Construction Loans in Brisbane

We'll help you fund your new build or renovation

Building a new home or undertaking a major renovation is one of the most significant financial commitments you'll make. At fundfin., we work with a wide panel of banks and lenders across Australia to help you access construction loan options that are structured around how building projects actually work - not just how lenders prefer to lend.

Whether you're buying off the plan, building from the ground up, or managing a substantial renovation, our team will guide you through each stage of the process. Construction loans are structured differently to standard home loans - funds are released progressively in line with your build milestones, and you only pay interest on the amount drawn down at any given time. This progressive drawdown approach helps you manage cash flow throughout the project without paying for funds you haven't yet used.

A key part of the process is the 'as if complete' valuation, which determines the property's projected value upon completion. This figure influences how much you can borrow and helps ensure your loan structure fits within a realistic budget. Our team will also help you understand how your Progressive Payment Schedule aligns with construction milestones - from initial groundwork and slab through to lock-up, fit-out, and final completion.

For projects involving demolition, subdivision, or development, we'll help you work through council requirements, development application obligations, and any restrictions that may affect your timeline or loan structure. Understanding these requirements early is essential to keeping your project on schedule.

Progress payments are released in instalments at each agreed stage, allowing you to pay your registered builder and cover out-of-contract items as they arise. Our role is to ensure these payments are coordinated smoothly so there are no unnecessary delays on site.

How do construction loans and progress payments work when building in Brisbane?

With a construction loan, the lender releases funds in stages as your Brisbane build reaches agreed milestones, such as slab, frame, lock-up and completion. Your builder invoices each stage, the lender arranges a progress payment, and you only pay interest on the amount drawn so far, not the full loan limit.

In Queensland, your building contract sets out the deposit and the progress payment stages, so it pays to have your loan structure reviewed before you sign. Knowing your borrowing capacity up front also helps you set a realistic budget for the build.

Construction finance for Brisbane builds

We're a Brisbane based broker helping clients in Grange and across Queensland with new builds, knockdown-rebuilds and renovations. We compare options from our panel of lenders and line up your drawdown schedule with your builder's contract before you commit. If you're in the inner north, our page for a mortgage broker in Grange explains how we work with local clients.

If you're also considering how a construction loan fits alongside other financing needs - such as investment loans for a build-to-rent project or commercial loans for a mixed-use development - our team can help you structure a solution that accounts for the full picture.

Ready to move forward? Book an appointment with our team to discuss your project and explore the construction loan options available to you.

How We Help You Secure a Construction Loan

1. Initial Consultation

Your construction loan journey starts with a conversation. We'll take the time to understand your project - whether it's a new build, knockdown-rebuild, or major renovation - and assess your current financial position. From there, we'll outline the loan options available to you and explain how construction finance works from application through to final drawdown.

2. Financial Assessment

We'll conduct a thorough review of your income, expenses, assets, liabilities, and credit history to determine your borrowing capacity and the most appropriate loan structure for your project. We'll also explain key considerations such as loan-to-value ratio (LVR), lenders mortgage insurance (LMI), and how progressive drawdowns affect your repayments at each stage of the build.

3. Exploring Loan Options

With access to a wide panel of lenders, we'll compare construction loan products based on interest rates, fees, drawdown conditions, and loan features. We'll help you understand the difference between fixed and variable rate options and how each may affect your repayments across the construction period and beyond.

4. Pre-Approval

Securing pre-approval before you finalise your builder or contract gives you a clear picture of your budget and strengthens your position when committing to a project. Pre-approval confirms the lender's in-principle support for your loan amount, so you can move forward with confidence.

5. Loan Application

Once you've selected the right loan product, we'll manage the formal application process on your behalf. This includes preparing documentation, coordinating with your builder to obtain the required contracts and schedules, and liaising with the lender to keep your application progressing efficiently.

6. Loan Approval and Drawdown Setup

After approval, we'll walk you through the loan agreement and ensure you understand the drawdown schedule, repayment structure, and any conditions attached. We'll also advise on relevant insurance coverage and help you set up your loan so it's ready to fund each stage of the build as it commences.

7. Construction Drawdowns and Completion

As your build progresses, funds are released in line with your Progressive Payment Schedule. We'll help coordinate each drawdown request to ensure payments reach your builder on time and without disruption. Once construction is complete, your loan typically converts to a standard principal and interest home loan, and we'll be there to help you review your options at that point as well.