home, there are flexible designs available to match your lifestyle and long-term goals.
The following options highlight a selection of our most popular layouts.
Granny flats are compact, self-contained homes designed to provide an affordable living space for an extended family or additional income on the same property.
These are full-sized, facility-built residences designed for flexible living across a range of sites.
For more information about our designs and what we offer, do not hesitate to contact us.
Affordability doesn’t mean compromising on quality. In fact, prefab homes are built to strict, controlled standards, making them one of the safest and most reliable homeownership options available today.
This could be further from the truth. In fact, the opposite is increasingly true. Modern prefabricated homes are built to the same structural standards as traditional homes, often with stricter quality standards due to assembly in a controlled facility environment.
Wrong! Lenders in Australia now treat modular and transportable homes much like any other property, especially when they are built to standard building codes and placed on permanent foundations. At Todd Devine Homes, we build all of our pre-fabricated and modular homes in alignment with full Australian standards.
Incorrect. Well-built, modular homes are designed to meet the same durability standards as traditional houses. Because they are constructed to the National Construction Code (NCC) and often include higher-performing materials, many prefab homes are built to last up to 100 years or more with proper maintenance.
Owning a home is within reach with Todd Devine Homes. With a wide range of affordable options available, whether you’re buying your first home or looking for an investment property, there’s a solution to suit your needs.
Curious to see what’s possible? Our display centre is located at 816 Mountain Highway, Bayswater, VIC 3153, and is open Monday to Saturday from 10:00 AM to 4:00 PM.
To get started, contact our sales team on (03) 9720 1686 to request a free quote today.
Todd Devine Homes proudly serves all of Victoria, delivering affordable prefab homes that maximise every square metre without sacrificing comfort or quality.
Talk to our team today. No obligation, just expert advice on your project.
