Home Building Finance & Budget Planning Melbourne
SAVE $28,000+ ON FINANCE MISTAKES | ACCESS $35,000+ IN GRANTS | 47% UNDERESTIMATE REAL BUILD COSTS
Poor financial planning is the hidden killer of Melbourne home builds. Underestimating costs by just 15% means $45,000-$75,000 in unexpected expenses on a $450,000 build. Choosing the wrong loan structure costs $18,000-$35,000 in unnecessary interest. Missing government grants leaves $15,000-$35,000 on the table.
The Problem: Why Most Melbourne Families Get Building Finance Wrong
You’re Underestimating Your True Building Costs
Most families budget for the builder’s quote—and nothing else. This is a critical mistake.
Your builder’s quote doesn’t include:
- Stamp duty on land ($15,000-$35,000)
- Legal fees ($2,000-$4,000)
- Council permits ($3,000-$8,000)
- Site costs ($5,000-$25,000)
- Landscaping ($8,000-$25,000)
- Driveways ($5,000-$15,000)
- Connection fees ($3,000-$8,000)
- Variations ($15,000-$35,000)
- Holding costs ($12,000-$30,000)
Real Cost: Families who budget only for the builder’s quote run out of money 60-80% through construction, requiring expensive personal loans at 12-18% interest.
Supported By A Trusted Network of Industry Professionals And Liscenced Builders.
How Our Finance Advisory Process Works
Financial Discovery (60-90 minutes)
We understand your complete financial situation: current savings, income stability, credit history, family support possibilities, build plans, and affordability.
What You Get: Clear picture of affordability, realistic budget, and any financial gaps.
Budget Development (3-5 days)
Detailed itemised budget covering land costs, build costs, associated costs, finance costs, holding costs, and 15% contingency.
What You Get: Excel calculator showing total costs and month-by-month cash flow.
Grant Optimisation
Eligibility for FHOG ($10,000), stamp duty exemption ($15,000-$31,000), First Home Guarantee Scheme, and current incentives.
What You Get: Grant eligibility report with application roadmap.
Loan Comparison
Compare major banks, specialist lenders, interest rates, fees, offset facilities, and draw-down structures.
What You Get: Comparison table showing 3-5 lenders with total cost projections.
Application Support
Document preparation, income verification, submission strategy, progress payment coordination, and draw-down approval.
What You Get: Pre-approval within 2-4 weeks and seamless fund release.
Why Choose LT Property Solution Group
7+ Years Melbourne Experience
200+ Melbourne families through construction finance across Victoria.
Whole-of-Build Planning
Complete project budgets preventing cash shortfalls plaguing 47% of builds.
Independent, No-Commission Advice
We work for you, not lenders. No kickbacks influence our recommendations.
Grant Maximisation
$4.2 million in first home buyer grants Melbourne secured. Average client claims $25,000+.
Builder & Bank Coordination
Bridge the gap causing payment delays and disputes.
Melbourne Expertise
Accurate local costs for deposit advice building VIC conditions.
Building Budget Breakdown Melbourne
Land: $220,000-$280,000
- Purchase: $200,000-$250,000
- Stamp duty: $0-$15,000 (exemption for first home buyers)
- Legal: $1,500-$2,500
Unfair Payment Schedules
- Associated Costs: $25,000-$45,000
- Permits: $3,000-$8,000
- Landscaping: $12,000-$20,000
- Driveway: $5,000-$12,000
- Connections: $3,000-$6,000
Build: $280,000-$350,000
- Base price: $250,000-$310,000
- Upgrades: $20,000-$30,000
- Site costs: $5,000-$15,000
- Variations: $10,000-$20,000
Finance: $8,000-$18,000
- Establishment: $600-$1,000
- LMI: $0-$15,000
- Valuation: $300-$600
Serving Melbourne & Victoria
Primary Areas
Melbourne, Somerton (78D Hume Highway), Craigieburn, Epping, Mernda, Roxburgh Park, Broadmeadows, Mill Park, South Morang
Extended Coverage
Mickleham, Greenvale, Coburg, Pascoe Vale, Thomastown
We’re familiar with Melbourne North land costs, builder pricing, and site challenges.
Office: 78D Hume Highway, Somerton VIC 3062
Investment & What’s Included
Finance Discovery
Free Consultation
60-minute consultation, preliminary budget, grant check, red flags, recommendations.
Comprehensive Planning
Free Consultation
Everything above plus complete budget (25+ items), cash flow projection, grant report, lender comparison (3-5 options), first home buyer loans Melbourne checklist, finance timeline.
Full Support Package
Free Consultation
Everything above plus ongoing loan support, progress payment assistance, grant application review, contingency planning, post-settlement optimisation.
Building Finance FAQs
How much deposit do I need?
20% deposit avoids LMI. First home buyers can access First Home Guarantee Scheme allowing 5% deposit. The 20% applies to total costs (land + build + associated), not just builder quote. Most lenders require genuine savings for half the deposit.
What grants am I eligible for?
FHOG ($10,000 for builds under $750,000), stamp duty exemption ($15,000-$31,000 saving), FHGS (5% deposit, saves $15,000-$25,000 LMI). Combined: $25,000-$66,000 available.
How do construction loans work?
Funds release in stages: land purchase, slab, frame, lock-up, fixing, completion. You pay interest only on drawn amounts, saving $12,000-$25,000 versus standard loans.
What's the loan difference?
Standard loans release full amount at settlement. Construction loans release progressively as stages complete, saving $12,000-$30,000 in wasted interest.
How long for approval?
Pre-approval: 5-10 days. Full approval: 2-4 weeks. Our service ensures complete applications, avoiding 4-8 week delays.
What if my builder refuses to negotiate?
Builders rarely refuse all negotiations—they just resist initially. Our approach: prioritise changes by importance and negotiability, use Victorian law requirements as leverage (non-negotiable compliance issues), propose compromises that cost builders nothing but protect you, and provide clear justifications builders can’t easily dismiss. If builders genuinely refuse fair terms, we help you assess whether to walk away. A builder refusing reasonable protections is a red flag about how they’ll behave during your build.
Can I use home equity?
Yes. If you own property with equity (value minus mortgage), use as deposit. Banks lend up to 80% of existing property value. You’ll service two loans during construction.