Construction & Renovation Loans

Loans for Construction, Home Improvements, and Development

Construction loans made easy!

When building a new home, you will not need the entire amount of the loan drawn-down all at once.

Construction of a dwelling is generally divided into stages such as “slab”, “roof”, “lock-up” and “final”. With a construction loan, you can break up the drawdown of the loan amount into progressive draws, which parallel the construction phases. As one phase of the construction is complete, you are able to draw down the next portion of the loan. This means that interest is only being calculated on that amount which has been physically drawn down, and you are only making repayments on the portion you have used.

To ease the financial burden during the construction phase, construction loans are usually interest-only. When construction is complete, you can usually nominate which product or loan type your loan reverts to.

When you decide to build and apply for a construction loan, the lenders will need to see, at minimum, council approved plans and a fixed-price building contract, before they will unconditionally approve a construction loan.

Call the AXIES team to explore construction loan options for your situation.

Property Development

Finance for property development generally operates as an interest-only, draw-down facility to finance development as required. Often the interest on these loans is capitalised during the development period, with the entire loan – inclusive of interest charged – to be repaid upon the sale of the development.

The borrowing capacity you can achieve for development finance will vary depending on the development lending criteria you are required to meet. This will vary from lender to lender and is also dependant on the proposal.

Please contact us anytime to discuss your requirements.


Are you looking to remodel the kitchen? Build an extension? Maybe you want to purchase a fixer-upper?

Arranging finance for your renovation in advance can help you work out how much you have to spend, so you can create a plan and budget.

There are a number of ways you can fund your renovation.

Related Services

Buying a Home
Moving doesn’t have to be stressful. Our team of home loan professionals will help you with access to the best…
Read more
Refinancing your home loan can help you achieve important goals. It can allow you to save you money with lower…
Read more
Investment Home Loans
We help property investors arrange the right loans with the right structure for long-term investment success!
Read more
Construction & Renovation Loans
Uncover opportunities that build lasting value. Our loan experts will obtain the right construction loan to help you build the…
Read more