Build the home you actually want
Construction loans release money in stages as your builder works, and you only pay interest on what's drawn. We line up the loan, the grant and the progress payments.
Is this you?
- Building a new home on land you own or are buying
- House-and-land packages in new estates
- Knockdown rebuilds
- Granny flats and major renovations
What you should know
Home Loan Repayment Calculator
Work out monthly, fortnightly or weekly repayments for principal and interest or interest-only loans, and see your balance fall over time.
Open calculatorFigures current as at October 2026. Scheme rules and caps change; we confirm them for your situation.
Our process
Check the budget
Land, build contract, site costs and a contingency.
Approve the loan
Lender reviews your fixed-price contract and plans.
Progress payments
Funds released at slab, frame, lock-up, fixing and completion.
Move in
Loan converts to a standard home loan.
Frequently asked
Can I build with a 5% deposit?
Yes, through the 5% Deposit Scheme with a participating lender that offers construction loans.
What if my build goes over budget?
Variations usually need to be paid in cash or re-approved, so we build in a contingency.
When do I start paying principal?
Usually after practical completion.
Related articles
Offset Account vs Redraw: What's the Difference?
Offset accounts and redraw facilities both reduce interest, but they work differently. Compare access, tax impact for investors, and which suits you.
How an Offset Account Can Save You Thousands (With Real Numbers)
See how much an offset account could save you in interest and years off your loan, with worked examples at 2026 interest rates.
How Much Do Extra Home Loan Repayments Really Save?
An extra $100, $200 or $500 a month can take years off your mortgage. See the real savings at 2026 rates, plus when extra repayments aren't the best move.
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