Planning to build or renovate?
Whether you're building a new home, renovating your current property or planning an extension, Aurevia helps you explore suitable finance options and navigate the lending process.
How we help finance your project.
Building a new home
From purchasing land to financing construction, we'll help you understand your borrowing options and how funding works throughout the building process.
Renovating your property
Planning improvements to your current home? We'll help you explore finance options based on your renovation budget, project requirements and available equity.
Extensions and major improvements
Need more space or planning structural changes? We'll help you understand lender requirements and explore suitable finance options for your project.
Meet your partner in finance, RK.
Building or renovating a home is exciting, but managing construction costs, lender requirements and financing arrangements can make the process feel complicated.
RK takes the time to understand your project, explain your borrowing options and help you make informed decisions about financing your build or renovation.
From exploring suitable construction loans to navigating progress payments and managing your application, he'll guide you through the lending process, from your first conversation through to settlement and beyond.
RK is available 7am to 7pm, 7 days a week.
Talk to RK directly on 0412 517 237
What matters when financing your project.
Your construction budget
Lenders may assess your building contract, estimated project costs and available funds before approving finance. Planning for unexpected expenses is also important.
How progress payments work
Construction loans commonly release funds in stages as building work progresses. Understanding payment schedules and lender requirements can help you prepare.
Your repayments during construction
Some construction loans allow interest-only repayments on the amount drawn during construction. Repayment arrangements and loan conditions vary between lenders.
Let's talk about your project.
Whether you're ready to build, planning a renovation or still working out your budget, RK can help you understand your finance options and what to consider next.
Frequently Asked Questions.
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A construction loan is designed to finance building a new home or certain major renovations. Unlike a standard home loan, funds are generally released in stages as construction progresses. Lenders may require inspections or documentation before each payment.
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Deposit requirements depend on the lender, your financial position and the total project cost. If you already own land, the equity in that land may contribute towards your deposit. We'll help you understand how lenders assess your available funds.
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Potentially. If you've built up sufficient equity in your property, you may be able to borrow against it to fund renovations. The amount available depends on your property's value, existing mortgage, borrowing capacity and lender requirements.
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Generally, yes. Many construction loans allow interest-only repayments on the funds drawn during construction, rather than on the full approved loan amount. Once construction is complete, repayments may change depending on your loan agreement.
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You may need to cover additional costs yourself or apply for further finance, subject to lender approval. Allowing room in your budget for unexpected expenses can help reduce financial pressure during construction.
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Yes. Depending on the scope of the work, you may be able to use a construction loan, access existing property equity or explore other lending arrangements. We'll help you understand which options may suit your project and circumstances.