NXT TEC. Ltd

As the Reserve Bank of Australia meets to discuss potential interest rate cuts, new research from the Productivity Commission revealed concerning trends characterising Australia’s housing sector, with the impact being felt across affordability and construction productivity. Key findings include: - Slower Construction: Australia is building half as many homes per hour worked as it did in 1995, with build times increasing dramatically in the last decade. Detached houses are taking 10.4 months to complete, up from 6.4 months. Townhouses and apartment blocks face even longer delays. - Declining Productivity: Productivity in housing construction has fallen by 12% over the past 30 years, while productivity in other sectors has surged by 49%. - Innovation Lag: Despite advancements in construction technologies, the sector has been slow to embrace innovation, from advanced building techniques to prefabrication. Attributing these findings to the complex, slow approval process, Productivity Commission chair Danielle Wood says cutting back on unnecessary regulation could improve productivity in home building and in turn increase the supply of homes, relieving pressure on the housing market – regardless of interest rates or costs. Further, Master Builders Australia CEO, Denita Wawn, also urges all levels of governments to address outdated regulations and encourage builders to adopt modern construction methods and resolve the housing crisis. These findings lie at the core of NXT TEC. Ltd’s building technology, which was designed to improve the efficiency of traditional construction processes with techniques involving prefabrication. NXT TEC. Ltd encourages businesses to take up innovative construction methods which can help to alleviate pressure on the housing sector. We’ve already demonstrated the efficiency and speed of the NXT® Building System, which brought a house to lock up in four days, and practical completion in five weeks. #NXTTEC #Housingcrisis #Housingsector #Innovation #Buildingtechnology NXT Builds Pty Ltd

Last week, the Woodbridge Project was featured in National Indigenous Times, as the residential housing complex for Aboriginal Elders was granted Development Approval. The 11-unit housing complex supports Noongar Mia Mia’s goal of providing homes for Elders facing financial and housing stress, and is a significant step forward to ensuring these people have access to quality housing that reflects their dignity and heritage. Comprised of seven two-bedroom and four studio units, the units will be delivered using the NXT® Building System, revolutionising housing standards for Aboriginal Elders. The two-bedroom units will feature open-plan living, a double-height void, and a second bedroom on the upper level designed to accommodate carers. We are looking forward to seeing the project through to completion, and the positive impact it will have on the Indigenous community. Read more about the Woodbridge Project here: https://lnkd.in/g_jBDanT Credits: National Indigenous Times, David Prestipino #NoongarMiaMia #NXTTEC #HousingSolutions #WoodbridgeProject NXT Builds Pty Ltd

We are delighted to share that NXT TEC. Ltd and Noongar Mia Mia have been featured in Business News. We are so pleased to have reached this key milestone for the Woodbridge Project and are looking forward to collaborating with Noongar Mia Mia to see this residential housing complex provide culturally safe and quality housing for Aboriginal Elders. Read more about the Woodbridge Project here: https://lnkd.in/gf79HCes Credits: Business News, Sam Jones Image Credit: Michael O’Brien #NoongarMiaMia #NXTTEC #HousingSolutions #WoodbridgeProject NXT Builds Pty Ltd

We are delighted to share we have been featured in The West Australian’s Property section today, 12 February 2025. Together with Noongar Mia Mia, NXT TEC. Ltd is pleased to announce Development Approval has been granted for the Woodbridge Project, a residential housing complex for Aboriginal elders. Built utilising the NXT® Building System, the Woodbridge Project will revolutionise housing standards for Aboriginal Elders and their carers by providing secure, quality housing for elders who would otherwise not have access to culturally safe housing. The 11-unit housing complex will be comprised of 7 two-bedroom units, and 4 studio units. All units meet the Liveable Housing Gold Standards for accessibility, and are specifically tailored to support elderly residents. Read more about the Woodbridge Project in the West Australian here: https://lnkd.in/gJenJ-Y2 Credits: The West Australian, Kim Macdonald #NoongarMiaMia #NXTTEC #HousingSolutions #WoodbridgeProject

In a major step towards making home ownership more accessible, Commonwealth Bank has announced that it will be simplifying the financing process for prefabricated homes, providing progress payments of up to 60% of construction costs. This move will not only make prefabricated homes more affordable for buyers, but helps speed up home construction process to meet the government’s goal of 1.2 million new homes by 2030. View The Australian article here: https://lnkd.in/gS3SBbc4 As a building technology company dedicated to providing innovative solutions for the housing market, we’re thrilled to see modern construction methods being embraced as a viable solution to Australia’s housing crisis. By removing traditional barriers to prefabricated homes such as high upfront costs, this move marks a pivotal moment for modern construction in transforming how new homes are financed and will pave the way for more homes to be delivered faster and more efficiently with these methods. Watch our video below of our recent home build, using the NXT® Building System. Video Credit: Skie Video #nxttec #innovation #housingcrisis #buildingtechnology #precasthomes

