Construction loans
A loan that draws down as the build progresses.
Turnkey vs progress payments, fixed price vs cost-plus, stage drawdowns, Code Compliance — the bits builders explain badly, we explain properly.
Talk to us
The two paths
Turnkey or progress payments.
Turnkey
Fixed price. One drawdown at completion. You move in, the loan starts behaving like a normal home loan. Lowest risk path to a new build.
Suits: people who want a new build without the project management.
Progress payments
Build is broken into stages (foundation, frame, lock-up, fit-out, completion). The bank pays the builder at each stage as work is signed off.
Suits: section + build packages, custom builds, anyone who wants more control over the project.
FAQs
Construction loan questions.
Building soon?
Talk to us before you sign anything.
Construction loans have more moving parts than a standard home loan. Getting the structure right at the start saves headaches at every stage.
