If you are building your own investment property, a construction loan may best suit your needs.

You can use a construction loan to purchase land and then access the funds as needed to meet the building costs.  Or, if you already have a block of land, a construction loan will finance the construction costs of a new dwelling on that land or even major renovations to an existing property.

A fixed price building contract from a registered builder is required, along with the usual necessary documents, when applying for a construction loan. These loans are usually interest only for the period of building and then become principal and interest once building is completed.

Get in touch to learn more.


  • Competitive variable interest rates
  • Facility to draw money when necessary whilst building
  • Interest only payments during the building period
  • Additional payments can be made


  • Requires a fixed price building contract leaving little room for change whilst building
  • Some lenders charge a fee for every time you draw money whilst building
  • Given it is a variable loan; loan repayments will increase if interest rates go up

Contact Mortgage Navigators today and let us help guide you through the various finance solutions we can offer to meet your needs. We offer no obligation, free consultations.