Construction Loans for New Builds in Brisbane
Only pay interest on what's been drawn — not the full loan amount.
A construction loan works differently to a standard home loan. Funds are released in stages as your build progresses, meaning you only pay interest on the amount drawn at each stage — not the full loan. This can save you thousands during the build period. Square 1 Property Group compares construction loan products across 40+ lenders to find the best rate and structure for your project.
Progress Draw Management
We manage the progress payment schedule with your lender, ensuring funds are released on time at each build stage.
Interest-Only During Build
You only pay interest on the amount drawn, not the full loan — significantly reducing your costs during construction.
Fixed-Price Contract Review
We review your builder's fixed-price contract to ensure the loan amount covers all costs including variations.
Land + Build Combined
We structure a single loan that covers both the land purchase and construction, simplifying your finance.
First Home Buyer Compatibility
Construction loans are compatible with the First Home Owner Grant and First Home Guarantee Scheme.
Lender Comparison
Construction loan rates and policies vary significantly between lenders — we find the most competitive option for your project.
Our Simple Process
Pre-Approval
We arrange pre-approval based on your land value, build contract, and income.
Loan Approval
Once your building contract is signed, we submit for full approval with the chosen lender.
Progress Draws
We manage each progress payment as your build reaches slab, frame, lockup, fixing, and completion stages.
Convert to Home Loan
At completion, the construction loan converts to a standard home loan at the agreed rate.
Why Construction Finance Needs a Specialist
Common Questions
How does a construction loan differ from a regular home loan?
Funds are released in stages (progress draws) rather than as a lump sum. You only pay interest on the amount drawn, which reduces costs during the build period.
What are the build stages for progress payments?
Typically: slab/base, frame, lockup, fixing, and practical completion. Each stage triggers a progress draw from your lender.
Can I use a construction loan for a knockdown rebuild?
Yes. We structure construction loans for knockdown rebuilds, including covering demolition costs where possible.
Ready to Get Started?
Book a free, no-obligation consultation with our team today.