If you’re planning to build a new home in Melbourne, you’re probably already asking the big question: how much is it going to cost me, and what’s the smartest way to do it?

You’re not alone. With land prices on the rise and timelines blowing out, more and more Victorians are rethinking the traditional building process and searching for a better way to bring their new home to life.

That’s where modular construction steps in...

At Anchor Homes, we’ve helped clients all across Victoria and beyond build their dream homes faster, with more certainty, and without sacrificing design, quality, or flexibility. If you’re comparing options or just starting out, here’s what you need to know about the cost of building a modular home in Melbourne.

The Smarter Way to Build in 2025

Modular construction is one of the fastest-growing building methods in Australia, and for good reason.

Unlike the traditional on-site building process, which is often delayed by weather, labour shortages and red tape, modular homes are built off-site in a controlled environment, then delivered and installed on your land. It’s faster, more predictable, and just as high-quality as a traditional build.

With over 20 years of experience, a smarter construction method, and an experienced in-house design team, we deliver high-quality, turnkey homes, ready to move in. Please note we do not build pods, tiny homes, or extension projects.

How Much Does It Cost to Build a Modular Home with Anchor Homes?

Every prefab modular home project is different, but we strive to make our pricing as clear and transparent as possible. Our modular homes are priced based on two main components:

1. Base Price

This is the starting price for your chosen design, and it includes:

• Our high-quality standard inclusions

• Delivery of the home to your site (unlike many modular builders, we include this as standard!)

To view our base prices for all of our standard designs, download our price list below.

2. Project-Specific Costs (applicable to every project)

No two homes or blocks are the same. These additional costs are calculated based on your individual site conditions and personal design choices. They may include:

• Planning and pre-construction services
• Site preparation and craning
• Service connections (power, water, sewer)
• Bushfire/wind rating compliance
• Optional upgrades to finishes or fixtures

Modular Home Prices in Melbourne

At Anchor Homes, our projects range from two-bedroom homes starting at $350,000, right through to large architect-designed homes approaching $1,500,000.

Why More Victorian's Are Switching to Modular

Let’s be clear: modular homes aren’t a budget alternative - they’re a smarter construction method. You still get the same end result: a stunning, high-quality home, fully customised to your needs. But with modular, you get it faster, with more control, and less stress.

Here’s what sets Anchor Homes apart:

• Premium materials from trusted suppliers (e.g. Weathertex, Colorbond, Caesarstone etc.)

• Built to the same codes and standards as traditional homes

• Constructed in a quality-controlled facility in Victoria, not on a building site

• 14–20 week build time from the start of construction (project specific)

Even major banks like the Commonwealth Bank of Australia are now backing modular construction, offering home loan solutions that reflect the method’s rising demand and long-term value.

Design Flexibility, Without the Guesswork

Your home should suit your lifestyle, your block, and your budget. That’s why we offer three flexible design pathways to choose from:

1. Standard: Choose from our standard design range
2. Modified: Modify one of our existing standard plans
3. Custom: Work with our in-house architect to create a custom home

We've built numerous prefab home designs for clients across Victoria, including a wide range of homes in metro and regional areas. If you're looking for inspiration, visit our projects page to explore some of our recently completed homes.

Hear from Anchor Homes Clients 

"A fantastic experience from start to finish. Their designs are modern and have real curb appeal... we were ecstatic with the end result."
— Larry & Angela, Rye, Victoria. (Google Review)

"We have just moved into our Anchor home and could not be happier... The process was smooth and exciting. We felt really taken care of.”
— Emily & Tomas, Monbulk, Victoria. (Google Review)

"Why would you build when you can have a stunning home in half the time? Everything was done for us - we cannot speak highly enough of Anchor Homes."
— Ivelin & Lynette, Clunes, Victoria. (Google Review)

FAQs About Modular Home Costs

Are modular homes cheaper than traditional homes?
Not necessarily - but they can offer more value. The cost is comparable to a high-quality traditional build, but you benefit from significantly faster timelines, less risk, and greater efficiency.

Can I get finance for a modular home?
Yes. Lenders including the Commonwealth Bank now provide home loans for modular builds.

What’s included in your base price?
Our base prices include standard finishes, fixtures, and delivery. You can see everything included on our standard inclusions page.

How long does it take to build a modular home?
Once construction begins, most homes are ready to move into in 14–20 weeks (project specific). Pre-construction timelines vary depending on council approvals and customisation level. View our process page for information about timeframes. 

Ready to Build Your New Home in Melbourne?

If you’re ready to build smarter, Anchor Homes can help you get there faster with no surprises, no delays, and a stunning result. Contact us today to get started on building your dream home.