Deposit Bonds

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 could be the solution you’re looking for.

What is a deposit bond?

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.

Get Australia’s strongest deposit bond

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:

  • A+ credit rating
  • Australian-based insurer
  • Strong track record of paying claims

See how a deposit bond can give you the advantage.

  • Does a deposit bond sound like something you need for your property purchase?
  • We’re here to answer any questions you have about deposit bonds.
  • Not sure if a deposit bond is right for your situation?
  • There are lots of other scenarios we haven’t covered here.

Give us a call

to find out more and see if you qualify.