Interest rate increase – Thursday 5 February: Following the RBA’s decision to change the official cash rate, interest rates for owner‑occupier and investor variable loans will increase by 0.25%, effective 19 February 2026. From 19 February 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.
A construction home loan is a type of mortgage loan that is used to finance the construction of a new home or large renovation project. The loan is typically used to pay for the cost of the land, the cost of the construction, and the cost of any associated fees and permits.
Generally, the loan is disbursed in stages, with funds being released as the construction progresses. Once the home is completed (or the construction period has elapsed - usually 12 months), the home construction loan reverts to a traditional mortgage loan.
We respectfully acknowledge the Traditional Custodians of all the lands on which we live and work, and we pay our respects to Elders past and present. We recognise their continued connection to the land, waters and culture and we acknowledge that sovereignty has never been ceded. Our head offices are located on the land of the Wurundjeri Woi Wurrung people of the Kulin Nation in Victoria, and the land of the Gadigal people of the Eora Nation in New South Wales.
We are an equal opportunity employer that celebrates the diversity, equity and inclusion of all people.
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