Construction Loan Support
Construction loans in Canberra
Building a home comes with different lending requirements from a standard purchase. We help you understand progress payments, building contracts, land settlement and ACT Land Rent Scheme scenarios across Canberra and nearby growth areas.
Progress payment guidance
ACT Land Rent scenarios
Building contract support
Understanding progress payments
Construction loans are usually released in stages rather than all at once. Major lenders commonly use progress payments tied to key milestones in the build, such as slab, frame, lock-up and completion.
1
Slab
Approx 20%
2
Frame
Approx 20%
3
Lock Up
Approx 35%
4
Fixing
Approx 15%
5
Completion
Approx 10%
ACT Land Rent
Building in Whitlam, Strathnairn or other growth areas?
The ACT Land Rent Scheme may reduce upfront costs by separating the land component from the build funding in eligible scenarios. Where relevant, we help clients understand how Land Rent may affect lender choice, deposit needs and total borrowing structure.
Build
planning
support
planning
support