This article is from the Australian Property Journal archive
THE Queensland government has awarded Perth-founded Fleetwood the contract to design and build homes, as part of its Homes for Queenslanders plan amidst the ongoing housing crisis.
The contract will result in around $40 million in revenue for Fleetwood in FY25, with the group to use its manufacturing facility in Queensland to deliver 60 new homes.
“Fleetwood is delighted to be playing a key role in the Queensland Government’s response to providing efficient and sustainable housing solutions to regional and remote areas of Queensland,” said Bruce Nicholson, managing director and CEO at Bruce Nicholson.
“The award aligns with Fleetwood’s strategy of growing in the social housing sector by working closely with State Governments, community housing providers and private developers.”
The Queensland government’s Homes for Queenslanders is a five-pillar plan that will see a further $3.1 billion invested into addressing the state’s housing crisis, including for the delivery of 600 modular homes.
Modular construction could play a significant role in addressing the housing crisis, being 50% faster in the build process than traditional construction at a minimum, according to Fleetwood.
Fleetwood previously reported to having the capacity to deliver up to 1,500 new homes annually, with seven factories across the country.
“While the Company has been successfully supplying limited quantities of homes into this sector for some time, the award of this larger package positions Fleetwood to display our capability to play a part in solving the critical housing shortage nationally,” added Nicholson.
“We are confident this contract award will bode well for the opportunity to take part in subsequent awards of homes.”
