Episode Details

Wesfarmers, the retail giant behind Bunnings and Kmart, has entered the housing market with a 50/50 joint venture called Built Living, in partnership with Built Group. They plan to build apartments 50% faster and 20% cheaper using advanced manufacturing techniques. The venture kicks off with a $100 million investment from Wesfarmers to construct Australias first precast concrete factory for mid and high-rise units in Western Australia. The project aims to produce over 2,000 apartments per year, starting in the second half of 2026, and could expand to other states if successful. The Western Australian government is supporting the project with a long-term land lease and backing for social housing projects.

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