A construction loan draws down in stages as the build progresses rather than as a single lump sum, and you pay interest only on what has been drawn, which keeps repayments low early.

Lenders assess the fixed-price building contract alongside the land value, so the contract must be finalised before formal approval.

Yarrabilba, Logan Reserve, Park Ridge and Greenbank are among the most active new-build areas in South East Queensland, and Logan is one of the few places where a new build under $750,000 is still realistically achievable. Valuation practice on new estate stock differs considerably between lenders, and that variation is where broker selection matters most.

See our construction loans page or the Yarrabilba page. Call 1800 774 756.

Deposit is calculated against total project cost, meaning land price plus build contract. A 20% contribution avoids Lenders Mortgage Insurance and most lenders accept 10% with LMI applied.

Eligible first home buyers can build with 5% under the Australian Government 5% Deposit Scheme, which is heavily used across the Logan corridors.

The trap is budgeting only to the contract price. Site costs, driveways, fencing, landscaping, window coverings and service connections often sit outside the fixed-price contract and are not always funded by the lender, so they must come from your own funds. Underestimating these is the most common reason Logan builds run short late in the process.

We budget for the full cost, not just the contract. Check your numbers with our borrowing power calculator.

Yes, and new builds attract the strongest incentives available in Queensland, which is a large part of why the Logan growth corridors work so well for first home builders.

The $30,000 Queensland First Home Owner Grant applies to new homes valued under $750,000. The Queensland Government confirmed in the 2026-27 State Budget that the $30,000 amount continues for eligible contracts signed from 1 July 2026, rather than reverting to $15,000 as previously legislated.

On top of that, new homes and vacant land on contracts signed from 1 May 2025 attract a full transfer duty exemption with no price cap. From 1 August 2026 these concessions are limited to Australian citizens, permanent residents and specified foreign retirees.

Full detail in our Logan grants guide.

Funds release in five progress payments: slab, frame, lockup, fixing and completion. Each is paid after the builder invoices and the lender verifies the work, usually by inspection or valuer sign-off.

The deposit stage is typically paid from your own funds before the lender starts drawing. You pay interest only on funds drawn, so repayments start small and step up through the build, then convert to principal and interest at completion.

Delays between stages are common in the Logan estates, particularly where trades are stretched across multiple concurrent builds, and they extend the interest-only period.

A related consideration is dual occupancy, which is a common Logan strategy but where lender treatment of secondary dwelling income varies sharply. Confirm both council planning and lender policy before you commit to the build.