When it comes to buying your first home, most people think the only option is to hunt through listings, bid at auctions, and settle for something close to what they imagined. But there’s another option — one that gives you control, flexibility, and value from day one: constructing your own home.
A lot of people hesitate when they hear the word “construction.” It’s often seen as:
Complicated – too many steps, too much paperwork.
Time-consuming – who has the patience?
Expensive – surely building costs more than buying?
But these are just myths. Let’s break them down:
Myth 1: “It’s too complex”
Yes, there are stages in the building process — but you’re not doing it alone. When you partner with SW Brokerage, we handle the heavy lifting. From loan application to progress payments, we guide you through each step with clarity and efficiency.
Myth 2: “It takes forever”
While construction timelines can vary, building doesn’t mean endless delays. In fact, with the right builder (like Bold Living, our trusted partner) and a well-managed loan process, it’s often smoother than the endless weekends spent house-hunting.
Myth 3: “It costs more”
Building can actually be more cost-effective, especially when you factor in First Home Owner Grants, lower stamp duty on land, and long-term value gains. Plus, you’re getting exactly what you want, rather than paying extra to renovate later.
Why Building Is a Smart First Step
For first home buyers, construction can offer unique advantages:
Grants & Incentives: You may qualify for government grants, which we help you apply for.
Customisation: Create a home that suits your lifestyle and future needs.
Modern Efficiency: New homes are built to higher standards, saving you money on energy and repairs.
Value Growth: New builds in growth areas often appreciate quickly.
The SW Brokerage Advantage
We’re not just mortgage brokers — we’re your construction finance experts.
With years of experience and a dedicated settlement coordination team, SW Brokerage makes construction financing simple and stress-free. Here’s how we support you:
Full-Service Guidance: From the moment you pick your Bold Living home, we handle the financial side — contracts, valuations, permits, and lender communications.
Progress Payments Managed: We coordinate each stage of funding with your lender, so your builder gets paid without delay.
Grant Assistance: If you’re eligible for the First Home Owner Grant, we’ll help you apply.
Ongoing Support: From first discussions to final handover — and even your next property project.
Partnering with Bold Living — A Home Built for You
We’ve teamed up with Bold Living to offer a streamlined and rewarding construction experience. Their home designs are innovative, stylish, and flexible, perfect for first home buyers looking to build a space they can grow in.
And through our exclusive promotion, you may benefit from:
Special home & land packages
Seamless finance and build coordination
Expert advice from both Bold Living and SW Brokerage every step of the way
Construction Loans at a Glance
Building your dream home or investment property? A Construction Loan could be the ideal financing solution to bring your vision to life—with flexibility and smarter cash flow management built in.
Unlike traditional home loans, Construction Loans are structured to provide funds progressively throughout the build. Payments are made directly to your builder at key stages of construction, meaning you only pay interest on the funds that have been drawn down—helping to minimise unnecessary interest costs during the building process.
These loans are suitable for a range of residential projects including:
New home builds
Knock-down and rebuilds
Major structural renovations
During the construction phase, borrowers typically make Interest Only repayments, with principal repayments deferred until the project is completed. This often results in lower monthly repayments, helping ease financial pressure during the build.
Most lenders allow:
6 months to initiate drawdowns
Up to 24 months to complete construction
(Keep in mind that lender policies can vary, so it’s crucial to speak with an SW Brokerage expert to understand the specific terms available to you.)
Contributing Personal Funds?
If you’re planning to contribute your own cash to the build, it’s important to note that these funds must usually be used before the first loan drawdown. Our brokers will walk you through this to ensure everything is structured correctly from the outset.
How to Make Progress Payments to Your Builder
A key feature of construction loans is the Progress Payment Schedule—a roadmap that aligns your loan disbursements with construction milestones. Typically, there are 5–6 stages, and each marks a significant step in the building process:
Slab Stage – Laying the foundation (Approx. 15–20% of total cost)
Frame Stage – Structural framing complete
Lock-Up Stage – External doors/windows installed
Fixing Stage – Interior fittings and fixtures added
Completion Stage – Final touches and handover
Our broker and admin team at SW Brokerage will guide you through each of these stages, coordinating with your builder and lender to ensure smooth, timely payments and minimal stress.
Ready to Build Your Dream Home?
Construction might seem like the road less travelled, but with the right partners, it’s a smooth one. SW Brokerage is here to make your dream home not just possible — but simple and rewarding.
Call us on (07) 3371 1603
Email: info@swbrokerage.com.au
Visit: swbrokerage.com.au
Let’s build something great — together.