On Thursday, 10 April 2025, Space Property unveiled its ambitious vision for Australia’s housing future at an exclusive launch event. Hosted at the bespoke showroom and warehouse in Sunshine West, Victoria, the occasion brought together 80 esteemed guests, including industry leaders, local dignitaries and key stakeholders. Among the distinguished attendees was Cr Thuy Dang, Mayor of Brimbank City Council, who highlighted the significance of Space Property’s mission in her keynote address.
“In today’s ever-changing world, the need for innovative housing has never been more important,” says Mayor Dang. “Brimbank, with its dynamic mix of diverse cultures, young families, and hardworking individuals, needs housing solutions that meet its needs.
”Affordable, sustainable, and well-designed homes like Space Property will ensure that our future residents can live comfortably, in places with easy access to public transport, education, and employment opportunities”, she says.
Positioned at the forefront of the prefab modular housing industry, Space Property aims to address Australia’s housing affordability crisis through cutting-edge design, advanced technology, and streamlined construction processes. The company leverages unique partnerships with international manufacturers to deliver premium modular housing solutions that meet Australian standards at a fraction of the cost and time of traditional builds. Our homes are designed to be constructed on-site in just one week, with the ability to reach lock-up stage within a single day - completely unaffected by weather conditions.
John Wong, CEO and Founder of Space Property, expressed his gratitude to attendees and shared his vision for the company. “Space Property is more than a housing solution - it’s a movement toward smarter, more accessible living. Our goal is to transform underutilised backyard spaces into vibrant, affordable homes, enabling Australians to embrace a more sustainable and prosperous future. With the support of visionary partners and communities, we’re setting a new standard for what housing can be.”
The event featured a curated showcase of Space Property’s pioneering projects, providing guests with an exclusive first look at the company’s innovative designs and technological advancements. Attendees engaged in meaningful discussions about the role of modular housing in alleviating the nation’s record-low rental vacancy rates of 1.1% and improving housing equity for Australian families.
Space Property’s solutions not only reduce barriers to home ownership but also provide homeowners with opportunities to generate significant investment returns. Research reveals that secondary dwellings increase property equity by an average of 32% and deliver rental yields as high as 20%, compared to the national average of 3.7% (CoreLogic Australia, January 2025).
Homelessness continues to rise across Australia, with over 24,000 Victorians currently without stable accommodation. Despite government pledges to build an additional 1.2 million homes over five years, recent data indicates that only about 43,000 houses are being built per quarter - we are about 20,000 houses short of meeting that quarterly target. The Victorian housing crisis demands immediate, tangible solutions and Space Property is ready to step in where traditional construction methods have fallen short.
By leveraging innovative modular construction techniques, Space Property offers a scalable, cost-effective approach that can help bridge the gap between policy promises and actionable results. This modular product aligns perfectly with the government’s goals, enabling faster delivery of housing stock and empowering communities to address homelessness at its core.
“This is just the beginning,” Mr. Wong added. “Our vision is to inspire a housing revolution, empowering Australians to live better, brighter and more connected lives. Together, we’re building a future where everyone has access to a place they’re proud to call home.”
The timing of Space Property’s launch aligns with progressive changes in legislation, such as the Victorian government’s removal of planning permit requirements for granny flats. This strategic positioning allows the company to capitalise on a growing market, with over 229,000 Melbourne properties now eligible for secondary dwellings.
ENDS.
