September brought about a fresh wave of news in Australia’s business and finance sector. Over the past month, the Federal Government has made it easier...Read more
Construction home loans are a type of loan designed for people who are interested in building a new home, or for major renovations as opposed to purchasing an established property. It has a differing structure compared to home loans for people buying an existing home.
Most major lenders offer construction loans that are interest-only during the construction period before reverting to a standard principal and interest loan.