01
Refinancing the Current Loan
The existing mortgage is often refinanced so the whole project sits with one lender. This keeps the old loan and the new build working together.
Knockdown Rebuild Finance on the Sunshine Coast
KNOCKDOWN REBUILD FINANCE
Knockdown Rebuild Finance on the Same Block
Loving where you live but not the house on it is a common spot to be in. A knockdown rebuild lets you demolish the existing home and build new on the same block. Knockdown rebuild finance ties together the parts that make it more involved than a standard build.
Ausfirst Lending Group works as a specialist rebuild finance adviser, helping Sunshine Coast owners structure the current loan, the demolition and the new build so the funding holds together.
01
Current Loan
Structure the existing mortgage so it works with the rebuild.
02
Demolition
Arrange funding before the property becomes a bare block.
03
New Build
Release construction funds progressively as the build advances.
01
How the Existing Loan and New Build Fit
A knockdown rebuild is rarely just a construction loan. There is usually an existing mortgage on the property, equity in the land, demolition to fund and a new build to stage. The lender needs to see how all of that works as one plan, because the old loan and the new construction have to line up rather than clash.
The new build itself runs on a construction loan.
02
How a Knockdown Rebuild Is Funded
The funding usually moves through a few stages, in order:
02
Funding the Demolition
Demolition is quoted and funded before the build begins, with the lender aware the security becomes a bare block for a time. Getting the order right protects everyone.
03
Drawing Down the New Build
The new home is funded in stages, the same way a standard construction loan is, with interest usually charged only on what is drawn. Progress inspections sit between releases.
04
Completing and Revaluing
At completion, the property is revalued as a finished home and the loan settles into its ongoing form. The final valuation confirms the security.
03
What Demolition Does to Your Security
The moment the old home comes down, the property securing the loan changes. For a window, the security is a bare block rather than a house. That is why the structure has to be approved before demolition starts, not after, and why getting the order of events right protects both you and the lender.
04
Using Existing Equity for the Rebuild
Many rebuilds lean on the equity already sitting in the land. That equity can form part of the funding, alongside the new construction loan and any refinance of the current mortgage. How much is usable depends on the current debt, the land value and the valuation on completion, so the numbers are worth mapping before you commit to a builder.
05
What Affects Your Rate and Repayments
A few things shape the rate and terms on a knockdown rebuild:
- 01 The equity in the land and how much of it is usable
- 02 The valuation on completion against the project cost
- 03 The strength of your income and overall serviceability
- 04 The lender chosen and how it treats the rebuild
06
What Catches Rebuilders Out
A rebuild carries risks a standard build does not:
Demolition and Security
Once the home is down, the lender's security is a bare block rather than a house, so the structure has to be approved before demolition starts.
Valuation Shortfalls
A valuation that comes in under the project cost can leave a gap you have to fund from your own pocket.
Temporary Accommodation
Living elsewhere during the build adds a cost that is easy to overlook when the budget is set.
Existing Loan Terms
The terms of your current mortgage may mean a refinance has to happen first, which is better sorted before demolition than during it.
07
What You Need to Apply
The lender needs to see the current position and the future build. You usually need:
- Current mortgage and property details
- Demolition quote and timing where available
- Building contract, plans and costings
- Valuation and land details
- Income documents, bank statements and current debts
- Evidence of savings, equity or contribution
As a general guide only. Requirements, rates and terms vary by lender and your circumstances.
KNOCKDOWN REBUILD FINANCE
Structure the Finance Before Demolition
Before you book demolition or sign the final build contracts, know how the funding works across the whole project. Ausfirst Lending Group can review the current loan, the equity and the build so the rebuild is planned before the old home comes down.
KNOCKDOWN REBUILD FINANCE
Frequently Asked Questions (FAQs)
It usually involves a construction loan, but it can also mean refinancing the current home loan, using equity and funding demolition, so there is more to structure.
Possibly. The lender assesses the current property value, existing debt, valuation on completion, your capacity and the project costs.
Yes, it can. Once the existing home is demolished, the security changes, so the lender needs to approve the structure before demolition starts.
Many lenders prefer a fixed-price contract for the construction stage. Non-standard arrangements may narrow appetite or need more documents.
Some borrowers factor related costs into their planning, but lender treatment varies. The repayment impact is worth weighing before you commit.
