RyRo Loan Centre arranges construction loans in Sydney for people building a new home, doing a knockdown rebuild or buying a house and land package. A construction loan pays your builder in stages as the build progresses, and you pay interest only on the amount drawn so far. RyRo compares construction lenders, sets up the progress payment schedule and manages each drawdown from its Norwest office in the Hills District, and is rated 5.0 from 359+ Google reviews.
Building a new home, doing a knock-down rebuild or working through a land and construction package? RyRo Loan Centre arranges construction loan finance from 50+ lenders and manages the process from pre-approval through to your final progress payment. Based in Norwest, we help owner-occupiers, first home buyers and investors finance new builds across Sydney, NSW and Australia.
Last updated: April 2026
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Tell us about your build. We'll match you with the right lender, fast.
“Just tell us what you're buying, we'll match you to the right lender. No pressure, no obligation.”
Sumit · Director & Senior Loan Specialist
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No Credit Check | 100% Obligation-Free | We generally respond within an hour
Our team helps buyers across Sydney and Australia secure the right land loan. We compare 50+ lenders and guide you from strategy to settlement, whether you're buying vacant land to build on, investment land, or rural or lifestyle property.
Sumit
Director & Senior Loan Specialist
Rohan
Asset Finance Specialist
Kathryn
Settlement & Client Liaison
Why work with us
Whether you're buying a vacant block to build on, land in a new estate, or rural or lifestyle property, the right land loan structure and lender can make the difference between a smooth settlement and a last-minute scramble. We compare 50+ lenders for residential, rural and commercial land across Sydney and NSW - and guide you on deposits, registration timing and build conditions so you know what to expect before you make an offer.
A land loan (vacant land loan) is finance for purchasing land only - no dwelling. It suits buyers of residential blocks to build on, house-and-land packages where land settles first, rural or lifestyle blocks, and investment or development land. Lenders treat land differently to established homes: deposit requirements, LVRs and approval criteria vary by land type and location.
You borrow a set amount, repay with interest over an agreed term, and the land is security for the loan. Deposit requirements typically range from 20% to 40% depending on whether the land is registered, serviced, and in a mainstream or rural location. We match you to lenders whose policy fits your block type, build timeline and location so you get a clear path to approval.
Most lenders only lend on registered land - subdivided, serviced and on title. Unregistered lots in new estates often require you to pay a deposit to the developer first; the loan and settlement happen once the land is registered. We help you plan for that timing and avoid surprises with build or registration deadlines.
Some lenders require construction to startwithin a set period (e.g. 6 months to 5 years); others allow land banking. If you're buying land now and building later, we find a lender whose build timeframe matches your plans so you're not forced to start before you're ready.
Land in Sydney and growth corridors often demands a larger deposit than an established home - lenders see land as higher risk. We compare options across our panel so you see realistic deposit requirements and terms for your suburb and block type. First home buyers may be able to combine a land loan with government schemes; we check eligibility as part of your strategy.
Use our Loan Repayment Calculator to estimate repayments for your loan amount and term. For figures tailored to your land purchase and deposit, speak with our team - no obligation.
Start Here
Tell us about the land you're buying and we'll match you to the right lender. Free, no obligation.
“Just tell us what you're buying, we'll match you to the right lender. No pressure, no obligation.”
Sumit · Director & Senior Loan Specialist
By submitting, you agree to our privacy policy and terms of service.
A construction loan (also called a building loan) is a type of home loan specifically designed to fund the construction of a new residential property. Unlike a standard home loan where the full amount is advanced upfront, a construction loan releases funds progressively, in stages, as each phase of the build is completed. This structure means you only pay interest on the amount that has been drawn down at any point, not on the full loan balance. During the construction period, most lenders offer interest-only repayments. Once the build is complete, the loan converts to a standard home loan with principal and interest repayments.
Construction loans are used for new house builds on vacant land, house and land packages, knock-down rebuilds on established blocks, dual occupancy and duplex builds, and major structural renovations (generally above $50,000). The loan is structured around your fixed-price building contract, and funds are released to your builder at each agreed milestone (slab, frame, lock-up, fix-out and completion).
The 5 standard progress payment stages: Most Australian construction loans are structured around five standard drawdown stages. At each stage, your builder submits a progress claim, you authorise the drawdown, and the lender releases the funds directly to your builder.
At completion, the construction loan automatically converts to a standard home loan (variable or fixed), and normal principal and interest repayments commence. Your lender may request a progress inspection at each stage before releasing funds.
We work across every build type and borrower situation. Here's what we help with.
