Mirvac launches landmark trial building modular homes in record time

Australian developer Mirvac launched a landmark modular housing trial in Sydney's Cobbitty suburb, building a five-bedroom home in hours rather than weeks. The factory-built property costs around $650,000, approximately 10 percent more than traditional construction, but reduces waste by 60 percent through precision manufacturing. New legislation aims to streamline approvals and lower costs as the modular construction method gains traction.

Summary by Glance · 7 News