Construction Loans Melbourne
Building, renovating or completing a knockdown rebuild? We help you structure the right construction loan, manage progress payment requirements and compare suitable lenders for your project.
“Both Michael and Steve are prompt, knowledgeable and answer any questions we have for them.”Anthony L., Repeat Client
The Right Finance For Your Build
Construction finance works differently from a standard home loan. Funds are usually released in stages, interest may only be charged on the amount drawn, and lenders often have stricter requirements around builders, contracts, valuations and progress payments.
At Lifestyle Loans, we make the construction loan process clear and manageable. Whether you are building a new home, renovating, completing a knockdown rebuild or developing, we help structure the right finance solution from planning through to final settlement.
- ✓Understand construction loan requirements
- ✓Compare lenders that support builds
- ✓Manage progress payments and drawdowns
- ✓Guidance from approval to completion
Construction Finance Options
We help with a range of construction and development projects.
New Builds
Finance a house and land package, custom home or new residential build.
Renovations
Structure finance for major renovations, extensions or improvements.
Knockdown Rebuilds
Fund a project where an existing property is demolished and rebuilt.
Developments
Explore lending options for duplex, subdivision and multi-unit projects.
Why Build With Lifestyle Loans By Your Side
Construction Loan Strategy
Structure your loan around the builder contract, valuation and progress payment schedule.
Progress Payment Support
Understand how staged drawdowns work and what lenders require at each stage.
Interest-Only During Construction
Review options where interest may only be charged on funds drawn during the build.
Lender Policy Guidance
Compare lenders that support your project type, builder and construction structure.
Explore development financeDocumentation Support
Get help understanding what documents lenders usually need before approval.
Settlement To Completion
We guide you through approval, settlement, drawdowns and completion.
Check your borrowing powerYour Construction Loan Journey
A clear process from your first conversation to a completed build.
Book A Call
Tell us about your build, budget, timeline and property plans.
Review The Project
We assess your contract, contribution, builder details and borrowing position.
Compare Lenders
We compare lenders suited to your project type and construction structure.
Secure Approval
We help prepare and submit your construction loan application.
Build With Confidence
We guide you through settlement, progress payments and completion.
Book A Call
Tell us about your build, budget, timeline and property plans.
Review The Project
We assess your contract, contribution, builder details and borrowing position.
Compare Lenders
We compare lenders suited to your project type and construction structure.
Secure Approval
We help prepare and submit your construction loan application.
Build With Confidence
We guide you through settlement, progress payments and completion.
What Construction Clients Say
Here is what clients had to say about their experience with Lifestyle Loans.
Linda B.
“The process to get our new home was anything but straightforward and Stephen guided us through every up and down with his awesome humour and immense knowledge! Not only did Stephen always communicate clearly he also was incredibly prompt to respond.”
Mary H.
“Michael and team, thanks again for your support and help with our home loan. We are over the moon and we could not have purchased our dream home without your help.”
Rick R.
“I've utilised the services of Lifestyle Loans' Frank Sauro and Stephen Piltz for many years to assist in various property financing, and can only speak of them in the highest terms regarding successfully delivering positive outcomes to often challenging requirements.”
Construction Loan Mortgage Brokers in Melbourne
Construction loans work differently from standard home loans. Rather than releasing the full loan amount at settlement, construction lenders release funds in stages aligned to the build progress. This means your interest during construction is usually calculated only on the amount drawn at each stage, which can keep your repayments lower while the project is underway. Once construction is complete, the loan typically converts to a standard home loan.
At Lifestyle Loans, we help Melbourne clients navigate the requirements of construction finance. Whether you are building a new home, completing a house and land package, undertaking a major renovation or extension, or managing a knockdown rebuild, lender requirements can vary significantly. Most lenders require a fixed-price building contract, council-approved plans, and a registered builder with appropriate insurance. Valuations are typically required both before and after the build. We help you understand what is needed and identify lenders that support your project type.
From your first enquiry through to final settlement and project completion, we guide you through each step. We compare suitable lenders, help prepare your application and manage the progress payment process so you can focus on the build. If your project is more complex, such as a duplex, subdivision or multi-unit development, we can also explore lending options suited to residential development.
Common Construction Loan Questions
Ready to Finance Your Build?
Whether you are building, renovating or completing a knockdown rebuild, we will help you compare lenders and structure the right construction loan for your project.