Space Property Homes today celebrated a major milestone with the official unveiling of its first display home at Kneale Drive, Box Hill North, signalling a year of remarkable growth and growing demand for secondary dwellings across the Whitehorse Council region and suburban Victoria.
The event was attended by local dignitaries, industry partners and community leaders, including Whitehorse City Councillor, Kieran Simpson, who officiated the ribbon-cutting ceremony and remarked, “Whitehorse Council supports a range of housing choices to best meet the needs of our community. Small-second dwellings and projects that support young couples, single individuals and generational families allow additional choice in the community."
Since its official launch in March 2025, Space Property Homes has rapidly emerged as a key innovator in modular housing, helping Victorians reimagine the potential of underutilised land. With over 230,000 Melbourne properties now eligible for secondary dwellings, the company’s modular backyard homes are offering practical, affordable solutions to homeowners seeking both housing flexibility and investment opportunity. In recognition of this commitment, Space Property Homes were earlier this year named winners of the Hong Kong Australia Business Association Award for Importing of Goods & Services, and bringing global capabilities to the Australian market.
“Today’s opening represents more than a new display home; it’s a showcase of what’s possible when innovation meets real community need,” said John Wong, CEO and Founder of Space Property Homes. “We’re proud to be providing a pathway to more accessible living, one that helps homeowners create value and generational wealth, while contributing to a broader solution to Victoria’s housing shortage.”
Australia continues to face an escalating housing crisis. According to the Australian Bureau of Statistics (September 2025), the nation’s housing shortfall has surpassed 310,000 homes, with rental vacancy rates sitting at just 1.1% nationwide. In Victoria, the median house price has risen 7.8% year-on-year, while rental prices in suburban Melbourne have surged nearly 12%, driven by limited new housing supply.
Despite federal and state pledges to build 1.2 million new homes by 2029, government data shows construction is still falling short by nearly 20,000 dwellings per quarter. The demand for small-scale, modular secondary dwellings has therefore surged, as councils and homeowners alike seek faster, more flexible housing solutions.
Space Property Homes’ innovative prefabricated designs can be assembled to lock-up stage in as little as a day and fully completed within a week. This style of prefab construction is unaffected by weather or supply chain delays. The model directly supports government initiatives aimed at boosting housing density without compromising liveability, sustainability or local character.
The new display home in Box Hill North showcases Space Property Homes’ signature approach of combining cutting-edge design, high-quality finishes and smart construction methods that dramatically reduce cost and environmental impact.
“Whitehorse and surrounding suburbs are leading the way in embracing smart, space-efficient housing,” Wong added. “We’re seeing enormous interest from families who want to future-proof their properties and from investors looking to responsibly unlock the value of their unused backyard space.”
As secondary dwellings continue to rise in popularity across suburban Victoria, Space Property Homes is set to expand its network of display sites in 2026, strengthening its commitment to making sustainable, affordable housing a reality for all Australians.
ENDS.