Waterstone Finance

With over 25 years of construction home loan experience, Waterstone Finance is a free and professional mortgage brokerage service offering support and expertise in construction finance.

Whether you’re a first home buyer, upgrader, downsizer or investor, our highly experienced specialists will create a picture of your existing financial situation and provide you with a comprehensive and personalised home loan solution that best aligns. We understand the complexity of construction finance and we know what to look for when we compare various lenders and products, so you can be confident in the recommendations we provide.

Waterstone Finance can offer preliminary qualification at our Springwood head office, ensuring convenient access and answers in real time.

Our consultants will provide unlimited support every step of the way to ensure you feel confident and fully understand each stage of the finance process. Have confidence in the following service from Waterstone Finance:

Personalised, obligation-free evaluation

A simple consultation is all it takes to discuss your financial situation. Free, comprehensive and personalised, Waterstone Finance operates out of Plantation Homes Springwood head office for your convenience.

Comprehensively compared for all types of buyers

We compare hundreds of home loans from a vast number of banks and lenders to help you find the right home loan and finance solution. Whether you’re a first home buyer, upgrading your home, need to refinance your mortgage or you’re buying an investment property, our construction home loan specialists can help.

Accredited experts, unlimited support

Our fully accredited brokers have extensive experience in putting together new construction home loans. You will be guided through the entire process to ensure you have peace of mind that you’ve found the right home and the right financial solution. Our experts are readily available to answer any of your questions or clarify any information.

Transparent and streamlined

We deal with the banks and lenders on your behalf, saving you time, effort and stress. Completely transparent with none of the hassle.

Your Deposit

New home construction finance is structured differently to purchasing an established home or buying Ready Built, with phases of payments due to represent the work completed at that time. To start your building process, an initial 5% deposit is required at contract stage to ensure that your new home build proceeds to site.

Scheduled progress payments

During the construction of your new home, payments are required at varying stages of the build. We subscribe to the HIA Standard Progress Payment Schedule, so there are no surprises for anyone. This means that you are only paying for the construction on site, as each stage progresses.


These progress payments are a percentage of your new home contract total, as defined by the QLD State Government.

Building Stage

HIA Prescribed %*

Deposit 5
Base 15
Frame 20
Enclosed 25
Fixing 20
Practical Completion 15

*This is a prescribed schedule of payments set out in Schedule 2 of the Queensland New Homes Construction Contract. This is Queensland legislation administered by the Queensland Building and Construction Commission in accordance to the Queensland Building and Construction Commission Act 1991.

What type of buyer are you?

Whether you are a first home buyer, upgrader or investor it’s important that you sit down with a qualified financial consultant at the beginning of your journey so you have a thorough understanding of the finance requirements specific to your situation.

We understand that there is a lot to consider when buying your new home and we are here to assist you every step of the way.

First home buyers come in every shape and form. No matter your situation, we can find the finance option to suit – responsibly. Waterstone Finance can step you through the process, leaving you with more time and energy to dedicate to the design and finishes of your new home.

There’s no one-size-fits-all answer, but there’s definitely a straight-forward way to find the best option for you with Waterstone Finance. We will evaluate your financial situation in a relaxed environment, simply by reviewing your income, savings, current financial obligations and credit history to figure out your borrowing capacity and what you can comfortably afford. No stress, no obligation.

What are the costs?

When you build a new house, there are some fees and charges on top of your builder's prices that you need to be aware of, which are charged by your bank or the Government. They include:

  • Stamp duty on transfer of land
  • Registration of transfer of land
  • Registration of mortgage
  • Registration of discharge of mortgage.

Your loan fees could include:

  • Application fee
  • Package fee
  • Settlement fees
  • Title search fees
  • Progress payment fees
  • Lenders mortgage insurance

There may be additional costs you need to consider which are specific to your situation and it's important that you are aware of all the costs so that you can be best prepared for the journey.

Can I get the First Home Owner Grant^ (FHOG)?

The First Home Owner Grant is a very valuable opportunity to those who qualify, which includes first home buyers purchasing a newly constructed home that meets all the eligibility criteria. We'll step you through the criteria and submit the application on your behalf if you meet the conditions.

Are there any other savings or incentives available to first home buyers?

In addition to the FHOG, you might also be eligible for the first-home buyer stamp duty reduction, which is also administrated by the State Revenue Office of Queensland. Waterstone Finance can help you through your eligibility and exemption requirements^.

What home loan is right for me?

The home loan market is saturated with options to suit different lifestyles, budgets, hopes and dreams – it can be confusing to simply compare them all, let alone pick the right one. Waterstone Finance will undertake a comprehensive assessment of your financial situation to evaluate the best options for you. Some of the features they assess in choosing the right loan include:

  • Interest rate
  • Mortgage offset
  • Redraw
  • Ongoing fees

Can I get pre-approval?

In most instances, it’s better to know your budget before you make your selections, so getting pre-approval is highly recommended. You can get approval ‘in principle' prior to buying your home, only if you meet the certain terms and conditions.

^The $20,000 First Home Owner Grant (FHOG) is available for eligible First Home Buyers of newly constructed homes on building contracts signed on or after 1 July 2017 for homes valued up to $750,000. They are subject to First Home Buyer eligibility criteria. Visit firsthomeowners.initiatives.qld.gov.au for further information. The Queensland Stamp Duty Reduction is available for eligible First Home Buyers for homes valued up to $550,000.

If there’s one thing for certain it’s that nothing stays the same in life. More kids or pets, more sleepovers, more socialising, less eating out, less bedrooms needed, a desire for less stairs – life is a constant evolution and so too is the lifestyle within our homes, which is why sometimes it’s more realistic to consider upgrading over renovating. If you’re in the market to upgrade your lifestyle with a new home, here are a few things to consider.

How much can I borrow?

Your borrowing power will depend on a number of variables including your existing financial obligations, income, savings, credit history and current expenses. This is easily assessed during a consultation with Watersone Finance to see what options are available to you.

What are the costs?

In determining your capacity to borrow, it’s a good idea to have your current property valued by a bank or lender so you know how much it’s worth – this can attract a fee. Other costs to consider include moving fees, stamp duty, real estate agent fees and other associated costs.

How does equity work?

Equity is the cash you already hold in your existing home loan, which banks and lenders will assess when deciding the value and approval of an additional home loan. You can also use your existing property as security for your new home loan.

Can I get a relocation home loan?

A relocation home loan is a great option for customers with an existing property because it gives you the flexibility to buy land and build your new home before you sell your current home. We'll talk you through the ins and outs of relocation home loans including:

  • Available types of relocation loans
  • Relocation with No End Debt
  • Relocation with an End Debt
  • Interest rates
  • Eligibility
  • Repayments
  • Loan terms
  • Loan features
  • Timing of selling your existing home

We'll also take you through the costs including:

  • Application fees
  • Settlement fees
  • Valuation fees
  • Interest
  • Settlement fees
  • Progress payment fees
  • Lenders mortgage insurance

Looking to add another property to your portfolio or start an investment portfolio? We highly recommend that you speak to your Accountant or Financial Planner for independent financial advice to ensure you’ve got a good investment strategy in place. Consider factors that will influence the purchase price, rental capacity and resale value, including:

  • Where and what to buy
  • Costs involved with buying land and building
  • Positive vs. negative gearing
  • Types of insurance required
  • Maintenance of property

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Henley Arch Pty Ltd trading as Waterstone Financial Services is a Credit Representative (Credit Representative No. 400856) of BLSSA Pty Ltd  ACN 117 651 760 (Australian Credit License No. 391237)

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With over two
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our guarantees and support are unrivalled in Queensland.

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