This page provides general information only. It does not consider your objectives, financial situation or needs and is not financial, tax or legal advice. Lending is subject to lender criteria, terms, conditions and eligibility. Speak with a qualified accountant, solicitor or finance professional before making tax, legal or business decisions.
What Our Clients Say
You Are Looked After By Someone Who Treats As His Own.
What Makes Ausfirst Lending Group Different?
Finding the right home loan as an optometrist often requires a lending solution that reflects your profession, career stage, and long-term financial goals. At Ausfirst Lending Group, we take the time to understand your individual circumstances and compare suitable home loan options from our panel of lenders.
Whether you're purchasing your first home, upgrading to a new property, refinancing your existing mortgage, or building your property investment portfolio, we provide personalised guidance throughout every step of the process. We can also assess whether you may be eligible for professional lending benefits available to eligible optometrists, including reduced or waived Lenders Mortgage Insurance (LMI) and other lender-specific offers, where applicable.
Our goal is to make the home loan process straightforward and stress-free by providing clear advice, regular communication, and dedicated support from application through to settlement. Rather than offering a one-size-fits-all solution, we focus on helping you secure a lending option that aligns with your financial goals, borrowing needs, and future plans.
Whether you're purchasing your first home, upgrading to a new property, refinancing your existing mortgage, or building your property investment portfolio, we provide personalised guidance throughout every step of the process. We can also assess whether you may be eligible for professional lending benefits available to eligible optometrists, including reduced or waived Lenders Mortgage Insurance (LMI) and other lender-specific offers, where applicable.
Our goal is to make the home loan process straightforward and stress-free by providing clear advice, regular communication, and dedicated support from application through to settlement. Rather than offering a one-size-fits-all solution, we focus on helping you secure a lending option that aligns with your financial goals, borrowing needs, and future plans.
Visit Your Local Mortgage Broker on the Sunshine Coast
Whether you're buying your first home, refinancing, or exploring loan options through a trust or SMSF, we’re here to guide you every step of the way. As your trusted Mortgage Broker on the Sunshine Coast, we offer personalised advice tailored to your needs.
Office Hours
Monday
9 AM - 5 PM
Tuesday
9 AM - 5 PM
Wednesday
9 AM - 5 PM
Thursday
9 AM - 5 PM
Friday
9 AM - 5 PM
Location: Suite 3/74 Bulcock St, Caloundra QLD 4551
Explore Other Loan Solutions We Offer
We provide a wide range of lending options designed to suit different property goals, financial situations, and investment strategies. Whatever your needs, our team is here to guide you to the right loan solution.
Home Ownership Loans
For buyers and homeowners managing their own property needs.
First Home Loans
Get started on your homeownership journey with our first home loan options, crafted to help you secure your dream home.
Second Home Loans
Finance your next property with ease using our second home loan options.
Home Equity Loan
Leverage the equity in your home to unlock funds for renovation, investment, or other financial needs.
Refinancing
Review and enhance your current mortgage terms with our refinancing options, designed to save you money.
Changing Home Loans
Adapt your mortgage to suit your changing life circumstances with ease.
Bridging Loans
Bridge the gap between buying and selling with short-term loan solutions.
Investment Loans
Investment Loans
Explore our investment loan solutions designed to help you build and grow your property portfolio.
SMSF Loans
Utilise your self-managed super fund to invest in property with our specialised SMSF loan options.
Trust Loans
Secure funding for your trust's investment needs with our trust loan solutions, tailored for optimal outcomes.
Sophisticated Investor
Unlock exclusive lending opportunities tailored for sophisticated investors ready to scale.
Rentvesting
Live where you love and invest where it counts with our rentvesting strategies.
Holiday Home Loans
Own your dream holiday retreat with our tailored holiday home loan solutions.
Property Improvement
Renovation Loans
Transform your property with renovation loans tailored for projects of any size.
Green Home Loans
Finance eco-friendly homes or upgrades with our green loan products.
Commercial & Construction Loans
Commercial Loans
Secure finance for your business property needs with our commercial loan options.
Construction Loans
Access funds in stages as construction progresses.
Property Improvement
Green Home Loans
Finance eco-friendly homes or upgrades with our green loan products.
Renovation Loans
Transform your property with renovation loans tailored for projects of any size.
Tailored Loan Solutions for Professionals Across All Industries
We provide tailored lending options for healthcare workers, educators, tradespeople, legal professionals, and business owners—designed to suit the way you earn and work.
