Construction loans from an Ipswich mortgage broker

Building new or renovating? Construction lending is more complex than a standard mortgage. We make sure it's structured correctly from the start.

Construction Lending

Build with the right finance behind you.

A construction loan works differently to a standard home loan. Instead of receiving the full amount at settlement, funds are released in stages as your build progresses, aligned to your builder's payment schedule. This keeps interest costs down and ensures funds are only drawn when needed.

Not all lenders are comfortable with construction lending, and those that are each have different processes and requirements. We match you to the right lender for your build type and manage the draw-down process throughout your project.

Whether you're building a new home on vacant land, knocking down and rebuilding, or doing a substantial renovation, we can structure the right solution.

There's a real advantage here too: Biju holds a Level 4 Certificate in Residential Construction (Unitec) and has hands-on experience running his own builds and subdivisions. He understands what happens on site, not just on paper, which makes a genuine difference when structuring and managing your build finance.

The guide to getting pre-approved for a mortgage is a sensible first step, because construction lenders assess you well before you sign a build contract. Our article on when refinancing your mortgage actually makes sense covers moving your loan onto a standard product once the build completes. Building your first home in Ipswich, Springfield Lakes or greater Brisbane? See first home buyer lending, or compare loan types on our home loans page.

Discuss Your Build Finance

Builder reviewing construction plans and drawings at a desk

What We Help With

Construction lending, properly structured

Progressive Draw-Downs

Funds are released at agreed build milestones: slab, framing, lock-up, lining, completion. We coordinate with your lender to ensure payments align with your builder's schedule.

Fixed-Price Contracts

Most lenders require a fixed-price building contract before approving construction finance. We advise on what lenders need and how to structure your contract accordingly.

Interest-Only During Build

During construction, you typically only pay interest on the funds drawn down, not the full loan. This keeps your costs manageable while your build is underway.

New Build LVR Benefits

New builds in Australia can access more favourable LVR rules, potentially borrowing with a smaller deposit than you'd need for an existing property.

Renovation Finance

Major renovations can also be funded through a construction facility. We assess whether your project qualifies and find the most cost-effective structure.

Turnkey Purchases

Buying off-plan from a developer? Turnkey contracts are simpler than owner-build, settlement happens on completion. We organise your pre-approval early to protect your purchase.

Typical Progressive Draw-Down Schedule

This is a typical example only. The exact stages and percentages vary by builder and building contract.

Stage	Draw
Deposit	5%
Base	15%
Frame	20%
Enclosed	25%
Fixing	20%
Practical Completion	15%
Total	100%

How It Works

From planning to completion

01

Early consultation

Ideally before you sign any contracts, so we can advise on finance structure, lender requirements, and deposit needs.

02

Loan approval

We prepare your application, secure conditional approval, and brief your lender on the build plan and payment schedule.

03

Draw-down management

As your build progresses, we coordinate each draw-down request between you, your builder, and the lender.

04

Final conversion

When the build is complete, the loan converts to a standard mortgage. We review your options at this point to find a competitive rate.

What you'll need

Fixed-price building contract with a licensed builder
Signed plans and specifications
Resource or building consent (if issued)
Section purchase agreement (if applicable)
Proof of income and deposit
Evidence of existing equity or savings

Talk to us early, ideally before signing contracts. Getting finance advice upfront can prevent costly surprises later.

Book a No-Obligation Consultation

5.0

80+ Google reviews

What our clients are saying.

Real reviews from real South-East Queensland families we've helped through their mortgage journey.

“Biju from Indus Mortgages made my home-buying experience smooth and stress-free. He explained everything clearly, kept me updated at every step, and went above and beyond to secure the best deal.”

“Thanks to Biju for assisting us to buy our new house. When speaking with him it’s always like talking with a friend. Answers promptly to the calls, though he is busy at times. Highly recommended.”

“Excellent service. Biju guided us through every step and helped us secure the best option for our home loan. Thanks for the great support.”

“Biju is a very approachable adviser. He did his part very well right from the start. Regular follow-up from him helped us a lot. All the best to Biju and the Indus Mortgages team.”

“We had a truly wonderful experience with Indus Mortgages as we pursued our dream home. Their friendly approach in discussing the banking process, coupled with their genuine advice, instilled great confidence in our decision.”

“Thank you Indus Mortgages for advising me and helping to land my first home. So responsive and patient throughout my journey. Highly recommend Biju for advice.”

“We are thankful to Biju for assisting us to buy our first home. The service provided was excellent. Biju is always approachable, knowledgeable and proactive.”

“I had a great experience with Indus Mortgages. Really helpful for the refinancing of my home loan. Highly recommended.”