Outlook Finance · Construction

Construction Loans

Building from scratch, knock-down rebuild, or major renovation — construction loans need a builder-friendly lender and a broker who’s done it before. We have both.

Get a Free Assessment →

🛡️

ACL Licensed

Australian Credit Licence 418711

★★★★★

Google 5-Star Rating

Verified client reviews

🏆

15+ Years Experience

2,000+ Australian families helped

The problem with construction loans

Progress payments fail when the lender doesn’t get it

Construction loans pay your builder in stages (slab, frame, lockup, fixing, completion) — and if the lender’s process is slow or the valuer’s late, your builder stops work. We’ve seen jobs delayed weeks because the wrong lender was chosen.

The Outlook way

Lenders that fund progress payments fast

We match you to a lender whose construction team actually responds in 24-48 hours, not 5-7 days. We coordinate progress claim documentation directly with your builder so the next payment is queued before the current stage finishes. Job stays on schedule.

How it works

Three steps. Roughly 30 minutes.

1

Apply

Tell us your situation in a 2-minute online form, or call for a 10-minute chat. No documents needed yet — we just want to understand what you are trying to do.

2

Assess

We compare every product on our lender panel against your situation, then walk you through the 2-3 best options including realistic rates, fees, and turnaround times.

3

Approved

We package and submit the application, chase the lender, and keep you informed at every step. Most clients are unconditionally approved within 5-10 business days.

Frequently asked

Common questions about construction loans

How does a construction loan work?+
You're approved for the total loan amount (land + build) but funds are released to your builder in stages as construction progresses. The 5 standard stages are: deposit/slab, frame, lockup, fixing, completion. You only pay interest on the amount drawn down, so repayments start small and grow as the build progresses.
How much deposit do I need for a construction loan?+
Typically 10%-20% of the total project cost (land + build). Some lenders accept 5% with LMI. The build contract must be a fixed-price contract from a licensed builder. Owner-builder loans are available but more limited and require larger deposits (often 30%+).
What happens if the build goes over budget?+
Cost overruns are paid by you, not the lender — which is why a fixed-price contract with a licensed builder is critical. Some contingencies are normal (budget 5%-10% buffer for variations). If the overrun is large enough that you can't cover it from cash, we can sometimes re-apply for an increase, but it's much harder mid-build.
Do I have to make repayments during construction?+
Yes, but only on amounts drawn down so far. So in the first month after slab payment you might be paying interest on $50,000 — small repayments. By the time the build is complete you'll be paying interest on the full loan amount. Many people pay the construction-phase interest from savings to avoid pressure.
Can I get a knock-down-rebuild loan?+
Yes, knock-down rebuilds are a standard construction loan scenario. The land is your existing property, the build is the new home. We refinance the existing mortgage into a construction loan, fund the demolition and the new build, then convert to a standard home loan once the build is complete.

Get a Free Assessment

Talk to a broker today — no cost, no obligation.

Three fields. We will be in touch within one business hour during NSW business hours.

Name(Required)

Or call 1300 432 961 · Mobile 0481 712 907 · Email info@outlookfinance.com.au · Mon-Fri 9am-6pm AEST