Construction Loans · Sydney NSW

Turn your building plans into reality.

Construction finance is more complex than a standard home loan — but with the right broker, the process is straightforward. Get Home Loan specialises in construction lending, managing drawdown schedules, lender requirements, and progress inspections on your behalf.

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Construction Finance Made Simple

A construction loan works differently from a standard home loan. Instead of receiving all funds at settlement, the money is drawn down in stages as your build progresses — typically at slab, frame, lock-up, fit-out, and completion. During construction, you generally only pay interest on the funds drawn down.

This complexity is exactly why you need an experienced broker. At Get Home Loan, we've managed countless construction loans and know exactly what lenders require, what builders need, and how to keep everything on track from initial approval to final inspection.

Types of Construction Loans We Handle

  • House and land packages — combined or split contracts
  • Knockdown and rebuild — demolish existing and build new
  • Renovation finance — major structural renovations
  • Owner builder loans — for licensed owner builders
  • Investment construction — build an investment property
  • Duplex and multi-dwelling builds

What You'll Need

Fixed-price building contract · Council-approved plans · Builder's licence and insurance · Land valuation (if applicable) · Standard income and asset documentation

The Construction Loan Process

1

Plans & Contract

We help you understand what documentation is required. Once your plans and fixed-price contract are ready, we can begin the loan application.

2

Approval

We submit your application and manage the valuation process. The lender will value the land and the completed build.

3

Progress Drawdowns

As your build progresses through each stage, we coordinate the drawdown requests with your lender so your builder is paid on time.

4

Completion

On practical completion, the loan converts to a standard mortgage. We review your options and confirm the best ongoing loan structure.

Frequently Asked Questions

Got questions? We have answers.

Funds are released in stages as your build progresses — typically at slab, frame, lock-up, fit-out, and completion. The lender inspects the progress at each stage before releasing the next payment. We coordinate this entire process.
Most lenders require a fixed-price building contract from a licensed builder. This gives the lender certainty over the final cost. We'll advise you on what's needed before you sign with a builder.
Yes — investment construction loans are available and we regularly arrange them for property investors. The process is similar to an owner-occupier construction loan.
When your build is complete, your construction loan converts to a standard mortgage. We review your options at this point and ensure you move to the most competitive ongoing loan available.
Yes — the FHOG in NSW specifically applies to new builds and can be used with a construction loan. We'll confirm your eligibility and apply the grant at the right stage of the process.

Ready to get started?

Get in touch and an expert broker will be in contact within one business day.

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