Welcome to the finance section

Building a new home is a great adventure – filled with fun and excitement. But it’s fair to say, the finance part can be polarising. Some people love it. But for many of us, navigating the finance journey can feel like trying to find your way through dense bush at night – you know there’s a path, but until you find it, it’s easy to feel lost, uncertain, or even a bit fearful.

Here’s the good news. You don’t have to figure it out alone. At Jennian Homes, we’ve partnered with trusted experts to make the finance journey simple, clear, and stress-free.

• Squirrel 
• New Build Finance

Let’s start by knocking over the most common concern.

One of the biggest reasons people are hesitant to begin a home-buying journey is uncertainty about how the money works. Let’s start with a typical payment journey for building a new home.

Payments on a new home build are usually made in instalments over the build period. With a trusted builder, the process is straightforward – when you see progress, that’s when a payment is due.

A typical payment schedule might look like this: 

For those lucky enough to have no concerns about cash flow, this all sounds sensible enough and fair.  But for most of us, these payments can be a concern. You may have an existing property you’ll be living in during the building period, and you’re not planning to sell it until closer to completion. Or you have rent to pay. Either way, doubling up on outgoing cash can be a major worry.

We’re here to assure you that these are concerns we understand, they’re super common. That’s why we offer smart solutions like Turnkey contracts and progress payment support through our finance partners

So, aside from getting a little informed here, your next best step is to talk to us and to our finance partner. You’ll be surprised by how easy, stress-free, and painless this part of the journey can be.

Setting a Budget that Works

One of the first things you will want to do on your home-buying journey is to set a budget. It’s not just about how much you can borrow—it’s about ensuring you can comfortably manage repayments, even if circumstances change (like rising interest rates). A good budget helps get you into a great home, but more importantly, it helps keep you there – safely and securely – for the long haul.

A mortgage calculator is a good place to start. There’s a link to the Squirrel calculator below. But before you race into throwing some numbers into the system, it is important to note its limitations. Please don’t take whatever a calculator says as fact. It’s a guide only – and that’s where the team at Squirrel pride themselves on helping you find the very best options for your unique circumstances. As a general rule, we find they usually surprise people… in a good way.

Mortgage calculator          Book an appointment 

Let’s learn more about Squirrel

Squirrel is a mortgage broker, they’ll compare all the main banks and weigh up the options, so you don’t have to. They’ll answer those niggly questions, like:

• What’s the lowest interest rate in market?
• Fix or float, or a combination of both?
• Which bank is best for me?
• Can I avoid break fees?
• How much could I be saving?

Best of all, in most cases, Squirrel’s support won’t cost you a cent. They’re paid by the lender you end up choosing, so their advice is truly independent – they’re focused on what’s best for you, not what’s best for the banks.

Want an alternative? NewBuild Finance 

We get it. Not everyone wants a single choice. We also work with NewBuild Finance.

NewBuild has an experienced team of mortgage brokers and advisers work primarily in the new home building space, so they know the ins and outs of the market. Their goal is to make building a home easier, simpler and safer. Unlock your dream home with a construction loan tailored to your financial needs.

Loan Qualifying Calculator