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 starts with a construction loan. You should aim for a deposit of at least 10% of the total land and build cost. The loan is paid out in stages via progress payments as construction milestones are met, often with interest-only repayments during this period.
Key contract types include simple turn key packages or more flexible build-only contracts. To ensure a smooth process, talk to lenders or a mortgage broker early and budget for potential cost 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
-fotor-2024080816437.jpg)
The right loan can make building much easier.
A note on provisional costs (PCs)
Finding the right construction loan
Author
Discover More
This former theatre could be yours, just prepare to pay $3.8m to do it up
Details released for the sale of a former theatre in Dunedin, which requires an estimated $3.8m renovation to fix up.
Bought sight unseen on Mum's advice: Saying goodbye to a beloved beachfront home after 33 years
Bought sight unseen on his mother's recommendation, Richard Wilkie reflects as he says goodbye to his coastal home.
Search
Other articles you might like
