Get matched with a construction loan specialist

Construction lending is a niche. The wrong broker quotes you the wrong product and you discover it at progress payment three.

9 min readBy Sarah ChenStage 6 of 6

Construction loans are different, the broker who lined up your refinance last time may not be the right call here.

Why a specialist matters

Knows which lenders fund the small builders, which require fixed-price contracts only, which will release a partial drawdown for council fees pre-construction, and which charge IO during build.

From the rest of the site

NewsConstruction loan progress payments in May 2026: drawdown risk after three rate hikesConstruction loans draw down in stages tied to build milestones. With the cash rate at 4.35 per cent and build costs still climbing, the gap between approval and final drawdown is more expensive than it has been in a decade. What to budget for, and three ways to manage the risk.

WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rates are calculated on a secured loan of $150,000 over 25 years for home loans and a loan of $30,000 over 5 years for car and personal loans, unless the lender states another basis. Business loans and equipment finance for a business purpose have no mandatory comparison rate.