Construction Loans

Purpose-built finance for new builds, renovations, and everything in between.

At FYX Finance, we help Australians bring their property plans to life—whether you’re starting from a slab or adding a second story. Our construction loans are designed to give you flexibility during the build and clarity from start to finish. We don’t just fund projects—we help shape them with you.

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What Is a Construction Loan?

A construction loan is a tailored lending solution for people building or significantly renovating a home. Unlike a traditional mortgage, where funds are released in full at settlement, construction loans operate on progress drawdowns—you receive funds in stages aligned with key construction milestones.

This means you:

Only pay interest on the amount drawn, not the entire loan
Can budget as you build, with clear cost breakdowns
Gain financial flexibility during your project’s most dynamic phase

For those embarking on new build loans, home extension construction loans, or even prefab home construction loans, this structure offers cost control and transparency at every step.

Who Are Construction Loans For?

Our construction loans are purpose-built for Australians who are ready to shape their next chapter, not just buy into it. Whether you’re managing blueprints or bringing an old property back to life, this loan is for you if:

You’re building a brand-new home

from a blank block, house-and-land package, or a knockdown rebuild

You’re renovating or extending

adding value with structural upgrades like second-storey additions or major overhauls

You’re investing in a prefab/modular build

with staged funding during off-site and on-site construction

You’re an owner-builder

and need a lender who understands the unique structure and compliance needed

You want more control over how funds flow

and need a drawdown model that tracks with your project

You need finance that flexes with your timeline

whether it’s six months to fit-out or two years from slab to final inspection

If your project needs funding that works with you—not against your progress—this loan is designed for that.

Talk to FYX about the right construction loan for your build.

Key Features of FYX Finance Construction Loans

Our loans are designed to deliver clarity and confidence from blueprint to final coat of paint:

Pay interest only when building

Save with offset account options linked to your undrawn funds

Flexible drawdown structure to match build timelines

Transparent progress drawing fee structure—no hidden costs

New build loans and rebuilding loan options

Prefab home construction loans available for modular or kit builds

Whether you’re building on a blank block or replacing a tired home with something new, we align funding with your vision and your timing.

How Do Construction Loans Work?

We break the loan down into five key construction stages, each supported by a progress payment:

After each stage, your builder submits an invoice, and you complete a progress drawing request. A property appraiser may inspect the site to confirm completion. Once approved, we release funds directly to your builder.

Throughout the process, you pay interest only on the funds drawn, helping ease cash flow—especially helpful if you’re renting during the build or managing overlapping expenses.

Slab

Groundwork, plumbing, waterproofing and concrete slab poured

Frame

Walls, roofing framework, windows and essential structure

Lock Up

External walls, doors, and windows installed for security

Fit-Out

Electricals, cabinetry, painting, and internal finishes

Completion

Final clean, handover items, compliance documentation

What Can You Use a Construction Loan for?

New Builds

Renovations

Rebuilding

Prefabricated Construction

Extensions

Construction Loan Options

Loans for New Builds

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Building a brand-new home is a bold and exciting step—and it comes with its own set of financial considerations. FYX Finance offers new build loans that support your project from vacant block to finished keys-in-hand, with lending designed around the unique rhythm of construction.

Whether you’re a first home builder or upgrading to your forever home, our construction finance supports:

Funds released in progressive drawdowns at each build stage
Suited to first-home builds and house-and-land packages
Custom-designed homes on newly acquired land
Knockdown rebuilds on existing sites
Compatible with Government first home grants

A new home should feel like a fresh start, not a financing maze. FYX Finance helps make the journey clear, calm, and tailored to you.

Renovation Loans & Rebuilding Loans

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Sometimes it’s not about starting from scratch—it’s about creating something better from what you already have. Our renovation loans and rebuilding loans are tailored for substantial projects that go beyond cosmetic upgrades. Think second stories, extensions, or full knockdown-rebuilds.

These loans follow the same progress payment model and offer:

Flexible repayment options during the build
Integration with your existing mortgage structure
Tailored valuation requirements based on projected outcomes

If you’re an owner-builder, we’ll walk you through what’s needed to qualify. We understand the unique requirements of owner builder mortgages, and we work with lenders who are equipped to assess these applications fairly.

Prefabricated Home Construction Loans

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Prefabricated homes are a rising trend—and so is the need for flexible finance. At FYX Finance, our prefabricated home construction loans offer staged funding even while your home is being built off-site.

Loan funds can be accessed during factory construction
Secure lending with land as collateral during off-site phase
Clear caps on off-site drawdowns to manage risk
Full funding resumes on-site during affixation to land

Our team ensures all drawdowns align with lender and insurance conditions to protect your investment—before and after your prefab arrives on-site.

Valuation Requirements & Compliance

Before approval, we’ll arrange an ‘as-if-complete’ valuation—assessing your land and completed structure to determine its expected value. This helps both you and the lender understand your loan-to-value ratio, and ensures you’re borrowing responsibly for the scope of work.

Depending on the loan type, we may request:

A fixed-price building contract

Council-approved plans

Builder’s insurance (e.g., public liability and builder’s all-risk)

Home Warranty Insurance for licensed builders

Let's move forward together

Your loan contract will specify build timelines—typically, construction must begin within 12 months and be completed within 24 months of the first drawdown. We’ll keep your progress on track.

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FYX Finance: Built for Borrowers Who Think Ahead

We’re not just about getting a loan approved—we’re about getting the right loan for where you’re headed next.

Independent mortgage manager with access to a wide lender network

Non-bank flexibility and private lending pathways

Deep knowledge of commercial markets and business borrowing

Personalised support from first inquiry through to settlement and beyond

Start Building With FYX Finance

Let’s turn your floorplan into a footprint. Your vision deserves more than just funding—it deserves a lending partner who sees the full picture.

Speak with a construction finance expert

Check how much you can borrow

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