What is a Deposit Bond?

A deposit bond is like a digital IOU instead of putting down cash when you buy a house.

A deposit bond is a digital certificate instead of a cash deposit. It guarantees your deposit and lets you pay later when you settle the property purchase.

The benefits of deposit bonds:

• It’s just as good as cash.
• You don’t need cash upfront.
• It’s quick and easy.
• You can make offers and buy without waiting to gather a cash deposit.
• You buy now and pay the deposit later.
• No extra fees or interest.
• Reduces stress and worry.
• You can use your cash for other investments

What it is:

• A guarantee for your deposit
• As secure as cash
• Legitimate and trusted
• Widely accepted

What it isn’t:

• A home loan
• A bank’s promise to pay
• Costly
• Full of complicated paperwork

How does a deposit bond work?

Once you have your deposit bond:

• You can start looking for properties, make offers, and buy immediately.
• You use the digital bond to secure the property, just like cash.
• You only pay the deposit once the property purchase is settled, and then it’s all yours.

Deposit bonds can be used for:

• Buying at auction or through private sale
• Deposits up to 10% of the property price
• Settlement terms up to 5.5 years

Who can use deposit bonds?

• Buyers
  Act quickly even if you don’t have the deposit. A deposit bond gives you buying power.
• First Home Buyers
  Get into the market without paying a deposit upfront.
• Investors
  Your money isn’t tied up in a deposit, so you can invest it elsewhere.
• Sellers
  Deposit bonds protect your deposit, and you still get it if the deal falls through.
• Off the Plan Purchasers
  Deposit bonds cover any delays, so you’re not stuck with a cash deposit.
• Commercial Buyers
  Buy commercial property without tying up your cash.

Ready to find out more?

Contact our team to find out if a deposit bond is the right option for you and get started today.