Building a new home on a vacant block (whether you've already purchased the land separately or are buying land and building simultaneously) is the most common construction loan scenario. Lenders are most accommodating for these builds because the risk profile is straightforward: licensed builder, fixed-price contract, standard residential construction in a well-serviced area. We match you to the right lender based on your deposit, income type, the land location and your builder's registration. For builds in Sydney's northwest growth corridors (Box Hill, Marsden Park, Schofields, Rouse Hill), we have strong experience placing borrowers with lenders who understand these markets.
A land and construction loan combines the land purchase and the build into a single loan structure. The land component settles first (which is when your first loan repayments commence), and the construction loan then draws down progressively as each build stage is completed. Getting the structure right from the start matters here. We ensure the lender's policy supports your land settlement timeline and builder commencement date, so there's no gap between land settlement and build start that leaves you paying full principal and interest before construction has begun.
If you own an existing property and want to demolish and rebuild, a knock-down rebuild loan uses the equity in your land as security for the construction loan. Because you already own the land, the loan structure is often simpler; you're borrowing only for the construction costs, against a security (the land and finished home) that lenders assess conservatively. Lenders need to see council demolition approval, a licensed builder and a fixed-price building contract. We work through the pre-application checks with you before approaching lenders, so there are no surprises once the process starts.
First home buyers building a new home have access to the same government support schemes available for property purchases, and in some cases more: NSW First Home Owner Grant (FHOG), $10,000 tax-free for eligible builds (house and land combined cost must not exceed $750,000). 5% Deposit Scheme (Home Guarantee Scheme): from 1 October 2025, eligible first home buyers can build with as little as a 5% deposit while avoiding LMI, with no income caps and no limit on scheme places (Sydney cap $1,500,000 for combined land and construction value). NSW Stamp Duty Exemption (FHBAS): full stamp duty exemption on land valued up to $350,000, concessional rate for $350,001 to $450,000. We confirm your eligibility for all applicable grants and schemes before you begin.
Building an investment property attracts higher interest rates and stricter serviceability assessment than owner-occupier construction loans. Lenders assess rental income projections (usually at an 80% rental shading factor), your existing debt position and your total portfolio exposure. For investors, the construction period can work in your favour from a cash flow perspective: interest-only on drawn funds during the build means lower holding costs before the property is tenanted. We structure investment construction loans to balance current cash flow with future borrowing capacity.
Building a home yourself (without engaging a licensed builder as principal contractor) is significantly more complex from a lending perspective. Owner-builder projects are treated as high-risk by most lenders: most major banks do not offer owner-builder loans, and those that do require a maximum LVR of 60% (40% deposit minimum), proven construction experience and extensive documentation. We work with a small panel of specialist lenders who assess owner-builder applications. We're direct with you about what's required so you don't waste time on an application that won't succeed.
Building two dwellings on a single title (whether side-by-side or main house and secondary dwelling) is achievable through residential construction loans for up to four dwellings. Lenders for duplex builds require council approval for dual occupancy, detailed construction plans and a builder with demonstrated experience in multi-dwelling residential construction. Some lenders offer competitive rates for dual occupancy builds, including up to 90% LVR for certain scenarios. Lender selection matters significantly here; this is exactly where a broker with specialist lender access makes a real difference.
“Construction finance has more moving parts than a standard home loan. Tell us what you're building and we'll find the right lender for your situation from day one.”
Sumit · Director & Senior Loan Specialist
Free strategy call - no obligation
Tell us about your build. We'll match you with the right lender, fast.
By submitting, you agree to our privacy policy and terms of service.
No Credit Check | 100% Obligation-Free | We generally respond within an hour
From initial strategy call to final drawdown, here's how we manage the process for you. 6 steps from first call to completion.
We start with a conversation about what you're building, where, with which builder (or whether you're still selecting one), and your financial position (income, deposit, existing debts). We identify the right loan structure and lender shortlist before any application is lodged.
We prepare and lodge your pre-approval with the most suitable lender. For construction loans, this involves assessing your income and financial position in the same way as a standard home loan, but without the building contract (which comes later). Pre-approval gives you a confirmed borrowing limit so you can finalise your land purchase, select a builder and sign a building contract with confidence.
Once your fixed-price building contract is signed, we lodge the full application. The lender assesses the building contract, plans and specifications, confirms the final loan amount, and may commission a construction valuation (an "as if complete" valuation). Approval typically takes 5 to 10 business days for straightforward applications.
For land and construction packages, land settlement occurs first. Your loan repayments begin at this point on the land component. We coordinate with your conveyancer to ensure settlement proceeds on time and the construction drawdown schedule is ready to activate when building commences.
At each build stage, your builder submits a progress claim. We walk you through what's needed for each drawdown request (typically a signed progress claim, an invoice from your builder and confirmation that the stage is complete). Some lenders require an independent progress inspection before releasing funds. We manage communication with the lender throughout the build to keep drawdowns moving without delays.
