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Construction and renovations

See your build, stage by stage

Construction loans are drawn down progressively, so your repayments start small and step up as your home takes shape. Put in your numbers and see what you'll actually pay along the way.

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Free estimate, no sign up. Then explore the five draw stages below to see what happens at each one.
Land loan{{ landFmt }}
Interest runs on the full land loan from settlement. Set to $0 if you own the land outright.
Build contract{{ buildFmt }}
Your fixed price building contract. The lender pays your builder directly as each stage is signed off.
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What if the build runs over?
Interest during the build
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Repayment after completion
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Interest only on the full balance, before converting to standard repayments
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Standard five stage draw schedule: 15% slab, 30% frame, 50% lock-up, 80% fixing, 100% completion. You only pay interest on what's been drawn, plus your land loan.
Book a call about your build
The five draw stages

What happens at each stage of the build

Click a stage to see what your lender checks, what you need to do, and what you'll be paying at that point, using your numbers from above.

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Drawn so far (build)
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Total owing incl. land
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Repayment this stage
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What the lender checks
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What you need to do
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Your monthly repayment, stepping up as you build
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Interest only during construction, on your land loan plus the build amount drawn at each stage. Most lenders convert to principal and interest once the final draw is made.
How it works

A loan that gets built alongside your home

Land and build loans work differently to a standard mortgage, and the paperwork trips people up more than the money does. Here's what we manage for you:

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Builder reviewing plans with build stages around a house

You manage the builder. We'll manage the bank.

Five progress claims means five chances for a draw to stall your build. We keep the lender, valuer and builder moving so your site never sits idle waiting on money.

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Book a call

Builders and renovators we've helped

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You've got the plans. Let's get the money sorted.

Before you sign a building contract, let's map the whole build: land, contract, draw schedule and the loan it converts to at handover.

VestaFi
Sydney-based mortgage broker. 40+ lenders. 15 years inside the banks.
Contact
Sydney NSW
Maison Brown Financial Pty Ltd · Australian Credit Licence #384704 · Credit Representative #570440 · Aggregated under Finsure
This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances, and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.