Land loan

A land loan is step 1 in two step process when building or constructing a home.

These loans are treated as an investment loan in relation to stamp duty (exception: First Home Owners) and therefore need to be chosen carefully.

Construction Loan

As above this is generally part 2 of the process and requires a fixed price builders contract and approved plans.  This loan is separate from the initial “land loan” but must also be compatible.