Construction Loans Perth
Building is exciting — but construction loans have extra moving parts. We manage progress payments, valuations and builder invoices so you stay focused on your dream home.
Progress payments handled
We coordinate draw-downs with your builder, so invoices get paid on time.
Interest-only during build
You only pay interest on drawn funds — keeping repayments low during build.
Converts to standard loan
When the build is complete, we transition you to a standard home loan seamlessly.
How construction loans work
Rather than lending the full amount upfront, the bank releases funds in 5–6 stages: slab, frame, lock-up, fixing, and completion. You only pay interest on what's been drawn — which is much cheaper than a standard loan during build.
What lenders look for
Fixed-price building contract, council-approved plans, builder's licence and insurance. We handle the document checklist so you can focus on tile choices.
Avoiding delays
The #1 cause of delay is valuation. We choose lenders with fast in-house valuers and stay on top of each progress claim so your builder isn't left waiting.
FAQs
Can I use the FHOG to build?
Yes — in WA the First Home Owner Grant is specifically for new homes, which includes knock-down-rebuilds and new builds.
Do I need a bigger deposit to build?
Generally 10–20% of the total (land + build), but guarantor options can reduce this. We'll structure it to your situation.
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Ready to talk about your next home loan?
Free, no-obligation chat with Hoshang. We'll map out your options in 20 minutes.