Build & Renovate

Construction Loans

Finance your dream build or major renovation with construction loan solutions. Progress payments, land and build packages, and knock-down rebuild financing.

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Build Your Dream Home

Construction loans work differently to standard home loans. Funds are released progressively as your build reaches key milestones, rather than as a single lump sum.

Whether you're building your first home, knocking down and rebuilding, or undertaking major renovations, we'll structure your construction finance to make the process as smooth as possible.

Progress payment management aligned with build stages

Interest-only during construction to minimize costs

Land and build package financing

Knock-down rebuild solutions

6-12 Months

Typical construction timeframe for new builds

5-6 Stages

Progressive payment milestones throughout build

Interest-Only Option

Pay only interest during construction

Flexible Solutions

Tailored to your build requirements

Construction Loan Options

Different construction scenarios require different loan structures

Land & Build Packages

Purchase land and finance construction in a single loan package. Perfect for house and land packages from developers.

  • Single loan for land and construction
  • Streamlined approval process
  • Interest-only during construction

Knock-Down Rebuild

Demolish your existing home and build a new one on the same block. Use equity to fund the project.

  • Use existing property equity
  • Stay in same location you love
  • Build to your specifications

Owner Builder Loans

Managing the build yourself? We can arrange finance for owner-builders with suitable lenders.

  • Progress payments for each trade
  • Specialist lender panel
  • Owner-builder insurance required

Major Renovations

Finance significant home improvements or extensions with renovation construction loans.

  • Extensions and second stories
  • Major structural changes
  • Progress payment structure

Spec Builds (Investors)

Build investment properties to sell or hold. Specialized finance for property developers and investors.

  • Build for investment purposes
  • Interest-only during construction
  • Tax-effective structuring

Off-the-Plan Purchases

Buying a property before it's built? We structure finance to align with the developer's construction timeline.

  • Apartment and townhouse developments
  • Sunset clause protection advice
  • Settlement timing management

How Construction Progress Payments Work

Funds are released at key construction milestones

1

Base

Slab or base preparation completed

10%

2

Frame

Structural frame erected and roof on

25%

3

Lock-Up

Windows and doors installed, building secure

25%

4

Fixing

Plumbing, electrical, plastering complete

15%

5

Practical

Construction complete, ready to occupy

20%

6

Final

All defects fixed, final inspection passed

5%

Note: Progress payment stages and percentages vary by builder and contract. We coordinate with your builder to ensure smooth payment releases.

What You'll Need for a Construction Loan

Required Documentation

  • Detailed building contract with fixed price
  • Building plans and specifications
  • Council approval or DA (Development Application)
  • Builder's insurance and warranty documentation
  • Land valuation (for land and build)
  • Your standard financial documents (income, ID, etc.)

Typical Requirements

  • Minimum 10-20% deposit (including cost to build)
  • Licensed builder with appropriate insurance
  • Fixed-price building contract required
  • Construction must start within 12 months
  • Maximum loan-to-value ratio of 80-90%

Ready to Start Your Build?

Book a free consultation to discuss your construction project and explore your financing options.

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