New Home Construction Loans

There’s nothing more rewarding than building a brand-new home, perfectly tailored to your vision. A construction loan is a specialised type of finance that funds your build in stages, from the slab pour to the final handover. At Max Rich, we are experts in construction finance, managing the entire process for you so you can focus on the build itself.

Construction Loans for Building Your New Home on the Gold Coast

In the booming growth corridors of the Gold Coast, from Pimpama and Coomera to the new estates in Wongawallan, building your dream home is a popular choice. Unlike a standard home loan, a construction loan requires careful management of builder payments, lender valuations, and staged fund releases. It’s a complex process that can be stressful if handled incorrectly. As your broker, we act as the crucial link between you, your builder, and the bank, ensuring a smooth financial journey from vacant block to your beautiful new front door.

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Explore your loan options & their features.

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Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

Borrowing Calculator

Use the calculator to find out how much you could borrow.

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Budget Planner Calculator

Use this budget planner to help understand your income and expenses, and where you could make savings.

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Extra Mortgage Repayments Calculator

You could potentially save thousands of dollars and take years off your loan by making extra repayments. Let’s run the numbers.

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Honeymoon Rate Loan Calculator

A honeymoon loan can help reduce your monthly repayments for a set term. Use this calculator to compare what your repayments would be compared to a variable loan.

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Income Tax Calculator

The income tax calculator can be used to calculate your net income.

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Loan Comparison Calculator

Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.

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Loan Repayment Calculator

Use this repayment calculator to understand how much your loan repayments might be.

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Lump Sum Repayment Calculator

This home loan repayment calculator helps you calculate the savings benefits of making additional lump sum repayments on your home loan.

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Mortgage Offset Calculator

Use the calculator to see how quickly you could pay off your loan with an offset account.

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Savings Planner Calculator

Use the calculator to find out how much you could save.

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Stamp Duty Calculator

Find out how much budget you need to set aside to cover Stamp Duty costs and what the requirements are in your state or territory.

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Frequently asked questions.

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Should I use a bank or broker?

A bank can only offer you its own limited range of products. As your mortgage broker, we offer you a choice from over 60 different lenders. We work for you, not the banks. Our role is to understand your unique needs, compare the market to find a suitable loan, and manage the entire process from application to settlement, saving you time and stress.

What are the types of mortgages?

There are several types of mortgages available to borrowers, each with its own features and benefits. The most common types include:

  • Fixed-Rate Mortgage: The interest rate remains the same throughout the life of the loan.
  • Adjustable-Rate Mortgage (ARM): The interest rate may change at specified times, usually resulting in lower initial payments.
  • Interest-Only Mortgage: The borrower pays only the interest for a certain period, after which they begin paying off the principal.

Choosing the right type of mortgage depends on individual financial situations and long-term goals.

What are the upfront costs I should be aware of when buying?

Beyond the deposit, there are several other costs to budget for. We believe in full transparency, so there are no "hidden fees." We provide all our clients with a clear breakdown of expected purchase costs, which typically include:

  • Stamp Duty (a state government tax)‍
  • Legal and Conveyancing Fees
  • Building & Pest Inspection Reports
  • Lenders Mortgage Insurance (LMI), if your deposit is less than 20%‍
  • Bank and Government Fees

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What does pre-approval mean and do I need it?

A pre-approval (also called conditional approval) is a formal confirmation from a lender of how much they are willing to lend you, subject to certain conditions. In the competitive Gold Coast property market, getting pre-approved is an essential first step. It proves to sellers and agents that you are a serious buyer and gives you the confidence to know your exact spending limit.

What happens to my mortgage when I move house?

When you move, you typically have two options. The most common is to 'discharge' your current mortgage using the proceeds from your property sale and take out a new loan for your next purchase. Alternatively, some loans have a 'portability' feature that allows you to transfer your existing loan to your new property, which can sometimes save on fees. We will advise you on the most cost-effective strategy for your situation.

What is a deposit bond?

A deposit bond is a type of insurance policy that can be used as a substitute for the cash deposit you need when you sign a contract of sale. It’s useful if your funds are temporarily tied up, for example, in an existing property or a term deposit. It guarantees the deposit amount to the seller, with the full purchase price paid at settlement.

Talk to us today about your options.

Let’s chat today and find the right solution for you. Whether you’re buying your first home, expanding your business, or upgrading your vehicle, Maxine and the Max Rich Brokerage team provide expert, obligation-free guidance across the Gold Coast, Logan, Brisbane, and the Scenic Rim, tailored to your goals.

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