Finance Hub
Construction Loans
Financing a build works differently from buying an existing home. We introduce you to independent, licensed brokers who understand progressive drawdowns and the paperwork a construction loan involves.
Progressive drawdowns
A construction loan is usually released in stages that line up with your builder's progress — slab, frame, lock-up, fit-out, and completion. You generally only pay interest on the funds drawn so far, which can ease cash flow during the build.
Because the lender releases money in stages, they will want to see your fixed-price building contract, plans, and permits before approving the loan.
What lenders look for
Lenders assess both you and the project. They consider your borrowing capacity as usual, but also the builder's credentials and the projected end value of the finished property. A broker experienced in construction lending can help you present a clean, complete application.
Our part
We are a referral service, not a lender. We connect you with independent, licensed brokers who arrange construction finance, so the credit advice always comes from a qualified professional.
Related reading
- Finance and lending introductions — meet brokers experienced with progress-payment lending.
- House and land packages — the property type most often funded with construction loans.
Frequently asked questions
Do I pay full repayments during construction?
During the build you often pay interest only on the amount drawn down so far, with full repayments starting once the loan is fully advanced. Your broker will confirm how a specific lender handles this.
What documents does a construction loan need?
Lenders typically want your fixed-price building contract, council-approved plans, and permits. A broker can give you a full checklist before you apply.