Interest rate increase – Thursday 19 February 2026: interest rates for variable home loans and deposit rates across the majority of savings products have increased by 0.25%, effective 19 February 2026.

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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