A Melbourne manufacturer has revolutionised the housing construction process with a system that can build three-bedroom homes in just a few hours for as little as $75,000.

The super-fast building system uses large panels that slot into place to create air and water-tight dwellings complete with vaulted ceilings. The panels are made from bonded scrap wood chips with inbuilt polystyrene insulation.

WATCH THE VIDEO ABOVE: Super-fast houses now being built in Australia.

“This is a 70sqm house, makes it feel a lot more spacious,” said James Coghlan from the manufacturing company.

Coghlan believes Australia has been slow to adopt the technology.

“I think Australia’s been lagging behind quite substantially. This has been something that’s been going on in the northern hemisphere since World

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