Deposit Bonds

Don’t have access to the 10% cash deposit to secure your property or land purchase?

You’re not alone.

A growing number of Australian homebuyers are in the same frustrating spot. Here are some common scenarios:

First Home Buyers who simply don’t have enough cash sitting in the bank for the deposit.

Buying & Selling at the same time: You’ve fallen in love with a new home and need to put a deposit down to make sure it’s yours. But you won’t have access to the cash until the sale of your current property has settled, which could be months away.

Downsizing: Chances are your cash is all tied up in your property and assets. Maybe your current home isn’t on the market yet.

Purchasing Investment Property: You want to take advantage of a great property investment opportunity, but your cash is tied up in other properties.

Sound familiar?

A deposit bond is used in place of the cash deposit required between signing the contract of sale and settlement.

Think of a deposit bond as an IOU for the deposit amount you need to secure your property.

Here’s how it works:

A deposit bond guarantees up to 10% of the purchase price.
A deposit bond guarantees your commitment to an unconditional contract of sale, just like a cash deposit.
At settlement, you simply pay the full purchase price, including the deposit amount and any other costs, like stamp duty.
You pay NO interest – the only money exchanging hands is the deposit bond fee, which you pay to the deposit bond provider upfront.

We partner with the best to make sure you get a strong deposit bond that will be accepted by the vendor.

Deposit Assure provides deposit bonds backed by QBE Insurance (Australia), which ensures:

to find out more and see if you qualify.