Financing your project

The first stage of building or renovating involves reviewing your finances to understand what you can afford.

Know your buying power

Your Construction Coach can help you understand your financial position and borrowing capacity.

How home loans for building and renovating work

When building or renovating a home, the usual way to finance your project is to borrow against the final value of the home when it’s completed. This is referred to as Tentative on Completion Value, and we approve your total lending limit based on this value. Rather than accessing all the funds at the start of the project, you draw funds down in stages across a maximum of a 12 month period as the building progresses and the value of your property increases.

  A man performing some electrical work on a property

Consider the costs

Your Construction Coach can help you assess the costs of building/renovating and help you set your budget. For more helpful budgeting tools visit

Building and owning a home

Building costs – one off

  • Architect or draftsman.
  • Project management, builders, trades people, quantity surveyor (QS) and engineers.
  • Solicitor fees.
  • LIM reports and council documents.
  • Resource and building consent.
  • Contract works insurance.
  • Valuations.
  • Moving costs (potential rent costs during a large renovation).
  • Utility setup and reconnecting services.
  • Project/cost overruns.

Owning costs – ongoing

  • Home loan repayments.
  • Council rates.
  • Insurance – Home and Contents.
  • Utilities and maintenance.
  • Body Corporate fees (if applicable). 

Renovating a home

Get an idea of how much it might cost based on some quick questions about your home and renovation plans. 

ANZ Healthy Home Loan package

With an ANZ Healthy Home Loan Package, you’ll find building or renovating a home to 6 Homestar rating or higher a little more affordable, with special discounts on home loan interest rates and other great benefits. 

*We apply fixed-rate discounts to new fixed-rate periods only. Discounts don't apply to tideover (bridging) loans.

Important information

ANZ lending criteria, terms, conditions, and fees apply. Interest rates and fees are subject to change. Read more about our Rates, fees and agreements.

A copy of the Reserve Bank's General Disclosure Statement and General Terms and Conditions is available on this website or on request from any ANZ branch, free of charge.

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 296, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see