Prefab builders are preparing for an industry boom in 2026 as major banks begin to change their lending models. The Commonwealth Bank of Australia has launched a mortgage specifically tailored for prefab construction.
Similar to Commonwealth Bank's standard building loan, the prefab home loan is disbursed as the house is built, with funds released according to progress. If you choose to work with a manufacturer assessed by Commonwealth Bank, you can get a loan of up to 80% of the building contract price while the house is being built off-site, with the remaining funds released after the house is anchored to the land.
For manufacturers not assessed by Commonwealth Bank, the maximum loan is 60% of the building contract price or 120% of the land value. Crow said builders have already felt growing interest from potential buyers due to these changes.
"This really brings about significant changes and will drive huge growth in the industry," Crow said.
"Contracts are currently being finalized. We've worked through various state legislations and are now in the final review stage, and we hope to bring it to market soon."
