Construction Loans - Your Trusted Online Mortgage Broker

Construction Loans

We're expert Mortgage Brokers helping you fund your new build or renovation with a Construction Loan

5.0

from 84 Reviews

Fund your new home or upgrade with a Construction Loan

Building your dream home is an exciting journey, and choosing the right Construction Loan can make all the difference. Construction Loans are unique; they're specifically designed to fund the building or significant renovation of a property. Here's where LoanBuddy shines as your ideal partner in this significant venture.

One standout feature of Construction Loans with LoanBuddy is the progressive drawdown. This means that instead of receiving the full loan amount upfront, the funds are released in stages as your construction project progresses. This method is beneficial for two major reasons. Firstly, it helps manage your budget more effectively, ensuring funds are available when needed and not spent prematurely. Secondly, it can save you a considerable amount in interest costs.

Speaking of interest, another appealing aspect of securing a Construction Loan with LoanBuddy is the option for interest-only payments during the construction phase. This feature allows you to pay just the interest on the loan for a set period, usually until the build is completed. It eases the financial pressure during what can be a costly time, allowing you to focus more on the construction process without the full weight of loan repayments just yet.

Ready to chat to one of our team?

Book an Appointment

Our Process

Discovery Call: Our initial consultation helps uncover your goal, aspirations and to choose a suitable solution for you to realise your goals.
Research: We analyse the information we’ve uncovered and carefully consider strategic solutions that will help you achieve your goals.
Recommendation: We will then provide you with your recommendation and a choice of lenders to choose from.
Loan Application: Once we have proceeded with the recommendation, we will submit your application with the chosen lender.
Approval: This is when the chosen lender has confirmed they are willing to approve and settle your loan. At this stage, you can relax.
Settlement & Ongoing Reviews: Congratulations your finance journey has been completed! We'll also check-in regularly to ensure the initial solution is still relevant for your goals.

Chat to Our Experts

Our Recent Reviews

I can’t recommend Shane highly enough. As a self-employed first-home buyer, I quickly realised that many of the larger, more “corporate” brokers didn’t quite know how to approach my situation, but Shane absolutely did. He was incredibly proactive and diligent from day one: following up consistently, explaining every step and sending follow-up recordings so I could revisit details later. It never felt like a sales process but more like having someone genuinely in your corner and making sure you get the best possible outcome. If you’re looking for a broker who actually cares, knows their stuff, and goes above and beyond, Shane is the one.

Sebastian

I had the pleasure of working with Shane as my broker, and the experience was seamless from start to finish. He was always available when I needed advice or support and he made the loan application and property settlement process smooth and stress-free. I’m truly satisfied and highly recommend his services.

Elnaz Feizi

Shane, a highly professional and knowledgeable mortgage broker who played a key role in helping me secure the most suitable loan for my needs. From the outset, Shane took the time to understand my financial goals and investment strategy. He presented a range of tailored loan options with clear, detailed information, ensuring I was well-informed at every stage of the process. His ability to listen carefully and offer sound, strategic advice gave me full confidence in the decisions I was making. Shane’s responsiveness and efficiency were outstanding. He followed up regularly, kept me updated on every development, and made sure nothing was overlooked. Thanks to his proactive approach and attention to detail, the entire process was smooth and stress-free. I strongly recommend Shane to anyone seeking a dedicated and trustworthy mortgage broker. I have already referred him to family and friends, and will continue to do so with confidence. Thanks again Shane for all your work in helping secure my loan.

Amanda

Shane was exceptional at helping my mother and I refinance an investment property. Approved within 24 hours and found lenders suitable for a more complex set up with split loans. ...

Cassandra Collett

Frequently Asked Questions

Do I pay to use LoanBuddy?

In most cases you do not pay for our services. If there is a fee to pay you will be notified up front before your application is submitted.

Am I ready to speak to a mortgage broker?

Whenever you have a property objective, be it buying a new home or refinancing your current one, it’s time to have a conversation with a mortgage broker, or, as we like to refer to them, our ‘home loan experts.’

We’re here to guide you on your journey, helping you reach your destination, wherever that may be!

How does LoanBuddy get paid?

Lenders compensate us to help you secure an outstanding home loan.

Why do they do it? Well, lenders highly value new customers, and our role involves handling many of the complex tasks that lenders typically perform to guide you through the home loan process. Hence, they reward us for our assistance.

Importantly, we’re impartial in our recommendations. As mortgage brokers, we are legally obliged to prioritise your best interests when suggesting a home loan.

Rest assured, choosing us won’t result in higher loan costs compared to going directly to a lender. In fact, we often secure better deals for you than the advertised rates.

Think of us as your trusted allies. We’ll always provide full transparency regarding any commissions, as disclosed in our documents.

Who is LoanBuddy?

We are an Australian Mortgage Broker business. At LoanBuddy, we pride ourselves on being more than just home loan experts. We’re your trusted partners in making you feel secure about your home loan choices.

Our powerful combination of cutting-edge technology and extensive experience is your key to discovering ‘the perfect’ home loan from a selection of over 30 lenders and thousands of loan options.

Latest Articles

Top 5 Ways to Switch from Variable to Fixed Rate Mortgages

22nd October 2025

Discover strategic approaches to reduce your mortgage term and save thousands in interest payments through additional repayments.

15th October 2025