Deposit Bonds
A Deposit Bond replaces the cash deposit you would normally pay when purchasing a property. There are short and long term bonds available to meet your property purchase needs.
Short-term
These are valid for up to 6 months and are suitable for purchasers who expect to settle in several months.
Long-term
These are valid for between 6 and 48 months and are suitable for purchasers with a longer term settlement, particularly "off the plan purchases"
Deposit bonds are used by:
Homeowners who have all their equity tied up in their home. - First home buyers who will not have access to additional funds until settlement.
- Purchasers who have bought property "Off the plan" with a delayed settlement.
Approvals are usually within a 24 to 48 hour period and the cost for a bond is a one-off fee.
