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 requires a construction loan. You should aim for a deposit of at least 10% of the total land and build cost, though lower deposits may be possible.
Unlike standard mortgages, funds are released in stages via progress payments as work completes. Consider a simple turnkey contract for price certainty or a flexible build-only agreement. It is crucial to 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
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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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