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 new home? Understanding NZ construction loans is your first step. You'll generally need a deposit of at least 10% of the total land and build cost.
Unlike standard mortgages, funds are released in stages via progress payments as construction milestones are met. Key contract types include simple Turn key packages or more flexible Build-only contracts. Be mindful of provisional costs (PCs) in your contract and secure extra pre-approval to avoid budget blowouts during the project.
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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