At practical completion, the final drawdown is released to your builder and the loan converts from a construction loan to a standard home loan. We review the converted loan rate and structure, and reach out if refinancing or restructuring makes sense once the build is done and you've established your equity position.
Deposit requirements for construction loans in Australia depend on your build type, your borrower profile and which lender you're working with.
Licensed builder, fixed-price contract
Minimum 5% deposit. Borrowing above 80% LVR triggers LMI. A 20% deposit (80% LVR) avoids LMI and accesses the most competitive rates and broadest lender choice.
From 1 October 2025, eligible first home buyers can build with a 5% deposit with no LMI, no income caps and no limit on scheme places. The government guarantees up to 15% of the loan value through participating lenders.
Typically 10% to 20% deposit. Some lenders allow up to 90% LVR for standard dual occupancy scenarios.
Lenders are more conservative here. Most require 20%+ deposit with reduced lender competition compared to suburban builds.
Minimum 40% deposit (maximum 60% LVR) at most lenders who accept owner-builder projects.
Builders typically require a deposit of approximately 5% of the construction contract price before commencement. This is separate from your home loan deposit.
Transfer duty is payable on land purchase in NSW and must be paid within 3 months of signing the land contract. First home buyers building on land valued up to $350,000 may qualify for a full stamp duty exemption under the First Home Buyers Assistance Scheme, with a concessional rate on land from $350,001 to $450,000.
Development Application (DA) or Complying Development Certificate (CDC) fees, depending on your council and build type.
Most lenders require Home Building Compensation (formerly Home Warranty Insurance) to be in place before construction commences. Your builder is generally responsible for arranging this under NSW law.
Construction loans may require multiple valuations during the build: an initial "as if complete" valuation at approval, and sometimes progress inspections at each stage. We confirm the lender's valuation requirements upfront.
Cost overruns are common in construction. We generally recommend maintaining a 5% to 10% contingency reserve in savings, as construction loans cannot typically be increased mid-build if your contract cost exceeds the approved amount.
Construction loans are more complex than standard home loans; there are more documents, more stages, more lender-specific policies to navigate, and more things that can go wrong if the application isn't prepared correctly.
Not every lender handles construction loans well. Some have slow drawdown processes that frustrate builders and delay your build. Some have policies that don't suit your builder's contract structure, land location or build type. Some have valuation approaches that underestimate the end value of your finished home, which affects your approved loan amount.
We know which lenders on our panel of 50+ are fastest and most builder-friendly for standard Sydney builds, which ones have the most favourable policies for dual occupancy, knock-down rebuild and acreage projects, and which ones move efficiently through the drawdown process so your builder isn't waiting on funds. Working with a specialist construction loan broker in Sydney (one who has dealt with hundreds of builds across the Hills District, northwest Sydney, southwest Sydney and beyond) means your application is prepared correctly the first time, with the right lender, and the drawdown process is managed so your build stays on schedule.
Read these before you sign a build contract: how progress draws actually work, what a knockdown rebuild costs in Sydney right now, and when refinancing beats a separate renovation loan.
Home Loans · 8 min read
Construction loans work differently to regular home loans. Here's the step-by-step process from pre-approval to final drawdown.
Read the guide
Home Loans · 11 min read
A knockdown rebuild in Sydney costs roughly $600,000 to $1.5 million depending on block, slope and inclusions. This guide breaks down every cost line, explains how construction finance works in 2026, and helps Hills District owners decide whether rebuilding beats renovating or moving.
Read the guide
Refinancing · 12 min read
Three ways to fund a renovation, and lenders treat each one differently. Here is the usable equity maths, the point where a lender switches you to a construction loan, and how to decide between renovating and moving.
Read the guideStandard broker panels cover standard home loans well. Construction loans require access to lenders with strong construction policies: fast drawdowns, favourable valuation approaches, flexible build timelines and builder-friendly progress payment processes. We know our panel well enough to match your specific build type to the lender who will serve it best.
Our service is completely free. We're paid a commission by the lender when your loan settles. Expert construction loan advice, lender comparison, application management, drawdown coordination and post-settlement review, all at no direct cost to you.
The construction period doesn't end when approval is granted. Each progress drawdown requires paperwork, coordination with your builder and communication with the lender. We manage this process at every stage so you're not chasing your bank while also managing a build.
We're based in Norwest and we know Sydney's growth corridors, builder landscape and council approval environments. From Box Hill and Marsden Park in the northwest to Austral and Leppington in the southwest, we understand the local context that affects how construction loans are structured and which lenders perform best in each area.
Whether you're starting with land purchase, moving from a land loan into construction, or building from scratch on a block you already own, we manage the entire finance journey (from your first pre-approval through to final drawdown and loan conversion) as a single continuous process.
