Construction finance facilities can be used to provide finance when you are building a house, completing a major renovation or demolishing and rebuilding. It allows you to progressively draw down on the facility in stages, only paying rent on the amount drawn during the construction period.
Product data
The lender's Consumer Data Right data, as collected by Homepedia. Nothing in this part comes from a channel.Rates
| Rate | Comparison* | Applies to | Conditions | Source | Since |
|---|---|---|---|---|---|
| 7.79% | 7.36% | Variable · investment · interest only · LVR 80% or less | Construction | CDR | 1 Nov 2026 |
| 8.11% | 7.62% | Variable · investment · interest only · LVR 80%–90% | Construction | CDR | 1 Nov 2026 |
| 7.65% | 7.09% | Variable · owner occupied · interest only · LVR 80% or less | Construction | CDR | 1 Nov 2026 |
| 7.92% | 7.30% | Variable · owner occupied · interest only · LVR 80%–90% | Construction | CDR | 1 Nov 2026 |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable.
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Source
CDR officialConsumer Data Right product dataShow where this comes from
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- 1 Nov 2026
- URL
https://prd.pm.productdata.au/634f7ed1-e01b-44ef-8ad2-8a7465c9c40a/adapter/cds-au/v1/banking/products/amlak-select-construction- Content hash
sha256 dfb5050247cfe947a5efece4051a6f53dcc21636e3d7b1a23f18708effe67d96- Rule version
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Consumer Data Right product dataev_cdr_dfb5050247cfe947_1d84f0c2Show details
- Checked
- 1 Nov 2026
- URL
https://prd.pm.productdata.au/634f7ed1-e01b-44ef-8ad2-8a7465c9c40a/adapter/cds-au/v1/banking/products/amlak-select-construction- Content hash
sha256 dfb5050247cfe947a5efece4051a6f53dcc21636e3d7b1a23f18708effe67d96- Excerpt
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Page and PDF snapshots are kept by Homepedia; the hash above identifies the exact version we read. Data as at 1 Nov 2026.
Fees
| Fee | Type | Amount |
|---|---|---|
| Application Fee | Upfront | $965.00 |
| Valuation Fee | Event | Set in your letter of offer |
| Discharge Administration Fee | Exit | $300.00 |
| Discharge Documentation Fee | Exit | $250.00 |
| Construction Assessment Progress Fee | Event | $650.00 |
| Construction Administration Fee | Event | $120.00 |
Features and eligibility
| Item | Value | Details |
|---|---|---|
| Extra repayments | Allows borrowers to make additional repayments on the finance facility to reduce rent and pay off the facility faster. | |
| Eligibility: min age | 18 | Applicants must be at least 18 years old to apply for this finance facility. |
| Eligibility: residency status | Are Australian or New Zealand citizens living and working in either Australia or New Zealand, or are Permanent Residents of Australia living and working in Australia. | |
| Limit: other | P30Y | |
| Limit: max limit | 1500000.00 | |
| Limit: other | P15Y | |
| Limit: min limit | 50000.00 |
Rate history
| Rate | From | To | Rate p.a. | Comparison |
|---|---|---|---|---|
| Variable · investment · interest only · LVR 80%–90% | 1 Nov 2026 | Current | 8.11% | 7.62% |
| Variable · owner occupied · interest only · LVR 80%–90% | 1 Nov 2026 | Current | 7.92% | 7.30% |
| Variable · investment · interest only · LVR 80% or less | 1 Nov 2026 | Current | 7.79% | 7.36% |
| Variable · owner occupied · interest only · LVR 80% or less | 1 Nov 2026 | Current | 7.65% | 7.09% |
*Comparison rates are calculated on a $150,000 secured loan over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Fees and charges are payable.
Tags
| Tag | Meaning | Effect |
|---|---|---|
purpose:construction | Construction | Left out of the standard home loan table |
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