Finance · Construction
Building finance, staged to the build
Construction loans drawn in progress payments, land-only facilities, and approval timing that survives a delayed title.
as at 15 November 2026
General information only and not credit assistance. Estimates are not an offer, quote or approval. Lending is subject to lender approval, terms, fees and charges. Next Step Financing Pty Ltd (ABN 77 680 857 416, Australian Credit Licence 384704, Credit Representative 563367).
Part of the IR Property Group one-roof team
Separate businesses. One roof. One plan.
Who it suits
Buyers building a new home, purchasing land to build later, or buying a house and land package where the title has not yet issued.
Construction lending needs a fixed-price building contract, approved plans and a builder the lender will accept. Funds are released in stages after inspection, and you pay interest only on what has been drawn.
Before applying
- Fixed-price contract and specifications
- Council-approved plans and permits
- Builder registration and insurance
- Land title status or estimated title date
How the money is released
- 01
Stage 1
Base
Paid after the slab or footings are complete and inspected.
- 02
Stage 2
Frame
Paid after the frame passes inspection.
- 03
Stage 3
Lock-up
Paid once the building is enclosed and secure.
- 04
Stage 4
Fixing
Paid after internal fit-out is complete.
- 05
Stage 5
Completion
Final payment after the occupancy certificate.
Documents needed
- Land contract or title
- Fixed-price building contract
- Approved plans and permits
- Builder's registration and insurance
- Specification and inclusions schedule
- Council and estate requirements
Common mistakes
- Assuming a pre-approval covers the build before the contract is fixed
- Underestimating variations and site costs
- Letting the land settle long before the build starts
- Not confirming the lender's accepted builder list
as at 15 November 2026
General information only and not credit assistance. Estimates are not an offer, quote or approval. Lending is subject to lender approval, terms, fees and charges. Next Step Financing Pty Ltd (ABN 77 680 857 416, Australian Credit Licence 384704, Credit Representative 563367).
How a referral between businesses works
When the right next step sits with another business in the group, we ask you first. You decide whether the introduction happens.
- Client consent first — nothing about you is shared with another business without your agreement.
- Each business advises only within its own licence. IR Property does not give tax or credit advice, GBS advises on tax and accounting only, and Next Step Financing provides credit assistance only.
- Any referral fee, commission or benefit paid between businesses in the group is disclosed to you before you engage.
Common questions
Where to go next
Start with a conversation
One free consultation. Three services. No obligation.
Tell us what you're trying to do and we'll tell you plainly whether property, accounting, finance — or all three — is the right starting point.
Property notes, once a month
Market movement across Melbourne and regional Victoria, tax changes worth knowing about, and lending shifts explained without the spin.