Buying guide
NZ Construction loans: Everything you need to know (2025)
The Trade Me Property guide to financing your next build
AI summary
Building a home in New Zealand? Our guide to construction loans covers the key steps. Aim for a deposit of at least 10% of the total land and build cost.
These loans differ from standard mortgages, with funds released in stages as progress payments to your builder. You can often make interest-only payments during construction.
Choose between a simple Turn key contract (land and build) or a more flexible Build-only option. Be wary of provisional costs (PCs) and budget for overruns.
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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