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A Deposit Bond is an alternative form of deposit that is provided by the purchaser of a property when exchanging contracts. |
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| Should the vendor agree to accept the Deposit Bond, a Deposit Bond provides you with the flexibility to pay the full purchase price at settlement. Deposit Bonds are available for amounts between 5% and 10% of the purchase price. |
| Deposit Bonds are available for either up to six months (for those who expect to settle within the short-term of six months) or between six to forty-eight months (for those who expect to settle in the long term). |
| Buying a new home? |
| If you are planning to buy a new home after selling your existing one, a deposit bond can enable you to secure your new property without the hassle of bridging finance or waiting for your funds from your existing property to settle. |
| Thinking about purchasing a property from an auction? |
| Deposit Bonds provide you with the convenience of purchasing a property from an auction. In this instance, a deposit bond may be issued allowing you peace of mind to bid at auction. |
| Are you an Investor? |
| As an investor, deposit bonds allow you the conformability of paying your cash deposit of your new property at settlement. |
| "Off The Plan" Purchases |
| A Long Term Deposit Bond up to 48 months is available for those people who do not wish to tie up their cash, pending completion of a residential property. |
| *Please note: Information that is contained on the web site should be used as a guideline only. You should seek advice from professional financial, legal and real estate specialists before purchasing a property and/or applying for a loan. |
