CONSTRUCTION FINANCE

Progress draw funding. No bank delays.

Construction loans structured around your build program — progress draws released fast, without the bureaucracy.

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Up to 75%LVR (of GRV)
$500K–$30MLoan Range
6–24 monthsTerm
From 8.5% p.a.Rates
Res. & Comm.Security

Overview

Built around your build.

Construction finance funds the physical build of a property. Unlike a standard mortgage, funds are drawn down progressively as construction milestones are reached — each draw verified by an independent quantity surveyor.

We structure construction facilities around your build program, not around a bank's internal processes. When your builder invoices for a progress claim, we release funds quickly so your project stays on schedule.

Our construction finance is suitable for single residential builds, small-scale multi-unit projects, and commercial construction up to $30 million. For larger or multi-stage developments, see our development finance product.

Key features

  • Progress draw funding aligned to your build program
  • Independent QS verification for each draw
  • LVR assessed against gross realisation value (GRV)
  • Interest charged only on drawn funds
  • Flexible terms — 6 to 24 months
  • Land and construction bundled or standalone

Who is this for?

01

Residential builds

Fund a new home or dual occupancy build from slab to completion. We release progress draws quickly so your builder stays on site and on schedule.

02

Commercial construction

Fund the construction of commercial premises — offices, retail, warehouses — with a facility structured around your project timeline.

03

Knock down rebuilds

Demolish and rebuild on an existing site. We can fund the demolition, construction, and any associated holding costs under a single facility.

Frequently asked questions

Common questions

Your builder submits a progress claim at each construction milestone. An independent quantity surveyor inspects the work and certifies the claim. Once certified, we release the funds — typically within 2–3 business days.
Not necessarily. We can structure a facility that covers both the land acquisition and the construction. The land component is drawn at settlement, and construction draws follow as the build progresses.
GRV stands for gross realisation value — the estimated market value of the property once construction is complete. We assess LVR against GRV, which means you can borrow more relative to the current (unimproved) value of the land.
Yes, provided your builder is licensed, insured, and has a track record of completing similar projects. We review the builder as part of our assessment process.
Construction finance is for single or small-scale builds. Our development finance product covers larger, multi-stage projects including land acquisition, DA, construction, and sell-down. See also bridging finance for site acquisition.

Get started

Ready to move?

Submit your deal today and we'll come back to you within hours, not weeks.

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