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About Construction Home Loans

The main feature of our construction mortgage is that you can stagger the drawdowns of the various parts of your loan to correspond with the stage of development that your property is at.

After construction is complete, your loan will automatically revert to a standard variable rate home loan.

This type of loan is available to for both registered builders and owner-builders. So, you can finally make the dream of building your dream home a reality!

Compare your construction loan options below.


  • Funds will be paid to you in drawdowns ensuring you only pay interest on the portion of the mortgage you have used.

  • Option to make interest only payments for the land portion prior to and during the construction process

  • You have up to 24 months to complete construction after settlement of land giving you the chance to plan things out

  • The loan may be split between two accounts after construction is complete to identify personal and investment debt.


  • If you're an owner-builder then the maximum Loan to Value Ratio (LVR) is 50%.

  • Funds are released only at predetermined stages after proof of work has been established.

  • Council approved plans and a fixed price tender are required at time of application.