Building your own home? I work for you, not your builder. Independent construction finance from an adviser whose only client is you — progress payments structured properly, land and build finance coordinated, and no sales-office pressure.
If you're planning to build, the finance matters as much as the floor plan. I provide independent construction finance advice directly to owners — not through builder referral arrangements. That means my recommendations are built around your situation: the right lender for staged progress payments, coordination of land and construction loans, and clear guidance from slab to settlement. You deal with one dependable finance specialist throughout, whose only obligation is to you.
Construction Finance - Independent Assistance
How progress payments work
Building your new home in WA doesn't happen all at once, and neither does your loan settlement. Most lenders use a progress payment schedule where funds are released incrementally as major construction milestones are verified. This staged approach allows for better cash flow management and ensures funds are used appropriately as the build advances.
Typically, payments occur at stages such as Slab, Plate Height, Roof, Lock-up, and Final Completion. Because you only pay interest on the funds that have been drawn down, your monthly repayment starts small and gradually increases. This provides much-needed relief while you may still be managing existing rent or mortgage costs during the construction phase.
Fixed price contracts (required by most lenders)
Lenders in Western Australia typically require a fixed-price building contract before approving a construction loan. This contract provides you—and the bank—with a guarantee that the total cost of your build is locked in from the start. By removing the risk of unexpected price escalations during the project, these contracts ensure your financing remains stable from slab down to final settlement, providing a secure and predictable path for your new home journey in Perth.
Deciding between a house and land package and a split contract is a fundamental part of building in Perth. A house and land package presents a streamlined, single agreement, while split contracts—very common in WA—involve separate contracts for the land purchase and the build. Each option comes with its own set of considerations for stamp duty and financing windows. I'm here to provide honest, clear advice on these differences and help you manage any risks, ensuring your loan structure is robust and ready for every stage of construction.
House & land vs split contracts
Timing of grants / upfront cash flow
Managing the cash flow for a new build in Perth starts with knowing when your grants and capital become active. In Western Australia, government incentives like the First Home Owner Grant are typically disbursed at specific construction milestones, such as the completion of the slab. We focus on ensuring you have a clear understanding of when funds will arrive and how your upfront equity will be used, providing a secure and reassuring framework for your construction journey without the stress of unexpected shortfalls.
