Mortgage Broker Eatons Hill | Eatons Hill Home Loans

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Buying a home in Eatons Hill

A leafy suburb nestled around tranquil bushland reserves, Eatons Hill is full of playgrounds and walking paths to explore. For those looking for a bit of excitement, you’ll have your pick of entertainment with the iconic Eatons Hill Hotel playing host to live music acts both local and international, as well as festivals and other unmissable events. You’ll get the best of both nature and the city in Eatons Hill, only a stone’s throw away from the CBD.

House prices reached a median of $917,500 in Eatons Hill in 2022. Contact Naree Ellis now to chat about your options if you’ve been thinking about buying in this area.

Construction loans

Unlike a standard home loan, a construction loan lets you draw money to gradually pay for work as it is completed. This means that you are only paying interest on the money you have used, instead of the entire loan amount from the beginning. Your repayments will be smaller at the beginning of construction and grow until the completion of the build. Generally, these progressive payments will align with key stages of your building process, such as planning and permits, laying the slab, and framing.

Here at Mortgage Choice in Chermside, we can talk you through exactly how your construction loan will function, so you’ve got one less thing to worry about in your home-building journey. Each lender and loan will have different conditions for payment schedules and timelines, so it’s important to get advice from an expert about which loan will work best for your situation - you don’t want to miss any fine print! We let you focus on the difficult decision of paint colours and fixtures, while we take the hard work out of your finance.

If you’re considering building your new home, Naree Ellis can help find you the best loan. Get in touch on 0426 962 952, or book an obligation-free appointment at a time convenient to you to discuss your options.