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.
Our Client Story
A young family were selling their existing house and planning to rent while they house-hunted, but things changed when they came across a sales listing for the perfect property they wanted to purchase as their next family home.
The problem was they were needing the settlement proceeds from their existing home for the deposit. Determined not to let this property go, they explored a few different options like borrowing from family and bridging finance.
Ultimately, a short-term deposit bond was their preferred option. They received the approval and the bond was issued within 24 hours of applying. This meant they could use the bond instead of a deposit, secure their next family home and not feel additional stress or pressure with the sale of their existing home.