Last week, Prime Minister Anthony Albanese announced one of his first election pledges, promising a $626 million commitment to support apprentices with a $10,000 incentive. Recognising a severe shortage of skilled workers, the promise aims to retain tradespeople within the construction industry where financial pressures are crippling and push tradespeople out of apprenticeships. It seeks to encourage young people to pursue careers in the trades as Australia continues towards its ambitious housing target. While the initiative follows concerning figures released by the ABS demonstrating how far Australia is falling short of the housing goal to build 1.2 million homes by 2030, industry leaders remain sceptical of the practical impact the incentive will have in boosting housing supply in Australia and easing the housing crisis, noting that the chronic labour shortage is only one aspect of the wider problem. The NXT® Building System addresses various aspects of the wider problem with its innovation, speed and efficiency. Set apart from traditional construction methods, the technology not only cuts out the need for a large number of labourers, but also does not require scaffolding or welding onsite, significantly improving site safety. The NXT® Building System is also well-suited to being assembled in challenging build conditions, including on clay soils, within earthquake-prone zones, during wet weather and on sites with limited access. Tradies will be equipped with the right technology to not only tackle the pressures of the housing goal removing the chronic shortage of labour, but also enable Australia to meet the ambitious housing goal set by the federal government. Image Credit: Charlie Octavia #nxttec #innovation #housingsupply #labourshortage #nationalhousingplan NXT Builds Pty Ltd

Australia is facing a major setback in meeting its ambitious five-year housing goals, with official data from the ABS showing the country is already over 15,000 homes behind target just three months into the National Housing Accord. According to the data, the pace of new construction – which saw 43,247 homes built in the first quarter – puts us on track to fall short by as many as 250,000 homes over the next five years. Key issues contributing to this shortfall include a lack of investment in apartments, rising building costs which has surged 44.1% in the last five years, and red tape and taxes. To hit the target, Australia requires urgent reform from streamlined regulations, to improved tax structures, and a focus on boosting the skilled workforce as well as leveraging construction methods. NXT TEC. Ltd is ready to tackle Australia’s housing crisis and boost the speed of construction with the NXT® Building System which enables faster construction that doesn’t compromise on the quality of homes. The technology, which is available for licensing, has proven to bring homes to lock-up in just four days, and practical completion within five weeks. Video Credit: Skie Video #nxttec #Buildingtechnology #Innovation #HousingCrisis #NationalHousingAccord

As Western Australia pushes to grow its regional workforce, one critical issue remain: housing. According to The AFR, while the state government has committed $145 million to build new homes for essential workers, and the opposition has pledged $100 million for housing infrastructure, regional and local leaders are stressing the need not just for a boost in quantity of housing supply but also quality of housing. They argue that poor housing conditions are making it difficult to attract and retain workers, especially in key sectors such as policing and education. Read article here: https://lnkd.in/gZi5jq6K As demonstrated by the completion of the first display home under the Anketell project, the NXT® Building System is not just fast, but ensures green building that doesn’t compromise the quality of the home. Reaching a NatHERS energy rating of 7.8 stars, the display home was able to reach practical completion in just five weeks, being built by locally sourced, precast materials, manufactured and delivered from a casting facility nearby. NXT TEC. Ltd is already boosting housing supply in the City of Kwinana through the Anketell Project, which will see more than 400 homes delivered with the NXT® Building System. Image Credit: Charlie Octavia #NXTTEC #NXTBuildingSystem #HousingCrisis #WARegionalDevelopment #Innovation

Technology is now the primary driver of change and disruption for businesses, and those who don’t capitalise on this will get left behind. That’s the premise behind ‘Industries in the Intelligent Age’ - one of the key themes at the World Economic Forum’s Davos conference which kicks off this week. At NXT TEC. Ltd, we couldn’t agree more. Especially as countries around the world, including Australia, continue to face a severe housing shortage, we believe that new solutions, built on innovative technology, are the only way to fix the shortage. That’s why we developed the NXT® Building System. Capable of bringing a home to lock up in four days, and completion in five weeks, NXT® homes are not only a fast, high-quality solution, but are more sustainable and affordable. We recently launched our brand-new NXT® Display Home at Treeby Park Estate in the City of Kwinana. Take a look at it here: https://lnkd.in/gn2TSzJ7 Video Credit: Skie Video #nxttec #BuildingSolutions #housingcrisis #proptech #Davos20255 NXT Builds Pty Ltd

In a bold move to address Western Australia’s housing crisis, NXT TEC. Ltd and NXT Builds Pty Ltd officially launched a transformative residential development in Anketell on 10 December 2024, within the City of Kwinana. This project represents a significant milestone in the company’s efforts to revolutionise the housing market, combining innovation, quality, sustainability, and speed in an unprecedented way.   Special thanks to The Hon. Madeleine King, Minister for Resources, Minister for Northern Australia, and Member of Parliament for Brand, Mayor Peter Feasey, Dr Leonard Collard, our valued suppliers and consultants, and our incredible team. We were delighted to also welcome representatives from DevelopmentWA, Urban Development Institute of Australia (WA), Housing Industry Association (HIA), Master Builders Association of Western Australia, City of Kwinana Local Government Officials, Uniting, Anglicare WA and Communicare. #NXTTEC #FutureOfHousing #BuildingTechnology #InnovationInConstruction #NXTBuildingSystem #NXTFutureHomes Video Credit: Skie Video Watch our full video below.