”Astounding”: No affordable houses for first home buyers in any city

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A recent report published by The Australian Financial Review (23 February 2026) highlights a critical milestone in Australia’s housing market: there are now effectively no affordable houses for first home buyers in any capital city. Entry-level prices in Sydney exceed $1 million, with similar affordability stress evident across Melbourne, Brisbane, Perth and Adelaide.

The article confirms several structural realities:

  • First home buyers can access only a very small fraction of listings
  • Deposit requirements and income thresholds are misaligned with current pricing
  • Demand-side incentives have not restored affordability
  • The core issue is insufficient, cost-efficient housing supply

Strategic Implications

This reinforces the fundamental premise behind AusMod20K: Australia’s housing challenge is not cyclical — it is structural. The market requires industrialised, scalable, compliance-ready housing delivery rather than incremental subsidy programs.

How AusMod20K Responds

The AusMod 20K initiative is structured to deliver up to 20,000 modular homes nationally through:

  • Factory-based production at scale
  • Parallel site and manufacturing processes
  • Standardised, NCC-aligned building systems
  • Cross-border supply-chain integration
  • Volume-driven cost optimisation

Delivery Platform

Aura Modular functions as the execution vehicle — integrating design, certification pathways, manufacturing coordination and on-ground assembly under Australian compliance frameworks (NCC 2022, AS/NZS standards and applicable certification mechanisms).

Why This Matters Now

The AFR findings validate our strategic thesis:

  1. Australia requires accelerated supply.
  2. Traditional construction capacity alone cannot close the gap.
  3. Industrialised modular delivery is moving from alternative option to policy necessity.

This environment creates a timely opportunity for aligned developers, capital partners, manufacturers and government stakeholders to progress structured modular housing programs with urgency.

We recommend progressing detailed engagement discussions where applicable, particularly in relation to pipeline identification, certification strategy, and capital structuring.

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