Construction Loans

Are you looking to build a new property or structurally renovate your home?

Our expert mortgage brokers can find you the perfect construction loan and home renovation loan.

Construction Loan Experts

Whether you're looking to buy a house and land package, take on complete major renovations or build on land you already own, you need a mortgage broker specialising in land and construction loans. Every moment of the building experience should be stress-free, and that includes your finances.

Our team of experts will support you throughout the whole process from start to finish. We’ll negotiate with the banks on your behalf, recommend a suitable construction or renovation loans, and fully complete your application from submission to settlement. It’s our job to do the hard work, so you can focus on the exciting stuff, like choosing furniture pieces and decors for your new space.

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Find Your Perfect Construction Loan Solution

Let's discuss your construction loan needs. We’re here to help.


Borrowing to Build

These types of mortgages work a little differently from standard home loans. Construction home loans are generally more complex as they involve multiple ‘progress payments,’ also known as loan drawdowns.

Instead of your lender providing the full amount at once, they’ll release funds throughout your building journey. The funds will be issued to your builder once they have completed each stage, in line with your agreed contract. This ensures your build is completed to schedule and in agreement with the signed building plans.

Residential construction loans generally have interest-only repayments throughout the build phase and then revert to P&I once the property is completed. Also, you’ll only pay interest on the total loan amount that’s been released, which means your repayments will be lower in the interest-only period or the earlier stages of the build phase.

Construction Loan Pre-approval

If you’re looking to sign a fixed price building contract sometime soon, it’s recommended to apply for a construction loan pre-approval. A pre-approval is a written confirmation from a bank stating how much money they are willing to lend you through progress payments.

Getting pre-approved for finance helps you understand your budget, and boosts your confidence when signing a contract. We always ensure the process is as fast as possible, so you can start looking at house and land options sooner.

construction loans
construction loans

Renovation Loans

If you’re looking to complete major renovations on your home or investment property, you have a few different loan options. Depending on how much cash is required, you could refinance and access existing equity to fund the renovation. This option is very straightforward and won’t require construction finance.

If you don’t have enough equity in your home, you’ll most likely need a construction loan. For the bank to lend you the required funds, they’ll need a signed building contract and a valuation showing the future property value once the renovations are complete. This will allow you to borrow against any equity increase in the property.

Our team will explain all of your available options and calculate exactly how much you can borrow and get through progress payments. We can also recommend a property valuer and order the required valuation on your behalf.

Why Choose Us

Benefits of using Deltos Finance


Extensive market knowledge

We know about the best interest rates, cash back offers, and approval times from the 40+ lenders we work with.

hose key

We do the hard work

Our brokers will save you time and effort. We shortlist the best lenders who can approve your construction loan, and fully complete your application from submission to settlement.


Power to negotiate

We can negotiate better terms on your behalf. We frequently get lenders to waive certain fees and charges, or reduce their advertised interest rates.

high approval

High quality outcomes

Our brokers do an internal assessment before lodging your application, greatly increasing your chances of approval.


Loan structuring

With the right loan structure you can optimise your borrowing power, cash flow, and pay off your mortgage sooner.

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Free service

Our service is 100% free of charge, as we get paid directly by the lender.

Getting Started

Are you a first-time investor?

Check out our helpful first-time investor guide.

Our brokers will support you through the whole process and answer any questions you might have in relation to property investing & construction loans in Australia.

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Free Download
Free Home Loan Assessment

Speak to an Expert

Make sure you get the right construction loan advice.
Call us today on 0419 949 406 or email [email protected].


Frequently Asked Questions

Here's some of the most common questions we're asked. If you have a question that's not answered here, we'd love to hear from you.

Yes, our brokers are available after hours and on weekends for appointments. Clients have the option of meeting with a broker at our Hobart office or fully at distance through a combination of phone, email, and video meeting.


We value your customer experience

Creating a positive client experience is our number one priority, and we’re incredibly proud of the kind words we receive from our clients.