Land and construction budget
Two settlements, site costs and the progress payment schedule across the build.
Duty on the land
$15,370
Duty is charged on the land, not the build contract.
Total project cost
$880,370
Loan needed
$760,370
About $4,756 a month once the build finishes.
Interest during construction
$15,520
Interest only on the amount drawn so far, often while you are also paying rent.
| Deposit to builder | 5% | $24,250 |
| Base stage | 10% | $48,500 |
| Frame stage | 15% | $72,750 |
| Lock up stage | 35% | $169,750 |
| Fixing stage | 25% | $121,250 |
| Completion | 10% | $48,500 |
Stage percentages are the common pattern for a Victorian domestic building contract. Your own contract sets the actual amounts. Figures correct as at September 2026. Always confirm current amounts and thresholds with the State Revenue Office Victoria or a licensed conveyancer before relying on them..
This information is general in nature and does not take into account your personal financial situation. It is not financial, credit, tax, or legal advice. Please consult a licensed financial adviser, mortgage broker, or conveyancer or solicitor before making any decisions.