Construction Loans in Adelaide
Find the right finance for your construction needs!
Do you want to build your dream home, renovate or extend your existing home, or build an investment property?
Let Adelaide’s best mortgage brokers simplify the finance process for you.
Find a construction loan in Adelaide that balances features, flexibility, and cost.
Value beyond your construction loan
Discover what you can expect from your dedicated Rise High broker.
Understanding construction loans
Learn about how key aspects of construction loans work.
Important factors of construction loans
Explore the structures, features and costs to consider as part of your loan.
Important factors of construction loans
Explore the structures, features and costs to consider as part of your loan.
Get a construction loan with Rise High: step-by-step guide
Get finance-ready – Upload your financial documents through the Rise High portal so your broker can assess your position, borrowing capacity, deposit requirements and the right construction loan structure.
Get finance-ready – Upload your financial documents through the Rise High portal so your broker can assess your position, borrowing capacity, deposit requirements and the right construction loan structure.
Prepare your build for valuation – We work with your chosen builder to collect the Build Pack, including your contract, plans, selections and specifications, ready for the bank’s valuer to assess the completed property value.
Prepare your build for valuation – We work with your chosen builder to collect the Build Pack, including your contract, plans, selections and specifications, ready for the bank’s valuer to assess the completed property value.
Build with a clear plan – Your broker will help structure your lending with your current position and longer-term goals in mind, so you can move forward with confidence.
Build with a clear plan – Your broker will help structure your lending with your current position and longer-term goals in mind, so you can move forward with confidence.
Coordinate the moving parts – Rise High helps manage communication between you, your builder, the valuer and the lender, keeping the finance process clear and on track.
Coordinate the moving parts – Rise High helps manage communication between you, your builder, the valuer and the lender, keeping the finance process clear and on track.
Other ways we help – Your broker continues to support you as your financial needs change, whether through refinancing, investing in property, or more.
Other ways we help – Your broker continues to support you as your financial needs change, whether through refinancing, investing in property, or more.
The basics: understanding construction loans
Construction loans are usually released in stages rather than as one lump sum.
As your build reaches different agreed milestones, your builder submits an invoice and the lender releases a progress payment, subject to its requirements. Typical stages may include slab, frame, lock-up, fixing and completion.
Your Rise High broker can help coordinate the process, so you know what is required at each stage and what needs to happen before funds are released.
A fixed-price building contract sets out the agreed cost of your build before construction begins.
Lenders generally use this contract, together with your plans and specifications, when assessing your construction loan. It gives the lender a clearer picture of the total project cost and helps reduce uncertainty around funding.
It is still important to understand what is included, excluded or allowed for in the contract, as some costs can sit outside the agreed price.
Before approving a construction loan, the lender will generally arrange a valuation based on your land, building contract, plans and specifications.
The valuer estimates what the completed property is expected to be worth once construction is finished. This figure helps the lender determine how much it is prepared to lend.
In some cases, further inspections or valuations may also be required during the build before certain progress payments are released.
Your deposit is the amount you contribute towards the land and construction costs rather than borrowing from the lender.
The amount you need will depend on factors such as the total project cost, property value, your financial position, the loan-to-value-ratio, and the lender’s requirements.
You may also need funds available for costs that sit outside the construction contract.
Understanding the required funds upfront can help you plan your cash flow before building begins.
A variation is a change made to your building contract after it has been signed. This could include upgrading finishes, changing plans or adding features during construction.
Variations can increase the overall cost of the build and may not automatically be covered by your approved loan amount.
Before agreeing to a change, it is worth talking to your broker to understand how it will be funded and whether it affects your lending, valuation or available cash.
A construction loan will generally be interest only during construction and will revert to principal and interest afterwards.
Many lenders do this to aid in cash flow during the building process.
This can make repayments lower initially. To avoid being caught-off guard when they increase, build a strong understanding of your exact repayment structure and what you will be paying.
Important factors of your construction loan to consider
Your construction loan structure refers to how the lending is set up across the land, build and any other properties you own. Getting this right can help protect flexibility, particularly by avoiding unnecessary cross-collateralisation between properties.
Rise High prioritises structure from the outset, working through how the loan should be arranged so it suits your current position, construction plans and longer-term goals.
Construction loan features refer to the options built into the loan, such as offset accounts, redraw, repayment arrangements and how funds are released during the build.
The right features can affect cash flow, flexibility and how easily the loan works as construction progresses.
Rise High prioritises these details, helping ensure the features included in your loan are practical and suited to how you want to manage the build.
Construction loan costs can include establishment, valuation, progress inspection, settlement and ongoing fees, depending on the lender and loan.
These costs should be considered alongside the interest rate, structure and features rather than viewed in isolation.
Rise High takes the full cost of the loan into account when comparing options, helping ensure the overall setup makes sense for your construction plans and financial position.
Important factors of your construction loan to consider
Your construction loan structure refers to how the lending is set up across the land, build and any other properties you own. Getting this right can help protect flexibility, particularly by avoiding unnecessary cross-collateralisation between properties.
Rise High prioritises structure from the outset, working through how the loan should be arranged so it suits your current position, construction plans and longer-term goals.
Construction loan features refer to the options built into the loan, such as offset accounts, redraw, repayment arrangements and how funds are released during the build.
The right features can affect cash flow, flexibility and how easily the loan works as construction progresses.
Rise High prioritises these details, helping ensure the features included in your loan are practical and suited to how you want to manage the build.
Construction loan costs can include establishment, valuation, progress inspection, settlement and ongoing fees, depending on the lender and loan.
These costs should be considered alongside the interest rate, structure and features rather than viewed in isolation.
Rise High takes the full cost of the loan into account when comparing options, helping ensure the overall setup makes sense for your construction plans and financial position.
Ready to find out more?
Our award-winning brokers are always here to support you in achieving your financial goals. With a fee-free service, complimentary loan reviews that save you money, and regular updates and communications, you can always be confident to have a lifelong financial partner that will keep your best interests at heart!