Land and Construction Loans

Get the lowest interest rate on your land and construction loans

Our clients’ satisfaction ratings on Google and Facebook have made us Australia’s most trusted Number 1 mortgage broker

We’ve assisted many clients in obtaining the maximum financing for their land and construction loans, whether building to live in, rental or developing to sale. We have solutions for every scenario.

Get your land and construction loan preapproved

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Lowest Interest Rates

Access to a vast network of lenders enables VOXFIN to secure competitive interest rates tailored to your financial needs.

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First Home Buyers

VOXFIN has assisted numerous First Home Buyers in securing the best home loan products tailored to their needs. We offer personalised guidance.

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Maximum Borrowing

We work hard to find your maximum borrowing capacity with the most suitable home loan for your needs.

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The First Home Guarantee (FHBG) & Government Grants

First Home Owner Grant (FHOG)
First Home Super Saver (FHSS) Scheme
Home Guarantee Scheme
Stamp duty grants and concessions

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Land and Constructions Loans for Investment

Capital Growth Potential
Passive Income and Tax Advantages
Passive Income and Tax Advantages

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Low Doc Land and Construction Loans

We cater to both salaried and selfemployed individuals, offering tailored loan solutions to fit your needs.
We’ve got you covered, whether you’re fully prepared with all documents for a ‘Full doc’ loan or require more flexible options like ‘Low doc’ loans.

Build your dream home!

Purchasing a block of land to build your dream home or to invest is an exciting first step in your wealth-creation journey. We’ll bring the combination loan expertise to ensure that you have sufficient borrowing power.

This is one of the most significant benefits of engaging with us to avoid unpleasant surprises and complete the construction of your dream home without compromising to the extent feasible.
Unlike a vacant land loan, a construction loan has a date limit by which you must initiate construction. While purchasing land and building a home can be an overwhelming process, we help you plan and streamline, rightly budget for the extra and hidden costs, and work out your loan structures and repayment cycles so that everything feels rewarding.

Suppose you are building an investment property for rental income. In that case, you may want to consider Capital Growth Potential (CGP), Potential Passive Income and Tax advantage (negative gearing) and future Capital Again Tax (CAT) on your realised property value. Talking to your Accountant and Financial Adviser for detailed advice is highly recommended.

For Land and Construction Loans, you are choosing VOXFIN for:

Maximising your Borrowing Power
Internally negotiated lowest interest rate
Access to the latest offers from the banks
The best mortgage broker in Australia will guide you throughout
Our clients’ high satisfaction ratings made us Australia’s best home loan mortgage broker

Frequently Asked Questions (FAQ)

Questions and queries related to Land and Construction Loans

EXPERIENCE SEAMLESS CONSTRUCTION LOAN PROCESS!

A construction loan is for individuals who are building or renovating a home rather than purchasing an existing property. These loans provide flexibility in managing cashflow, as they allow you to access funds gradually during the construction process. This means you only pay interest on the amount you have used.

REMEMBER TO TAKE NOTE OF THE FOLLOWING: WHAT DOCUMENTS WILL I NEED?

For the construction loan application and finalisation, you will need Council-approved plans, a signed and dated building contract, a quantity surveyor report, builder risk insurance, and a copy of the builder’s public liability insurance.

HOW SHOULD I GO ABOUT PAYING THE BUILDER?

After completing each stage of your renovation or construction project, we will organise an inspection of the property and then make direct payments to the builder for the completed work. Each payment made at a stage of completion is referred to as a drawdown.

The number of drawdowns will be determined by the agreement among you, your builders, and your lender. In construction loans, repayments are interest-only. However, once the entire renovation is finished, the construction loan will switch to principal and interest repayments, unless you request to extend the interest-only period.

WHAT IS PRE-APPROVAL?

A home loan pre-approval indicates that a lender has tentatively agreed to lend you a certain amount for your home purchase but has not yet given full approval.

HOW DO I APPLY FOR THE FIRST HOME OWNER GRANT WITH A CONSTRUCTION LOAN?

When applying for the First Home Owner Grant, you need to:

Check your eligibility
Collect the required documents
Complete your application online or through an approved representative

The First Home Owner Grant is typically provided after laying the slab for construction loans.

