About Us
We help buyers across Australia and New Zealand secure property using Deposit Bonds.
We offer a variety of bond types from a trusted panel of providers, ensuring you get the best possible fit for your purchase - not a one-size-fits-all solution.
What is a Deposit Bond?
A Deposit Bond is an insurance-backed certificate that can be used as an alternative to a cash deposit when purchasing property. In a normal property transaction, a buyer is required to pay a cash deposit to exchange on the property – usually 10% of the purchase price. A Deposit Bond is used in lieu of a deposit. It is not a loan.
Then, when the buyer completes the property purchase, i.e. at the time of settlement, they will then pay the full purchase price including the 10% deposit.
We help all types of property buyers.
INVESTORS | OFF THE PLAN | HOME BUYERS | DOWNSIZERS
What are the benefits of a Deposit Bond?
Act quickly when timing is critical to the transaction, such as when you are buying and selling at the same time.
Secure a property without needing to sell investments, withdraw savings and sacrifice earnings, or borrow money.
Not having to have cash tied up for a long period of time without working for you.
Be prepared and auction ready by having a pre-approved auction Deposit Bond.
Move forward quickly without disrupting your financial position.
A Deposit Bond is different from a loan
There is no borrowing of money, no ongoing interest repayments, and no financial arrangement between a lender and a borrower.
A Deposit Bond is an insurance-backed guarantee that allows you to secure a property now, and pay the deposit amount at settlement.
What is the fee for a Deposit Bond?
If settlement is under 6 months (short term Deposit Bond)
The bond fee is 1.3% of the bond amount required.
For Example:
Purchase Pirce = $800,000
Deposit Required = $80,000
Deposit Bond Fee = $1,040
If settlement is over 6 months (long term Deposit Bond)
The bond fee is circa 3% per year of the bond amount required.
For Example - An Off-The-Plan property with a 48 month sunset clause:
Purchase Price = $2,000,000
Deposit Required = $200,000
Deposit Bond Fee = $24,000