There’s a building boom going on in Armstrong Creek urban growth area between Geelong and Torquay and many of the new houses are financed through construction loans.
At Konnect Financial Services, our loan specialists are experienced in helping people access this type of loan to build their dream home. Ideal for people buying house-and-land packages, it’s a flexible approach that allows you to draw down on your loan at various construction stages rather than receive the whole amount at settlement.
Construction loan payments usually follow a standard schedule. You receive payments at milestone dates such as land purchase, slab down, frame, lock-up, fixing and completion. Because of that staggered approach, you’re only hit with interest on the amount drawn down, making it a smart financial choice for people building their homes in Armstrong Creek’s carefully planned new residential communities.
These new communities are taking shape at a fast pace. From Warralily, Geelong’s first master-planned community, to Villawood Properties estate, houses are going up swiftly, people have moved in happily and more residents are on their way. Take a drive around the new streets and you’ll see ongoing construction, hear the percussion of power tools and know there’s not just homes being built here, but lives as well.
Thousands of people will call this growth corridor home over time, as people look for quality blocks and builds in sustainable estates within easy reach of Geelong, Melbourne and the beautiful Surf Coast. Warralily development alone will boast about 15,000 residents and infrastructure including schools and shops when building is complete.
Our experienced team at Konnect Financial Services can work with you to find the best construction loans to turn your building dream into a new home reality. And if you’re an owner-builder and you’re unsure where to turn for finance, then turn to us as first port of call. We’ll find you a construction loan that helps make the building process smoother and the job of managing your build less stressful.
So if you’re going to build a new home in Armstrong Creek area and want information about construction loans in Geelong, then please don’t hesitate to contact us at Konnect Financial Services. We’ll be proud to play a part in turning your dream home into a happy reality.