Prefab Home Financing in Australia Is Finally Catching Up
If you’ve ever looked into buying a prefab tiny home or granny flats, you’ve probably hit one major roadblock; financing. Until recently, most major banks in Australia wouldn’t provide loans for prefabricated or modular builds, especially before the structure was affixed to land. That left many potential buyers stuck, despite growing demand for flexible, sustainable living options.
But that’s changing.
Commonwealth Bank of Australia (CBA) now offers financing for prefab homes — including Elsewhere Pods — making it easier to own a tiny house or granny flats. Whether you're buying a 2.7m backyard retreat, a 6m office pod, a luxury tiny home, or a 3BR double-storey modular mansion, financing is now within reach.
What Financing Options Are Available?
1. CBA Prefab Home Loans
CBA is now one of the first major banks to back prefab construction financing, offering:
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Up to 120% of land value (less any land debt), or
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Up to 60% of the build contract price (whichever is lower)
Importantly, funds are available before the pod is installed, helping you avoid upfront out-of-pocket costs.
This is a game-changer for buyers who want to move quickly but were previously blocked by traditional lending rules.
2. Great Escape Finance
We also work with Great Escape Finance, a specialist provider offering tailored loan solutions for prefab and off-grid builds. They understand the nuances of financing alternative housing including for properties that are rural, off-grid, or non-standard.
Why Financing Prefab Tiny Homes Matters
With rising interest in modular tiny homes, granny flats, and DIY backyard pods, giving Australians better access to financing is critical. It unlocks a new category of low-impact, highly flexible living without the timeline, cost, or stress of a traditional build.
What to Consider Before Applying
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Land must be owned outright or have sufficient equity
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Approval is case-by-case, depending on location and usage
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Check whether your pod size requires a permit (under 10m² often doesn’t)
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You may still need site prep and utility connections (if required)
🏁 Ready to Explore Financing?
Whether you're dreaming of a cabin in the bush or a granny flat out the back, we can help you find the right funding pathway.
👉 [Talk to us about financing options]