We help buyers across Australia and New Zealand secure property with the right Deposit Bond offering choice from a trusted panel of providers so you get the best fit for your purchase, not a one-size-fits-all solution.
Why Are Deposit Bonds Suitable for Home Buyers?
Deposit bonds are commonly used by home buyers of all sorts, including families and first home buyers.
Some common examples are families who are needing to sell before they can buy, and first home buyers who are relying on gifted funds not yet available, or who are searching for property in a highly competitive market where speed is critical to secure the right property.
We also know that the home buying search can take time and with that often comes attending multiple auctions. This means you need to be prepared to exchange after the drop of the hammer. Having the deposit amount in cash constantly available on-hand can come with an opportunity cost when it could be invested elsewhere. An auction deposit bond pre-approval allows you to attend auctions with confidence, without needing to have cash available for the duration of your search.
Dan & Steph’s Journey
Dan and Steph were upsizing in Brisbane. They found the house they wanted, but the deposit was coming from the sale of their current home — and that sale hadn't happened yet. To secure the new home on a competitive sale, they needed to exchange without delay.
Without selling first, the deposit had to come from somewhere else: withdrawing investments meant break fees, forfeited return and a possible capital gain; short-term debt meant interest and fees on top of their existing mortgage; selling in a hurry risked a worse price on their own home.
A deposit bond solved it — a guarantee to the vendor, paid in full at settlement, with no sale required first. Approved before close of business the same day, it let them secure the property before they sold, leaving their investments untouched and their own home to go to market when they were ready.