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CAN MY FHOG BE CONSIDERED PART OF MY SAVINGS AND DEPOSIT?

You can use the First Home Owner Grant (FHOG) as part of your deposit. However, if you are borrowing more than 80% of the value of the property, mortgage insurers require that you have saved at least 5% of the purchase price as genuine savings.

CAN I GET A CONSTRUCTION LOAN AS AN OWNER-BUILDER?

As an owner-builder, you have the potential to secure a construction loan, with funds being released at different stages of the building process.

WILL CONSTRUCTION DELAYS IMPACT MY CONSTRUCTION LOAN?

Building delays may impact when the builder receives payment but do not affect the loan itself. For instance, if there is a delay during the frame-up stage, the builder’s payment will also be postponed.

WHAT'S NEXT ONCE MY CONSTRUCTION IS FINISHED?

When the construction is finished, your construction loan will convert into a standard home loan. You will start repaying the principal loan amount plus interest until the loan term is completed.

CURIOUS ABOUT PROGRESSIVE DRAWDOWN PROCESSES? LET'S DIVE IN AND EXPLORE WHAT IT'S ALL ABOUT!

Your builder will prepare a contract before construction begins, outlining each construction stage and associated costs. The loan will be progressively drawn down to pay the builder’s costs at each stage. During the construction period, you will only need to make interest-only repayments. Once the house is built, your construction loan will become a standard home loan.

Why choose us?

We understand the importance of earning your trust in the guidance provided by the mortgage experts at VOXFIN. We can assist you with land and construction loans as well as other financial lending needs, such as home loans, refinancing home loans, car loans, commercial loans, and insurance.

Additionally, we can assist with organising financing to start or grow your business and fund your assets. Our services for finding the right home loan are free of charge to you. Once your loan is settled, the lender compensates us.

About Us

VOXFIN’s expert land and construction mortgage brokers are here to help you with all types of financial needs. We simplify the loan process and provide the right information and guidance so you can make sound investment decisions.

We assist Australians throughout the nation. We work with over 35 lenders in Australia to bring you the best loan option with the lowest interest rate and the most appropriate home loan structure to grow your property portfolio.

About Us

Australians have trusted us as expert home loan mortgage brokers for all types of their loans and mortgage needs such as first home buyer loans, refinancing home loans, agribusiness loans, business loan brokers, commercial loan brokers, car loan brokers, asset and equipment finance brokers, SMSF property loans, property development finance brokers, business car loan brokers, bad credit score lenders, medical professionals’ loans, personal loan brokers, and many more to help them find the suitable loans to finance their property dreams.

About Us

Get a Free Consultation

info@voxfin.com.au

0370652000|0435393623

At VOXFIN, we are committed to being with you at every step in your home loan process. We keep your best interests ahead of everything by providing comprehensive solutions powered by our solid industry expertise and deep financial knowledge. This ensures you can confidently make an informed decision, knowing that you have our full support.

Our streamlined home loan borrowing process is designed to alleviate the stress of navigating the complexities of finding the best home loan solution. We’re here to secure the lowest interest rates on your owner-occupied home loan or investment property loan, making the process as smooth and convenient as possible for you.

WHAT DO OUR

customers think?

“Gurdeep has been great throughout the whole process of getting our construction loan sorted. Even with all the COVID-19 issues we’re all currently dealing with, he still managed to get our finance sorted out promptly so we can rebuild our dream home.
I highly recommend getting in touch with him.
Thank you Gurdeep 😊”

Luke & Chantel

“Gurdeep was absolutely fantastic in finding the best deal for the refinance of my mortgage. In testing times with the Royal Commission and COVID-19, the normal process of gaining approval from the bank has been slow and painful at times, but Gurdeep kept plugging away, kept me informed all the way through to settlement and now I have a mortgage that reflects the lowest rate possible. Thanks Gurdeep and I know that others that use your services will not be disappointed that they came to you.”

Wayne Jones

“A very professional service and caring attitude by Gurdeep & team. Great knowledge of products and very helpful throughout the process. Thank you for looking after our Mutual Clients. Keep working hard.
Keep rising.”

Najam

“Extremely helpful and friendly, Gurdeep’s financial knowledge is exceptional. He helped us when needed the most.

Highly recommended!”

Ajay Khera