Granny Flat Finance Basics (Townsville)

How you fund a secondary dwelling depends on equity, income, the builder’s contract and your lender’s rules. Common paths include redrawing equity, a construction loan stage-payment facility, or paying cash. Lenders often want plans, a fixed-price contract, insurance and evidence of approvals.

This page is general information only — not credit advice. Talk to your broker or bank, and confirm QBCC and insurance settings with your builder. Call 0485 557 649 when you’re ready for a build quote.