A good foundation.

Do your construction loan prep right.

Buy or build?

Take a look at the pros and cons when you build your own home – including some potential savings.

Building pros and cons

The building contract.

Get to grips with your building contract, and avoid nasty surprises later on.

Know your contract

Know the costs.

Don’t get caught out by the cost of building a new home – check our list of frequently forgotten expenses.

Overlooked costs

Build it up.

Construction loans are a little different to your run-of-the-mill home loan. Here’s a quick snapshot of how they work.

Minimum deposit.

For construction loans, you need to have a deposit that’s at least 20% of your property’s projected value ready to go.

Progress payments.

A construction loan is funded in ‘progress payments’ that cover the costs for each stage of your home. Payments are sent to your builder as each stage of work is completed.


We do a valuation before making the first and final payments. There might be other inspections along the way just to check everything’s still on track.


While construction is underway you’ll only pay the interest on your loan – you won’t be paying down any of the actual loan proper until you’ve completed construction.

Top ups.

You won’t be able to top up your construction loan until your house is finished – so make sure you’ve borrowed enough to cover all your costs.

Keep us in the loop.

Once building is underway, it’s important you let us know right away if there are any changes to your building contract or council-approved plans.

Getting your loan.

How to choose your loan and nail the application.

Apply right.

Do your prep right and take the heartache out of loan application.

Ace your application

Get approved.

All prepped? Time to get your loan underway.

Talk home loans

Get underway.

Track your funding stages and other requirements with our construction loan fact sheet.

Build it up

Contact us.


Got home loan questions? Give us a call and we’ll help you out.

13 15 63


Our home loan specialists come to you – and you choose the time and place.

Talk home loans


Just leave your details and we’ll be in touch to talk home loans.

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The legal stuff.

The legal stuff.

Terms, conditions, fees and charges apply. Applications are subject to credit approval.