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Factory-built dwellings combine a two-week installation program with financing options, ahead of a planned expansion onto institutional land.
LJ Hooker chairman Janusz Hooker has launched OHOME, a modular housing venture combining offshore manufacturing, site assessment and financing to deliver secondary dwellings on existing residential land.
The company advertises delivery around 150 days from order, including approximately two weeks of site work. Its initial rollout targets backyard housing, with a further phase planned for higher-density accommodation on institutional sites.
“OHOME has the answer to planning, capital and construction. To complete the circle it needs land, and one million Australians are sitting on it,” Hooker said.
Distributed through LJ Hooker, OHOME uses 20 m² living and service modules to create configurations ranging from a standalone studio to a three-bedroom dwelling.
Advertised installed prices range from $104,000–$154,000 for the 20 m² studio, $174,000–$224,000 for the 40 m² one-bedroom home, $224,000–$274,000 for the 60 m² two-bedroom model, and $274,000–$324,000 for the 80 m² three-bedroom version.
These figures include delivery and installation allowances of $25,000–$75,000, covering transport, cranage, footings, service connections, council coordination and standard approval fees. OHOME says the final price is fixed following a site assessment.
The modules are manufactured by Scandinavian Industrialised Building Systems at its factory in Penang, Malaysia.
OHOME describes a structural steel construction system, with completed modules craned onto a prepared steel foundation frame without a concrete slab. Kitchens, bathrooms, furniture, appliances and the company’s operating system are installed before delivery.
The company advertises 237 factory quality checks, a seven-star energy rating and a 10-year structural warranty.
Financing backyard housing and institutional expansion
Financing is central to the offer. Advertised pathways include construction loans covering up to 95 per cent of the installed cost, subject to bank approval, and equity release loans covering up to 100 per cent.
A deferred ownership option requires a $5,000 deposit without a loan. OHOME funds the dwelling, with rental income shared until an agreed amount is reached and ownership transfers to the landowner. Detailed terms and eligibility are available on request.
Hooker says a second phase will apply the industrialised construction model to larger housing developments.
“Wave Two will fast follow, and it is not backyards,” he said.
Potential sites include land held by governments, universities, health and aged-care providers, faith-based and First Nations organisations, and real estate investment trusts.
Hooker identifies superannuation funds, insurers and banks as potential capital sources. The proposed expansion would take OHOME beyond individual secondary dwellings, although the supplied material does not identify committed institutional projects or a timetable for their delivery.
Find OHOME HERE
