We'll help you fund your new build or renovation

Building your dream home or undertaking a major renovation can be an exciting journey, yet accessing the right financial resources is crucial. At Objective Wealth, we specialise in Construction Loans, offering you the tools to turn your vision into reality. Whether you're in Canberra, ACT or elsewhere in Australia, our goal is to help you find Construction Loan options from banks and lenders across Australia that suit your needs and lifestyle.

When you decide to embark on a new build or substantial home improvement project, understanding Construction Loans is essential. Unlike traditional loans, Construction Loans are typically disbursed in stages through a progressive drawdown process. This means you only charge interest on the amount drawn down, helping manage costs effectively. As each construction milestone is reached, funds are released in instalments. These progress payments ensure that your registered builder and sub-contractors like plumbers and electricians are paid on time, keeping your project on track. An ‘as if complete’ valuation is often required at various stages of the project to assess the work done compared to the original plan.

Applying for a loan with Objective Wealth is straightforward due to our streamlined application process. We guide you through council plans, permits, and development application requirements, ensuring compliance with council regulations. We also assist in setting up a Progressive Payment Schedule tailored to your project's needs. This includes interest-only repayment options during the construction phase, allowing financial flexibility until your project is completed. In addition, a Progressive Drawing Fee might apply, but we ensure transparency from the Disclosure Date until the completion of your project.

Choosing the ideal location and suitable land within your price range is vital. Whether you're looking to demolish an existing property or buy off the plan, having a clear plan is essential. Our expertise helps you navigate council restrictions and Out of Contract Items not included in the initial agreement, safeguarding against unforeseen costs. We also explore home improvement loan alternatives for additional payments that might be necessary during construction milestones.

Construction Loans require you to commence building within a set period from the Disclosure Date, making time management crucial. We understand that every project is unique, and our personalised approach ensures your loan terms align with your specific timeline and goals. By focusing on your needs and the various stages of your project, we aim to provide a stress-free experience.

To sum up, Objective Wealth is here to support you every step of the way with Construction Loans that cater to your specific requirements. From interest rate considerations to managing progress payments, our services are designed to simplify the process for you. If you're ready to take the next step in building or renovating your dream home, contact us today to explore how we can assist in making your vision a reality.