Construction Loans in Perth.

Construction finance is its own discipline, and at CLS it has a dedicated specialist. Lizzie Barnes brings 20 years of finance experience with a strong construction background, and she runs the office. She reads building contracts, knows the progress payment schedule cold, and keeps the lender, the builder and you on the same page.

That matters in Perth, where new builds and knockdown-rebuilds are common from the northern corridor through to established suburbs. A construction loan that is structured well and drawn on time means your builder is paid at each stage without delay, and you are not paying interest on money you have not used yet.

We work with Perth builders directly. Whether you are building a first home in a new estate, knocking down and rebuilding on a family block, or constructing an investment, we compare lenders, structure the draws and manage the compliance so the finance is never the thing holding up your build.

A construction loan funds a new build in stages rather than as one lump sum. The lender releases money to your builder as the home hits set milestones, and you pay interest only on the amount drawn so far. When the build is finished, the loan typically converts to a standard home loan.

What are the progress payment stages?

Most Perth construction loans draw down at five common stages as the home is built. You are charged interest only on the cumulative amount drawn, so repayments rise gradually rather than all at once.

1. Deposit or base, when the slab is laid.
2. Frame, when the structure goes up.
3. Lock-up, when the roof, walls, windows and doors are in.
4. Fixing, when internal fit-out happens.
5. Completion, the final payment as the home is handed over.

Who do construction loans suit?

Construction loans suit anyone building a new home, doing a knockdown-rebuild, or constructing an investment property. They also suit buyers in Perth's new land estates building with a project builder on a fixed-price contract.