Need a competitive, flexible construction loan?
Need a Construction Loan? Welcome to Cube Loans, local construction loan experts who can help you secure your loan.
Or simply call us on 📞 1800 774 756
Your local team of construction loan specialists
1. Expert brokers on your side
Banks knock back home loan applications every day - often for reasons that could’ve been avoided. At Cube, you’ve got a team of 11 expert brokers on your side, each with their own area of specialty across home loans, investment lending, business finance and more. We’ll help you cut through the red tape and improve your changes of approval.
2. Tailored to your needs
Every loan is different, and what someone else needs is likely not what you need. We search 1000's of loan options to find the right loan for your needs, simply get in touch here.
3. We're here now, and later
Your home loan is an investment that requires ongoing maintenance, including regular check-ups to make sure you have the best home loan rates. We stay ahead of this for you.
4. Local experts, trusted by many
We’re proud to be a local team, with over 200 glowing Google reviews from people who’ve trusted us with their finance journey.
We help our construction loan clients by helping remove the stress - and helping you get a better deal. Simply contact Scott or Nevada today if you need help:
Scott Beattie
Founder/Co-Owner · Mortgage Broker
Scott loves helping First Home Buyers and helpings Australians save money through refinancin
Nevada Matthews
Co-Owner · Mortgage Broker
Nevada loves working with property investors and business owners
We compare loan options from over 60 leading lenders to find what suits you
✔ We do the loan rate shopping and negotiations
✔ Access to major banks and specialist lenders
✔ We simplify everything
Cube Loans are a multi-award winning brokerage
What is a construction loan and how does it work in Queensland?
A construction loan is a type of home loan designed specifically for those building a new home or undertaking significant renovations.
In Queensland, construction loans differ from standard home loans as the funds are released in stages, known as "progress payments," as construction milestones are completed. Typically, you’ll only pay interest on the funds drawn down during each stage, which helps manage cash flow throughout the build.
At Cube Loans, we guide you through the process, from pre-approval to the final handover, ensuring you're prepared for each phase. Whether you're building in Brisbane, the Gold Coast, or regional Queensland, our expert brokers can help tailor a construction loan that meets your needs.
How much deposit do I need for a construction loan in Queensland?
In most cases, lenders in Queensland require a minimum deposit of 5% to 20% of the total land and construction cost. However, this may vary depending on your financial profile, credit history, and whether you’re eligible for government grants like the First Home Owner Grant (FHOG) in Queensland, which can assist with upfront costs.
Cube Loans can help you determine your borrowing power and deposit requirements. We work with a wide range of lenders to find competitive options, including low-deposit construction loans for eligible buyers.
Are there government grants or incentives for building a home in Queensland?
Yes, Queensland residents may be eligible for the First Home Owner Grant (FHOG), which currently offers $30,000 (as of 2025) to first-time buyers building a new home valued under a specific threshold. Additional incentives such as stamp duty concessions may also apply depending on your circumstances and location.
Our Cube Loans team can assess your eligibility and help you structure your construction loan to maximise these benefits. We stay updated on all Queensland government incentives to ensure you don’t miss out on valuable savings.
What are the typical stages of a construction loan drawdown?
Construction loans are disbursed in five to six progress payments, each aligned with a stage of the build. In Queensland, the typical stages are:
- Deposit/Slab Stage
- Frame Stage
- Lock-Up Stage
- Fixing Stage
- Completion Stage
Each stage must be certified by your builder before funds are released. Interest is only charged on the funds drawn at each stage, helping reduce repayments during construction.
At Cube Loans, we liaise with your builder and lender to ensure smooth progress payments and minimise delays. Our streamlined approach ensures transparency and efficiency throughout your project.