At LoanBrix, we have years of expertise in providing financial solutions for homeowners looking to demolish and rebuild their existing residential properties or construct brand-new homes on vacant land.
Whether you’re dreaming of a custom-designed home on your current block or starting fresh on a new site, our tailored construction loans make your vision achievable.
Transform your existing property by demolishing the old structure and building your dream home on the same land. Perfect for homeowners who love their location but need a modern, functional home.
With land prices in Bayside and the East remaining high, more Melburnians are choosing to stay put and rebuild.
Equity-Based Lending: We specialise in using your existing land equity in suburbs like Brighton or Burwood as your “deposit,” often eliminating the need for cash outlays.
Council Approval Delays: We work with lenders who offer extended “Approval-to-Build” windows (up to 12-18 months) to account for current Melbourne council planning delays.
Finance the purchase of land and construction of your new home in one seamless package. Ideal for those starting fresh or building in developing areas.
Whether you’re working with a project builder or custom designer, we structure loans that accommodate unique plans and specifications.
Melbourne’s “Greenfield” corridors—including Tarneit, Wollert, Clyde North, and Sunbury—are the engines of the Victorian property market. Financing a build in these master-planned communities requires a specialized “Land then Build” strategy to ensure your construction loan aligns with land titling and builder milestones.
Most buyers in Melbourne’s new estates secure their land first and then a construction contract. We typically structure this as a two-part loan:
The Land Settlement: A standard mortgage to secure your block once it “titles” (becomes legally yours).
The Construction Facility: A specialized loan triggered once your building contract is signed and council-approved plans are in place.
Lenders currently view Melbourne’s growth corridors with high confidence due to massive infrastructure investment:
West (Truganina, Rockbank, Tarneit): Home to the fastest-growing population in Australia. We offer “Low-Deposit” construction options here starting at 5% deposit via the Home Guarantee Scheme.
North (Mickleham, Donnybrook, Wollert): As the 2026 town centres and schools open, equity in these areas is rising. You can often use your land equity to fund your entire construction deposit.
South East (Clyde North, Pakenham East): With the Pakenham East Station and Metro Tunnel now active, these estates are premium targets for families. Lenders are currently offering aggressive interest-only periods of up to 24 months for builds in these zones.
Unlike a standard loan, your Melbourne construction loan is drawn down in stages. This ensures you only pay interest on the money actually spent.
In 2026, Victorian builders can leverage several “stacked” incentives:
First Home Owner Grant (FHOG): A $10,000 cash grant for new homes in Melbourne valued up to $750,000.
Stamp Duty Exemptions: Full exemption for FHBs on properties up to $600,000, with concessions up to $750,000.
Help to Buy Scheme: A current initiative where the government contributes up to 40% equity for new builds, allowing you to buy with a tiny 2% deposit.
Many Melbourne councils have introduced “Better Decisions Made Faster” reforms this year, which can fast-track townhouse and small-lot planning permits to just 10–30 days. We can help you secure “Subject to Approval” finance to ensure you’re ready to build the moment your permit drops.
Building a new home, whether through knockdown-rebuild or on a vacant lot, gives you complete control over design, layout, and materials. Our specialised loans provide:
Comprehensive Financing: Single-application loans covering demolition, construction, and all associated costs.
Stage-Based Drawdowns: Progressive payments aligned with your builder’s milestones.
Competitive Rates & Terms: Customised financial solutions for your specific project type.
Expert Guidance: Advisors who understand the finances behind rebuilding and new construction projects.
We evaluate your project’s feasibility, whether it’s a rebuild on existing land or new construction on vacant land, ensuring your vision aligns with your budget.
We design financing that covers:
For Rebuilds: Demolition, site preparation, construction, and contingency funds
For New Builds: Land purchase, construction costs, approvals, and incidentals
Temporary accommodation if needed during construction
Once approved, funds are released in predetermined stages as certified by your builder, ensuring smooth project progression.
We remain your financial partner throughout construction, offering guidance and flexibility as your project evolves.
Create a home that perfectly matches your lifestyle, preferences, and future needs without compromise.
Building new or rebuilding often offers better value than buying established, with potential savings on stamp duty and immediate equity growth.
Enjoy the benefits of contemporary building codes, energy efficiency, smart home technology, and low-maintenance materials.
Rebuilds: Retain your established neighbourhood, schools, and community connections
New Builds: Choose emerging areas with growth potential or your ideal lifestyle location
Simplify your project with end-to-end financial management covering all aspects of construction.
Homeowners with outdated properties ready for transformation
Landowners looking to build their first or forever home
Families needing space customisation or modern amenities
Property investors seeking to maximise value through development
Downsizers wanting single-level, accessible designs
First home buyers utilising government grants and concessions
Our expertise covers Melbourne’s unique building requirements. From heritage overlays to urban growth zones, we help Melbourne homeowners finance their perfect home.
Rebuild loans include demolition costs and leverage existing equity, while new construction loans typically combine land purchase and building costs. We structure both to match your specific project.
We typically offer up to 80-95% of costs depending on project type, with rebuilds often accessing higher ratios due to existing land equity. However, an LVR above 80% may be charged Lenders Mortgage Insurance (LMI). You can talk to us about how to potentially lower you LVR. Sometimes we may be able to negotiate with lenders in your favour.
Initial assessments may be processed within a few business days, with full approval subject to property valuation, council approvals, and builder documentation.
Yes, we can incorporate these into your loan during initial structuring or as variations during construction.
We finance projects with licensed builders meeting insurance and certification requirements.
This can be a major concern for new build projects. We help ensure your finance is structured to work alongside VMIA Domestic Building Insurance (DBI), helping you navigate the “step-in” rights required to appoint a new builder and finish your project.
We have relationships with all the major financial institutions and are constantly reviewing new and innovative loans to help provide you with the best possible solution.
We have over one hundred 5 Star ratings from clients on our Google business profile. We pride ourselves on customer service, and aim always to provide the best possible experience.
To become a member, individuals must meet specific requirements, including professional qualifications, a good character, and holding an Australian Credit Licence (ACL) or being a Credit Representative.
Contact Us now or Book a Time with a broker to start your journey. Have a chat with LoanBrix about your finance needs in person, over the phone or online, whatever works easiest for you.
Your file is submitted to the lender for approval. Regular updates are provided to you throughout the process.
Your loan is approved! Document signing is arranged and LoanBrix helps coordinate your settlement.
Your loan has settled! Your finance journey continues and the LoanBrix team look forward to working with you both now and in the future.
LoanBrix® is an Authorised Credit Representative 367121 under Australian Credit License 384704. ABN: 91 136 505 845 GCorp Finance Pty Ltd.
