Enter your future home with ease.

Deposit Power helps you exchange on your new home without relying on a cash deposit.

Deposit Power is Australia’s longest-standing deposit bond provider, having helped over one million buyers and sellers to move into their future home.

The Power of Deposit Bonds

Deposit bonds are the simple, low cost alternative to a cash deposit when buying property.

A deposit bond is a certificate that can be used in place of the cash deposit the purchaser needs to pay when signing a contract of sale. It acts as a guarantee of the deposit payment. At settlement, the purchaser simply pays the full purchase price.

Flexible and secure

Whether you are house hunting, buying at auction, looking to downsize, or purchasing your first home, our deposit bonds can help you.

Massa nec in euismod ac est odio platea tortor. Augue vitae hendrerit nisl pulvinar aenean. Risus augue duis tellus a montes pellentesque feugiat. Suspendisse lacus nisl venenatis ultricies lectus congue. A quis congue.

Get Exchanging in Minutes

In elit vitae amet sed ut amet aenean. Duis quam in commodo amet vestibulum sit sit ac mauris. Morbi turpis mauris id dui nisi. Ultricies tristique ligula nunc blandit quis gravida nulla elementum. Nulla dui ullamcorper vel malesuada sagittis.

Safe, secure and trusted.

In elit vitae amet sed ut amet aenean. Duis quam in commodo amet vestibulum sit sit ac mauris. Morbi turpis mauris id dui nisi. Ultricies tristique ligula nunc blandit quis gravida nulla elementum. Nulla dui ullamcorper vel malesuada sagittis.

Something about saving money to spend on your home

In elit vitae amet sed ut amet aenean. Duis quam in commodo amet vestibulum sit sit ac mauris. Morbi turpis mauris id dui nisi. Ultricies tristique ligula nunc blandit quis gravida nulla elementum. Nulla dui ullamcorper vel malesuada sagittis.

Join 1000’s of Australians who are opening a door to their next life chapter.

“We are playing it forward. This is about what makes us happy, what sort of life we want to lead and where we want to live.”

Geraldine and Mike | Secured their dream property to downsize into their retirement with a deposit bond.

“We are playing it forward. This is about what makes us happy, what sort of life we want to lead and where we want to live.”

Geraldine and Mike | Secured their dream property to downsize into their retirement with a deposit bond.

The Knowledge Centre

Don’t let cash hold you back, secure your deposit today

Apply today and you could qualify for auto approval (up to $200K deposit), digital bond is delivered instantly”

Deposit Bond

Egestas lorem imperdiet turpis accumsan elementum in amet at.

Apply in minutes and get exchanging today

A one of fee

A safe and secure way to exchange

Flexible in all buying scenarios

Frequently Asked Questions

What is a deposit bond?

A deposit bond is a certificate that can be used in place of the cash deposit between signing contracts and settlement of the property purchase. The deposit bond replaces the need for a 5% or 10% cash deposit when contracts are exchanged.

A deposit bond is ideally suited to those purchasers who do not have the required cash deposit, but they have the financial capacity to purchase the property. Deposit bonds enable the purchaser to pay the full purchase price at settlement, instead of paying a cash deposit upfront. For example, if you are buying a property for $500,000, you usually have to pay an initial deposit of 10% being the $50,000, with the remainder of $450,000 due at settlement. With a deposit bond, you only pay a one off fee for the deposit bond certificate, in this case $650, and secure the title to the property. At settlement you pay the full contract price of $500,000.

Deposit bonds can be issued for up to 10% of the purchase price on most types of property with settlement terms of up to 66 months.

Why would a purchaser need a deposit bond?

There are many scenarios when a purchaser may need a deposit bond to assist in securing their new home or investment property. Purchasers often find themselves in a situation where they have the ability to settle on a property, however may not have the cash readily available to put a deposit down. Some common scenarios include:

  • buying and selling simultaneously
  • investors borrowing the full purchase price
  • first home buyers who do not have the full 10% cash deposit
  • upsizers or downsizers with all their cash tied up in their existing property
  • buying off-the-plan and not wanting to tie up cash for years

Deposit bonds are ideal for purchasers who are asset rich but cash poor or for purchasers who simply don’t want to use their own cash savings until settlement.

What types of deposit bonds are available?

There are two types of deposit bonds, a short term deposit bond for settlements up to 6 months, and a long term deposit bond for settlement terms of up to 66 months. Approval requirements for each of these deposit bond types vary depending on the given scenario.

Deposit bonds can be issued for most situations and types of properties including first homebuyers, investors, simultaneous settlements and for existing property, vacant land, off-the-plan purchases, auctions and private treaty purchases.

What is a registered titled property?

This term is used when referring to a title for established properties where the land has been registered with the Land Titles Office (or similar department, depending on the state) and have therefore been assigned a “Lot” and “DP”/”SP” number (DP = Deposited Plan, SP = Strata Plan). These details will be noted on the contract of sale in the Land section and in most cases will result in a specific settlement date being scheduled. Registered properties generally have a settlement date within 6 months from the contract date. In this scenario, a short term deposit bond is ideal for securing a registered property.

What is a guarantor and how does it work?

In some circumstances we may request that parties, who are not listed as purchasers in the deposit bond application, to complete a Guarantee & Indemnity form. Completing the Guarantee & Indemnity form ensures that all parties including guarantors are fully aware of their obligations.

Guarantor parties fall into the following categories;

  • Co-owners
  • Company Directors

When a Company (including a Company as Trustee for a Trust) is applying for a Deposit Power Deposit Bond, in addition to authorising the Company to purchase the deposit bond by completing the application form. Company Directors will also be required to complete the Guarantee & Indemnity form.

  • Family Members

At Deposit Power we understand that many people get their start in the property market with help from their family. In situations where first home buyers would normally be ineligible for a deposit bond, we are usually happy to consider an application where an immediate family member will act as a guarantor. To act as a guarantor, family members need to own existing property/ies with sufficient equity to satisfy our requirements. Family members acting as a guarantor are required to complete the Guarantee & Indemnity form.

How can a deposit bond be purchased?

Applicants can either apply directly on this website or through an accredited Deposit Power mortgage broker, conveyancer, lender or finance specialist.

Need help with your getting started on your journey?

We’re here to help, if you have any questions, get in touch.
We are available weekdays, 9am –5pm.

1800 788 966