Planning to build your new home? Our borrowing power calculator helps you understand how much you can borrow for your construction project. Whether you're a first-time buyer or refinancing, knowing your borrowing capacity is essential.
Discover the costs involved and how current interest rates, starting from 5.99% p.a. in March 2026, can influence your repayments. For more guidance, visit our First Home Buyer and Refinance resources.
Understanding Construction Loans
A construction loan is a specialised mortgage designed to finance the building of a new home or major renovations. These loans typically have different structures compared to standard mortgages, often involving progress payments aligned with construction milestones.
How the Rates Affect Your Construction Loan
As of March 2026, lenders are offering rates from 5.99% p.a., which can significantly impact your borrowing costs. It's important to compare offers and understand whether fixed or variable rates suit your project.
Factors to Consider When Using Our Calculator
- Project duration and timeline
- Construction costs and contingencies
- Deposit amount and equity
- Loan term and repayment preferences
Locations and Building Opportunities
If you're considering building in Sydney, explore suburbs like Sydney suburbs for potential sites. Our calculator can help tailor your repayments based on your desired location and project scale.
Additional Resources
For detailed steps on planning your build, read our First Home Buyers Guide. If you're an investor, learn about financing options for investment properties.
Building your new home is an exciting journey. Use our construction loan calculator to get a clear picture of your repayments and financial requirements. If you have questions or need personalised advice, contact our experts today.
Let us help you turn your dream build into reality with the right financing options tailored to your needs.