Buying guide
NZ Construction loans: Everything you need to know (2025)
The Trade Me Property guide to financing your next build
AI summary
Planning a new build requires a construction loan, which typically needs a 10% deposit. Unlike standard mortgages, funds are paid to your builder in stages as work progresses. During the build, you may have interest-only payment options.
To apply, you'll need a land agreement, a builder's contract, consents, and a valuation. You can choose a simple Turn key contract or a more flexible Build-only agreement. It's wise to budget for cost overruns and seek professional advice.
How much deposit do I need for a construction loan?
How do construction loans work?
How to apply for a construction loan
You won't get far without finance.
How much can I borrow with a construction loan?
A closer look at construction loan progress payments
Types of construction contracts
1. Turn key
2. Build-only
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The right loan can make building much easier.
A note on provisional costs (PCs)
Finding the right construction loan
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