Here at Deposit Bonds Australia we do not issue bonds or have any association whatsoever with any company, organisation or business that does.
We are an information portal only and supply information about deposit bonds only.
We noticed via our own experience and research that even though deposit bonds have been around for many years, most everyday people do not have any real understanding of what they are or even how they work. We do not recommend any business over another or receive or intend to receive any commissions or referral payments from anyone or any business for the information provided on this website.
Common Questions About Deposit Bonds
Can I Get a Deposit Bond?
Depending on your situation I either having Finance approval subject only to valuation or owning Australian property then yes, the chances are good that you will qualify.
What about a first home buyer, same conditions apply, however as this is their first property then they may need to use a family member that does own Australia Property.
(When using a Guarantor – There is no Caveat placed over the Property)
How Much Does a Deposit Bond Cost?
Dependant on the amount of the bond and the length of time the deposit bond is required.
Please note: Bond fee is calculated on the Bond amount not Purchase price as some web sites state, also not all bonds are refundable you will need to check the terms and conditions at the authorised bond issuer’s website.
Will the Vendor Accept A Deposit Bond?
Only the Vendor can answer or their legal team accurately. If you are using a provider that is backed by QBE, then you should not have an issue in most cases.
Deposit Bonds are a great alternative to cash deposits when you’re buying property, whether it’s residential (for you or as an investor) or commercial. They free up your cash until settlement, which can be particularly useful if you’re buying an ‘off the plan’ property which could take years to complete.
You can read more here: https://www.qbe.com/au/business-insurance/surety/commercial-deposit-bonds.