Building from scratch? Fund it stage by stage.
Construction loans release money as your build progresses, so you only pay interest on what’s been drawn. Set up right, you’re never out of pocket waiting on the bank.
Slab, frame, lockup, fit-out, completion. The lender pays your builder at each one.
How construction lending actually works.
It’s a different animal from a normal home loan. These are the moving parts we manage for you.
Progressive drawdowns
The loan is released in stages matched to your building contract, and you’re only charged interest on what’s drawn.
Interest-only while you build
During construction you typically pay interest only, keeping costs down while you’re also paying rent elsewhere.
Land and build together
Buying land first? We’ll structure the land loan so the construction loan slots in cleanly when plans are ready.
Fixed-price contracts
Lenders love fixed-price building contracts. We’ll flag anything in yours that could slow approval before it does.
From plans to handover, here’s how it goes.
Plans and numbers
We review your contract, plans and deposit, and work out the full funding picture including contingency.
Approval and valuation
The lender values the completed build off the plans. We manage the quirks so approval lands smoothly.
Stage payments
We coordinate each progress payment so your builder is paid on time and the site never stalls.
Completion
At handover the loan converts to a standard mortgage, and we make sure it’s on the right rate from day one.
What locals say on Google.
Construction questions we hear all the time.
How is a construction loan different from a normal loan?+
It’s drawn down in stages as the build progresses rather than in one lump sum, with interest-only payments during construction. At completion it becomes a regular home loan.
What deposit do I need to build?+
Similar to buying established, often 5–20% depending on the lender and schemes you qualify for. First home buyers building new can stack the FHOG on top.
What if my build goes over budget?+
Variations are common, so we build contingency into the loan from the start. Mid-build increases are possible but slower, so planning ahead beats asking later.
Can I be an owner-builder?+
Some lenders allow it with a lower loan-to-value ratio and more scrutiny. If you’re licensed or experienced, we’ll find the lenders who’ll back you.
Got plans on the table? Let’s fund the build.
Bring your contract and plans, and we’ll map the whole funding journey from slab to settlement.
Or skip all of this and call James directly on 0405 069 441.