A construction loan is designed to fund the building of a new home and is drawn down in stages as the build progresses. A land loan, on the other hand, is used to purchase an empty block of land where there are no immediate plans to build.

Brighten’s Construction and Land Loans are available to a wide range of borrowers, including PAYG employees, self-employed applicants, expats, and non-residents.

Yes, you can. You may choose to purchase the land first with a Vacant Land loan, then apply for a Construction Loan at a later stage when you’re ready to begin building. Our Vacant Land has a maximum loan term of two years to allow you the flexibility to build when you are ready.

Your borrowing capacity depends on several factors, including your income, existing financial commitments, credit profile, and the loan-to-value ratio (LVR).
To get an idea of what you may be eligible to borrow, try Brighten’s online borrowing calculator—it provides a helpful estimate based on your current financial position.

Brighten offers flexible and competitive Construction and Land Loan options tailored to a wide range of borrowers, including PAYG employees, self-employed individuals, expats, and non-residents. We accept properties in both Category 1 and Category 2 postcodes, giving you more choice when it comes to location.