Building or renovating
Building or renovating is a great way to get the house you want. You have the freedom to add quality craftsmanship and the design features that you and your family value. Creative projects are both exciting and stressful – that’s why we’re here to help with the basics like getting the right mortgage and saving money.
Before you start, you need the right features on your home loan. To save on interest and have greater control of your project, choose a Building Loan to draw down funds progressively as you meet building milestones. We can set up and manage progress payments for you. You might also consider a line of credit, with separate sub-accounts for your home loan, investments, and lifestyle needs.
We can help streamline your research as well. To save time and gather some ideas, read our Home Builder’s Checklist (PDF 18KB) for hints on choosing the right builder, choosing your land and the design of your home, and costs involved with building a home. With so much to think about, it’s important to have the home loan to suit your project.
When you’re ready to talk things through, we’re here to help.
Enquire now or speak to one of our home loan experts on 13 13 76.
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Suggested Home Loans for Building or Renovating
Building Loan
Save on interest by drawing down your home loan progressively as you build your new home.
Advantage Package
Ask how you can package your home loan, credit card and transaction account to get interest rate discounts and fee waivers that could save you thousands.¹
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Home loan features
Important information
Conditions, fees and credit criteria apply.
Before making a decision, it’s best to read the terms and conditions:
- Portfolio Loan Agreement - General Terms and Conditions (PDF 194KB)
- Residential Loan Agreement - General Terms and Conditions (PDF 1MB)
- Loan Accounts - Charges for specific services and accounts (PDF 105KB)
Please read these documents and keep a copy. You can request a paper copy at a branch. The information on our website is prepared without knowing your personal financial circumstances. Before you act on this general information, please consider if it’s right for you. If you need help, call 13 13 76.
1Advantage Package Terms and Conditions apply. A $395 annual package fee applies and is payable from an eligible BankSA transaction account. The discount and fee savings apply for the duration of the package. Before deciding to acquire a BankSA transaction account, read the terms and conditions and consider if the product is right for you.