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Gold Coast-based modular home builder ModnPods recipient of Palaszczuk Government’s Business Investment fund.
Launched in 2016 by American expat John Christie to pursue his commitment for affordable housing, ModnPods are architecturally designed and manufactured on the Gold Coast, Qld.
The investment from the Palaszczuk Government’s $100 million Business Investment fund will enable ModnPods to more than double the size of its Arundel modular manufacturing facilities.
Treasurer and Minister for Trade and Investment Cameron Dick said the investment would fuel ModnPods growth into a range of new markets and help create more than 100 new Queensland jobs over the next three years.
“ModnPods ‘tiny homes’ are so popular that the company is having trouble keeping up with demand,” the Treasurer said.
“With faster completion time, greater flexibility, reduced waste output and lower costs, modular manufacturing is gaining popularity around the world as an alternative to traditional construction methods.
“ModnPods manufactures prefabricated modular pods that can used for a range of applications, including essential worker accommodation, holiday parks, social housing and home offices, incorporating high energy standards which can reduce gas and electricity bills.
“This investment will allow ModnPods to increase their modular manufacturing capacity to around 200 pods per year, increasing the size of their Arundel factory to 6,000 square metres.
“That means ModnPods can diversify its customer base, accelerating its expansion beyond homes and commercial offices into eco-tourism, social housing, First Nations housing, specialist disability accommodation and school music pods.
ModnPods offers six different modular built core products starting in price from under $67,000, and they’ve recently signed deals to provide modular music pods in the education sector and premium pods for holiday accommodation providers.
With 70 percent of each pod’s inputs sourced from Queensland-based suppliers and an emphasis on using recycled and recyclable materials, there’ll be ongoing benefits for Queensland businesses and our environment as ModnPods grows.
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John Christie said the company was also experiencing significant demand from the commercial sector. “Even with our continuing strong residential pod sales, rising demand in the commercial space is seeing our market demand by enterprise clients represent 80 per cent of our forward order business,” Mr Christie said.
“The support of the Queensland Government is enabling us to continue expanding our manufacturing capacity and create more local jobs,” commented ModnPods CEO, Mr Daniel Abrahams.
ModnPods is the fifth investment made from the QIC-managed Business Investment Fund, following deals with Gilmour Space Technologies, Buildsafe, VALD and Skedulo.
ModnPods expect to hire 30 new staff within 12 months and increase their current team of 16 to around 100 over the next three years.
