Whether you’re renovating your current home or ready to purchase a house and land package, our experienced team is here to assist.
Not all lenders offer construction loans, but at RD Finance Solutions, we specialise in them. We’ll find the right loan for your goals and handle everything – from applying for government grants to coordinating builder progress payments.
We review your financial position and future plans to determine how much you can borrow and ensure your construction budget is realistic and achievable.
Whether you're renovating or building from the ground up, we compare a range of construction loan options and recommend one that fits your timeline, goals, and cash flow.
We guide you through the drawdown process - ensuring your builder is paid at each stage and the paperwork is handled correctly to avoid delays.
We explain all costs - loan setup fees, government charges, and interest during construction - so you can plan with confidence.
If you're eligible for building grants or rebates, we’ll help identify them and assist with the application process to maximise your benefits.
From the initial application to getting the keys, we stay by your side to make sure everything runs smoothly, on time, and with no surprises.
Would recommend Renee to anybody looking for a honest reliable broker. She has been absolutely incredible along the journey of building my second house.
When first contacting Renee, I was still on MAT leave and had recently sold my house. She advised what needed to be done to purchase my dream property as a single mother, after a lot of lengthy conversations and hard work I can happily say my slab will be poured next week.
I don’t think I would be in the position I am today without Renee. She has a heart of gold and goes above and beyond for her clients, thank you again Renee for everything you have done for myself and my daughter’s future – I am forever grateful.
Tanisha Carlo
Building a new home or renovating can be exciting—but it also comes with plenty of questions.
“How much can I borrow for construction?” “What will my repayments look like during the build?” “How will interest-only repayments work while I’m constructing?”
Our easy-to-use calculators are a great starting point to help you understand your budget and prepare for the road ahead:
Yes – The government grant isn’t considered your personal contribution. Lenders want to see that you can budget and save consistently. That’s why you’ll need to provide a savings statement showing at least 90 days of history. Typically, you’ll be expected to have savings equal to at least 5% of the property’s purchase price.
In some cases, lenders may accept a six-month rent ledger from a licensed real estate agent instead of a 90-day savings statement. This is often used when funds such as – the sale of an asset or an inheritance – have only recently been deposited. In these situations, a rent ledger combined with proof of your current savings balance can be used.
When building a home, lenders will always retain control of the funds, releasing payments only after the builder issues an invoice and a bank inspection has been completed. However, in some renovation scenarios, the full loan amount may be released upfront, allowing you to manage payments as needed.
Typically, the First Home Owner Grant (FHOG) is paid after the house slab is poured. However, a few lenders may release these funds earlier to help settle the land before construction begins. Our expert team will identify the right lender for your needs if early access to the grant is required.
During the construction phase, you’ll make interest-only repayments, which are calculated monthly based on your current loan balance and any builder invoices that have been paid. Once construction is complete, your loan will switch to principal and interest repayments.
When you’re ready to take the next step, we’re here with expert advice and personalised support to guide you through your construction journey.
