Construction Loans
Purchasing vacant land and building a new house from scratch can be a great way to own your own home sooner. If this is your strategy, then you’ll need a Construction Home Loan.
If however you are a property investor or a DIY renovator, you’re more likely to be interested in buying rundown properties for renovation and later sale for profit. You’ll need a Construction Home Loan too, and indeed many Australians are now embracing this practice as it’s often a better way to find value in expensive property markets such as Sydney and Melbourne.