How TQMC Simplifies the Journey
Buying house-and-land packages across Queensland is one of the most exciting ways to step into homeownership or grow your property portfolio. From master-planned communities in South East Queensland to growing regional developments, securing a brand-new build allows you to customise your space, save on stamp duty, and enjoy modern living.
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However, funding a new build isn’t like buying an established home. You aren’t dealing with a single transaction. You’re balancing two separate contracts: one for the land settlement and another for the home build. Trying to coordinate two contracts with strict developer deadlines and builder progress payment schedules can quickly get overwhelming if your loan structure isn’t handled correctly.
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That is where The Queensland Mortgage Company steps in. As your local partner with deep access to over 60 trusted banks and non-bank lenders, we simplify the entire process. We structure your land and construction loan so your land settles smoothly on time while setting up progressive drawdowns for your build. We manage communicating with the bank, coordinate with your builder, and keep your cash flow protected from start to finish.
Standard Mortgage vs. Land & Construction Loan:
Disclaimer: Figures, fees, and repayment setups vary based on specific lender policies, borrower eligibility, and builder contracts. This comparison is provided for general educational purposes only.
Why Choose a Construction Structure? Key Benefits for Queensland Buyers
Financing your new build through a dedicated loan for a house and land package offers clear financial and practical advantages:
Massive Stamp Duty Savings
In Queensland, stamp duty is generally calculated only on the land component, not the completed house. This can save you thousands of dollars in upfront government fees compared to buying an established home of equal value.
Lower Holding Costs During Building
You only pay interest on the funds disbursed at each construction stage (e.g., slab, frame, lock-up). Your repayments start small and only reach their full amount once your keys are handed over.
Customisation and Modern Standards
Building fresh means choosing floor plans, finishes, and energy-efficient designs that suit your exact lifestyle or attract high-yield tenants.
Government Grants & Concessions
New builds frequently qualify for First Home Owner Grants and regional building incentives that established properties don't offer.
Less Immediate Maintenance
New homes come with structural warranties and fresh builder guarantees, keeping your maintenance costs close to zero for years to come.
Who Is This Loan For?
Tailored construction finance through TQMC is built for buyers across Queensland looking to create something new:
First-home buyers who are looking to utilise state building grants and stamp duty concessions to enter the market with a brand-new home.
Growing families that want to upgrade to master-planned communities where they can design a layout that fits their long-term needs.
Property investors who are seeking high depreciation benefits, lower initial holding costs, and strong tenant appeal in expanding Queensland growth corridors.
Downsizers who want a low-maintenance, single-level modern home built to modern energy standards without the hassle of renovating.
Let TQMC Deal with Builder Payment Stages
The key to a stress-free build lies in managing progress payments smoothly. When you secure a house and land package loan, your construction funds are released in line with industry-standard building milestones:
The Deposit & Base Stage
Covering initial slab pours and site preparation.
The Frame Stage
Raising walls, roof trusses, and core framing.
The Lock-Up Stage
Brickwork, external doors, windows, and roofing (making the home weather-tight).
The Fixing Stage
Internal plasterboards, cabinetry, plumbing, and electrical rough-ins.
Practical Completion
Final painting, detail fittings, and the official handover of your keys.
At each milestone, your builder issues an invoice. TQMC coordinates the lender’s site inspection and authorises the progress payout directly to the builder. This step-by-step structure protects your money and helps ensure the bank only pays for completed, inspected work while keeping your monthly interest charges as low as possible throughout the build.
Frequently Asked Questions (FAQs)
It starts with a clear financial assessment. We review your income, savings, and borrowing capacity across 60+ lenders. Once pre-approved, you can shop for house & land packages or select your block with confidence, knowing your land and build budgets are fully backed.
Alongside standard personal income evidence (payslips, tax returns, bank statements), you will need a signed land contract, a fixed-price building contract from a licensed builder, council-approved building plans, and a detailed specifications schedule.
Yes. You can settle on the land first using a land loan and start your construction build down the track. However, most lenders require building to commence within 12 to 24 months of land settlement. TQMC ensures your initial land loan is structured to transition smoothly into construction when you’re ready.
Competitive land and construction loan rates are generally aligned with standard residential variable rates. During the build period, lenders charge variable interest-only rates on the drawn balance. Once construction completes, your loan converts to standard principal and interest repayments at your chosen variable or fixed rate.
A fixed-price building contract guarantees the total cost of construction before work begins. Lenders require this to ensure there are no unbudgeted cost overruns during building that could impact your borrowing limits or project completion.
Generally, lenders require a 10% to 20% deposit based on the total combined cost of the land purchase and building contract. If you have less than a 20% deposit, you may still qualify through Lenders Mortgage Insurance (LMI) or eligible government guarantee schemes.
Ready to Build Your Queensland Property
You don’t have to navigate dual contracts, builder payments, and bank paperwork on your own. Our experienced Queensland team is here to map out your borrowing power, align your land and build finance, and find the perfect loan structure from over 60 leading lenders.