What Our Clients Say: 5.0 out of 5 based on 359+ verified Google Reviews. More than 2,500 Australians have trusted RyRo Loan Centre with their lending. Our construction loan clients consistently highlight the same things: we make a complex process genuinely manageable, we communicate clearly at every stage, and we don't disappear after approval.
Based on 359+ verified Google Reviews.
"We can't thank Sumit enough for helping us secure our first home - especially in such a tough and competitive market. He truly went above an…"
Read more"We had a great experience with Sumit and his team. We can't express enough how grateful we are to them, as they did a really splendid job! H…"
Read more"Working with Sumit Joshi & co was a fantastic experience. They were very professional, knowledgeable, and made the whole process stress-free…"
Read more"I had an absolutely outstanding experience with RyRo Loan Centre and I cannot thank Sumit enough for his incredible support throughout my in…"
Read more"Sumit made the entire property purchasing process smooth and stress-free. Always professional, responsive, and genuinely helpful, he went ab…"
Read more"Our experience with Sumit and his team was wonderful. They guided us from start to finish in a professional and unbiased manner. They are a…"
Read more"It's been an amazing experience working with Sumit, he helped me through initial Mortgage loan and recently in refinancing my loan. He helpe…"
Read more"As recent migrants from New Zealand, my wife and I were navigating the complex Australian property market for the first time, and we couldn'…"
Read more"I had an amazing experience working with Sumit to secure a loan for my first home. From start to finish, he made the process smooth, stress-…"
Read more"Sumit Joshi is our trusted mortgage broker, we have used his services for the last 8 years and he has always guided us in the right directio…"
Read more"As first-time homebuyers, we were initially unsure about which mortgage broker to choose, and we had a few lined up to discuss our needs. Su…"
Read more"I had an outstanding experience working with Vijay Dhingra from RyRo loan centre from start to finish. They made the entire mortgage process…"
Read more"Sumit and his team were super helpful throughout the entire loan approval process. Always prompt with responses and super convenient to deal…"
Read more"First of all heartiest thanks Sumit for making our journey to get loan approval so smooth and in really very comfort zone, since I am in Aus…"
Read more"I had an amazing experience working with Sumit while buying my first home! From the very beginning, he was incredibly responsive and always…"
Read more"Thank you so much Sumit, Dean, Kathryn and the team at RyRo. You guys have been excellent and thorough professionals. Highly recommended for…"
Read more"Sumit and team gave as an amazing experience, even after we decided to back out of our first purchase , I reached out to Sumit a year or two…"
Read more"I had an exceptional experience with RyRo Loan Centre, and I wholeheartedly recommend their services. Sumit and his team were not only highl…"
Read more"I had an amazing experience with Sumit! The whole process was smooth, professional, and stress-free. He was incredibly helpful every step of…"
Read more"I can't recommend Sumit enough! As a first-time home buyer, I was nervous about the whole process, but he made everything so easy and straig…"
Read moreFree strategy call - no obligation
No obligation, no credit check.
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Answers on demand
Answers to common questions about construction loans, progress payments, deposits, approval times and how we help Sydney and NSW borrowers.
Why people ask
Our team
Sumit
Director & Senior Loan Specialist
Rohan
Asset Finance Specialist
Kathryn
Settlement & Client Liaison
Need something answered live? Talk to our team
Start here
Tell us what you're building and we'll get back to you. Expert construction loan advice across Sydney and Australia.
By submitting, you agree to our privacy policy and terms of service.
Estimate repayments, borrowing power and stamp duty before you build. Use our free tools to get your numbers in order:
Estimate your monthly construction or home loan repayments based on loan amount, interest rate and term. Useful for modelling different deposit and build-cost scenarios.
See how much you could borrow for your build based on your income and expenses. Helps you plan land and construction budgets before you talk to a lender.
Calculate transfer duty on your land purchase in NSW. First home buyers can check eligibility for stamp duty exemptions or concessions.
Read up on how construction lending actually works before you sign the build contract.
5-stage drawdown, interest-only during build, conversion to standard loan and common mistakes to avoid.
Read the guideCompare home equity, construction loans, refinance and personal loans for granny flat builds in Sydney.
Read the guide
Construction loans have more moving parts than a standard home loan. Get a broker in your corner from day one: one who knows the lenders, manages the drawdowns and keeps the process on track.
“We've helped hundreds of Sydney borrowers finance their builds from the Hills District to the Northern Beaches, Inner West and Southwest. Tell us what you're building and we'll take it from there.”
Sumit · Director & Senior Loan Specialist
Meet the team
Rohan
Asset Finance
Helping clients secure the right equipment and vehicle finance.
Kathryn
Settlement Liaison
Keeping your settlement on track from application to keys.
Free strategy call - no obligation
We'll call you to discuss your build and the right finance structure for your situation.
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