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? This guide to NZ construction loans covers the essentials. You should aim for a deposit of at least 10% of the total land and build cost. Funds are released via progress payments as construction milestones are met.
Key contract types include simple Turn key packages or more flexible Build-only agreements. Be mindful of provisional costs (PCs) in your contract and consider getting pre-approval for extra funds to cover potential budget overruns and avoid surprises.
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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