Wednesday 4 November 2026: 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 November 2026. From 19 November 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

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Differences between a construction loan and a home loan

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FAQs

How does a construction loan differ from a home loan?

Unlike home loans, which you typically receive the whole loan amount at settlement, construction loans allows funds to be drawn in stages, as you receive progress payment requests from your builder and tradespeople.

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