Help & support
Pay Interest Only and have lower repayments during the construction phase.
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Dedicated support. Expert guidance designed to make your building journey easier. Book an appointment for a new loan and see if you're eligible for a lower interest rate.
Should you build your home?
Whether you’re planning a knockdown and rebuild, buying a house and land package or planning a prefab build, it can be hard to know whether building a property is the right choice for you. Here we outline the benefits and risks of building your next home.
Steps to building a home
Building a home can give you the freedom to enjoy a brand-new property that’s been designed just for you and your family. However, it’s a big project that needs to be carefully managed at every stage.
Before diving into what’s next, have you considered if these options appeal to your circumstance.
Prefabricated homes
Prefabricated – or prefab homes are built partially off-site and then transported to be permanently affixed to your land. Become more familiar with how it works as it could be the solution to helping you move into your new or next home quicker.
Home energy upgrades
Unlock energy savings by electrifying your home. Get personalised insights, connect with trusted local installers, and access exclusive offers – helping you confidently upgrade your home with solar, batteries and more.
Take advantage of our current home loan offers that could help with your, new, existing or next property.
Work out upfront costs
In addition to your deposit, there are some other costs including stamp duty which you will need to budget for.
Construction loan
Fund the build of your home with a construction loan and access to money progressively as you complete different stages.
Budget planner
Work out how much you want to spend and make a budget.
Get help from Ceba in the CommBank app or connect with a specialist who can message you back. You’ll need CommBank app notifications turned on so you know when you’ve received a reply.
Book instantly to speak to a Home Loan Specialist at a time that suits you.
Redraw, change your repayments or loan type to better meet your needs and more.
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The contents of this page are intended to provide general information of an educational nature only, without regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. As the information has been provided without considering your objectives, financial situation or needs, you should, before acting on the information, consider its appropriateness to your circumstances. You should consider the Terms and Conditions and/or Product Disclosure Statement, as well as the Target Market Determination, of any product before deciding whether a product is appropriate for you. You should also consider seeking independent professional legal, tax and financial advice. Applications for finance are subject to credit approval. Fees and charges may be payable.
