Buying guide
NZ Construction loans: Everything you need to know (2025)
The Trade Me Property guide to financing your next build
AI summary
Financing a new build in New Zealand requires a construction loan. You'll generally need a deposit of at least 10% of the total land and build cost. The loan is drawn down in stages via progress payments to your builder as work is completed.
Key options include a simple Turn key contract with price certainty or a more flexible Build-only contract. Be cautious of provisional costs (PCs) in your contract, as these can lead to budget blowouts.
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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