Buying guide
NZ Construction loans: Everything you need to know (2025)
The Trade Me Property guide to financing your next build
AI summary
Planning a new build? Securing a construction loan 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 as progress payments. Key decisions include choosing between a simple turn key contract or a more flexible build-only agreement.
Be wary of low provisional cost (PC) estimates to avoid budget blowouts. Always shop around and consider using a mortgage broker for advice.
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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