Breathe new life into your property with BLOX’s knockdown and rebuild finance solutions. Our team of experts will guide you through the demolition and reconstruction process to help you build your dream home.
We know knock-down and rebuild projects are unique. Our team will work with you to structure a loan that covers demolition costs and new construction so you don’t disrupt your finances.
Access our lender panel and a range of construction finance options tailored to your rebuild. We’ll help you choose between fixed, variable, or split-rate loans that align with your goals and project timeline.
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Our knock-down and rebuild loans are designed to help you get the most out of your property. We’ll work with you to structure a loan that considers your current equity and the future value of your new home.
At BLOX, we have a range of finance solutions to help you transform your existing property into your dream home with confidence and simplicity.
We take the time to understand your project goals, timeline and budget, assessing the unique challenges and opportunities of knocking down and rebuilding. Our team works closely with you to develop a tailored financing solution that aligns with your needs and maximizes your chances of success.
BLOX helps you navigate the financing process from preparing strong loan application and feasibility assessments to structuring progress payments and managing cashflow. We leverage our extensive network of lenders to secure the best rates and terms for your project ensuring you have the financal support you need.
Throughout the construction journey, BLOX remains by your side. We provide practical guidance across progress payments, contract variations and end-of-project financing, helping you anticipate challenges, manage funding requirements and keep your project moving forward.
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At BLOX, we're ready to help you navigate the complexities of construction finance and bring your vision to life.
Get startedYou can knock down a mortgaged property, but you must inform your existing lender. Most mortgage contracts require you to notify the bank of any significant changes to the property. When arranging finance for the rebuild, BLOX will help you disclose this information to your existing and new lenders to make the process smooth.
The valuation process for a knockdown and rebuild project is more complex than a standard property purchase. Valuers will typically separate the land value from your existing property’s total value. They’ll then typically add the cost of the new build contract on top of the land value. However, the total valuation may not be the sum of these two figures. Location, market conditions and potential overcapitalisation can impact the final valuation. BLOX will guide you through this process to help you understand and maximise your property’s value.
The equity required depends on your project and financial situation. Most lenders allow borrowing up to 80% of the property’s value, so you’d need at least 20% equity. However, the amount of equity required is relative to the cost of your rebuild. BLOX will work with you to assess your current equity position and help structure a loan that meets your needs and lender requirements.
There are several loan options, including construction loans, home equity loans, and refinancing your existing mortgage. BLOX will help you explore these options to find the best fit for your project and financial situation.
This is a common concern for many homeowners. Some options include living with family, renting temporarily, or including the cost of temporary accommodation in your loan. BLOX can help you factor these costs into your overall financing strategy so you’re covered throughout the project.
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