Construction Loans
If you’re planning to build a new home, knock down and rebuild, or undertake a major renovation – a standard home loan won’t cut it. Construction projects have unique financing needs, and getting the wrong loan structure from the start can create serious headaches before a single brick is laid.
Types of construction loans.
Construction loans are specifically designed to fund a build in stages, releasing funds progressively as your project hits key milestones – rather than handing over a lump sum upfront.
It’s a smarter way to borrow for a build, but it comes with its own set of requirements, timelines, and considerations.
Which lender is right for your project?
How do progress payments work?
What happens if your build runs over time or over budget?
We’re here to answer those questions.
Building a new home
Ready to build your dream home from the ground up? There’s nothing quite like the excitement of creating a space that’s designed exactly the way you want it. But building is rarely without its challenges, and having the right loan structure in place before you start makes all the difference.
We’ll help you understand how construction loan drawdowns work, what each stage of the build requires from a finance perspective, and how to structure your loan so you’re only paying interest on the funds you’ve actually drawn – keeping your costs down throughout the build.
Owner builder loans
Taking on the role of owner builder? It’s an ambitious undertaking that can save you significantly on construction costs – but it also requires a specialist approach to financing. Most mainstream lenders won’t touch owner builder projects, which makes finding the right lender critical.
We work with lenders who specifically accommodate owner builder applications. We’ll help you understand their requirements, assist with the documentation needed, and structure a loan that supports your project without unnecessary restrictions.
Renovation and major works loans
Planning a substantial renovation – such as an extension, second storey addition, or complete structural overhaul? Depending on the scope, a construction loan may be more appropriate than a standard personal or home loan, giving you staged access to funds as the work progresses.
We’ll assess the nature of your project, help you determine the right loan product for the scale of works involved, and find the most competitive option so your renovation doesn’t cost more than it needs to.
Construction loans for investment properties
Building an investment property rather than a home to live in? The fundamentals of construction lending still apply, but the loan structure, tax considerations, and lender appetite can differ when the end goal is an income-producing asset.
We’ll take your investment strategy into account when assessing loan options, help you structure the facility in a way that maximises your position as an investor, and find the right lender for your specific project type and location.
Transitioning from construction to a standard home loan
Once your build is complete, your construction loan will typically need to convert to a standard home loan. This is an important moment to make sure you’re moving onto the most competitive product available – not just defaulting to whatever your current lender offers.
We’ll manage the transition from construction to ongoing loan seamlessly, reassess the market at completion to make sure you’re on the best possible rate, and handle all the paperwork so the changeover is as smooth as possible.
In Practice.
Speedy turnaround times.
The property market waits for no-one. That’s why we offer speedy turnaround times, so you won’t miss out on the perfect opportunity.
Huge range of flexible loan options.
Our broad range of flexible loan opportunities comes from access to over 50 lenders. It means we can find the right solution for whatever type of loan you need.
Support when you need it most.
When it comes to property, we’ve seen and done it all. That’s what makes us so well-equipped to guide you through the process and do whatever it takes to make your experience a positive one.
Empowering you to make confident decisions.
Whether you’re buying, building, or refinancing, we’ll guide you through the process and find you the best-fit loan so you can move forward with confidence.