A Deposit Bond (also known as a Deposit Guarantee) is a quick, easy and low cost alternative to a cash deposit when buying property. It acts as a substitute for the cash deposit required by the purchaser and can be issued for all or part of the deposit amount, from 1% up to 10% of the purchase price.
Commonly accepted nationwide, Deposit Bonds are a great way for securing the deposit on your new home or investment property.
Deposit Bonds are a great alternative to a cash deposit when:
A Deposit Bond is a perfect alternative when buying your first home but do not have access to the full cash deposit when entering into a purchasing contract. A Deposit Bond can also assist those who cannot access their government grant, due to it not being available until after settlement.
A Deposit Bond can be used to purchase both residential and commercial property. A Deposit Bond is a useful tool for investors who want to defer the payment of their cash deposit, particularly when your LVR is between 70% to 100%.
Commercial or business properties such as units, retail, office, storage space, commercially zoned vacant land, individual factory units or general business premises can be bought using a Deposit Bond.
MAILING ADDRESS: GPO Box 2586 Sydney, NSW 2001. TRADING ADDRESS: Level 6, 309 George Street, Sydney, NSW 2000 Deposit Power is the registered Trademark of DP Bonds Pty Ltd.