LMI Waived Loans For Medical & Healthcare Professionals
At Ausfirst Lending Group, we understand that medical and healthcare professionals need more than just a loan—they need a lending partner who appreciates their unique journey. Whether you're a doctor, nurse, dentist, or allied health specialist, we provide tailored home loan solutions with personal guidance, LMI waivers, and flexible options that fit your career and lifestyle. With Richard’s 30+ years of hands-on broking experience, we ensure your loan process is managed with care, transparency, and expertise from start to finish
Home Loans for Doctors
Designed to accommodate complex income structures like private practice, hospital rosters, and ABNs.
Home Loans for Nurses
Flexible loan terms aligned with shift work schedules and frontline service benefits.
Home Loans For Chiropractor
Mortgage options that recognise the cash flow patterns of clinic-based professionals.
Home Loans For Dentists
Lending solutions tailored for high-earning professionals with private practice considerations.
Home Loans For Pharmacists
Designed to support pharmacists navigating retail, hospital, or business ownership income structures.
Home Loans For Physiotherapists
Tailored lending for physiotherapists in private clinics or mobile practices.
Home Loans For Psychologists
Loan programs suited to private practice psychologists and those in multidisciplinary clinics.
Education Professionals
Educators play a vital role in shaping future generations, and we’re here to ensure their home loan journey is just as rewarding. Whether you're a school teacher, early childhood educator, university lecturer, or support staff member, we offer home loan solutions designed to recognise your dedication to the community. From exclusive lending benefits to flexible loan structures, we simplify the process so you can focus on what you do best—teaching and supporting others.
Home Loans for Teachers
Mortgage solutions that support educators with steady incomes and eligibility for LMI waivers.
Law Enforcement & Legal Professionals
For those who serve and protect—whether in law enforcement, emergency services, legal professions, or defence—navigating the home loan process should be as straightforward as possible. We offer tailored mortgage solutions that acknowledge the unique demands of your profession, providing structured lending benefits, flexible options, and personalised support.
From police officers and firefighters to lawyers and defence personnel, we’re here to simplify your path to homeownership with solutions designed around your service.
Home Loans for Lawyers
Structured home loans for legal professionals with scalable borrowing capacity as careers progress.
Home Loans for Police Officers
Reliable mortgage options designed for law enforcement with steady service incomes and allowances.
Specialised Loan Solutions
Low-Deposit Home Loans
Tailored for self-employed professionals and business owners who may not have traditional income verification.
100% Offset Home Loans
Take advantage of a 100% Offset Home Loan to minimise the interest you pay by linking your savings directly to your mortgage.
Family Guarantee Home Loans
With a Family Guarantee Home Loan, your parents or close family members can help you enter the property market by using their home equity as security.
Profession-Specific Home Loan Services
Home Loans for Tradies
Flexible lending for self-employed tradies with fluctuating incomes and contractor work history.
Self Employed Loans
Flexible lending tailored to business owners and freelancers with variable documented income.
Home Loans For Accountants
Structured loan solutions designed for accountants with layered income sources and business deductions.
Engineers
Lending options structured for engineers with contract-based or salaried employment structures..
Our Service Process
Understand
We begin by understanding your unique goals and needs through an initial consultation (via phone, Zoom, or in person).
Gather
We gather key information to validate your financial situation and lay the foundation for the right loan strategy.
Analyse & Plan
We carefully review your options and craft a lending strategy tailored to your specific needs and objectives.
Apply
We prepare and submit your application to the lender, ensuring everything is in order.
Finalise
We manage the settlement process, keeping you informed every step of the way and making sure everything proceeds seamlessly.
Support
We provide continuous support and review, offering updated loan options as your needs evolve over time.
Quality
We don’t just find you a loan that fits; we aim to get one that exceeds your expectations in terms of rates, options, and service.
Choice
We work with over 40 lenders, including big banks and non-bank lenders, giving you unparalleled mortgage choice—you have plenty of options to choose the most suitable home loan for you.
Support
Our team is dedicated to guiding you throughout your homeownership journey, whether it’s securing your first home or an additional investment property. We provide ongoing support, including a 6-month review process to keep your loan competitive.
Experienced Brokers
Every mortgage broker on our team has over 10 years of industry experience, ensuring expert advice every step of the way.
Personalised Approach
We tailor home loan solutions that prioritise your best interests, not the bank’s.
Simple Process
Our entire process is transparent and easy to understand, making the entire journey hassle-free.
Our Lenders
