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Upsizing your home made easy with deposit bonds
What is a deposit bond for upsizing your home?
What it isn’t
- A home loan
- A bank guarantee
- Expensive
- Full of red tape
What it is
- A deposit guarantee
- Secure as cash
- Legal and trusted
- Widely accepted
It’s a simple, stress-free way to secure your next home, allowing you to buy before you sell.
It’s that simple.
Common questions from those looking to upsize
Should I move to a bigger house?
Buying a bigger home is a major milestone, and the financial logistics can be tricky. Most families have their wealth tied up in their current property, making it difficult to access the cash needed for a deposit on a new home. Deposit bonds bridge this gap, allowing you to secure your dream home without liquidating assets or taking on additional debt.
Can you use deposit bonds to upsize to a new home?
Rather than dipping into your savings or arranging short-term finance, you can use a Deposit Power bond to guarantee the seller that your deposit will be paid at settlement. It works like an ‘I owe you’, offering assurance that the full deposit amount will be covered.
Do families qualify for deposit bonds?
Most applications for a Deposit Power bond are approved within minutes – so you can act quickly on buying a bigger home.
Benefits of using a deposit bond for upsizing your home
Buy before you sell
Peace of mind
No need for upfront cash deposit
Keep your money working
Competitive advantage
Fast approval
Why traditional deposit options don’t always work for families
Securing a bank guarantee can involve a lengthy approval process and lock away your savings or equity as security. You might have less financial flexibility when you need quick access to funds for expenses like moving costs or school fees.
Bridging loans are another option, but they can be expensive and complex. You’re taking on additional debt, sometimes with high interest rates, while still managing your existing home loan. This can add financial pressure and impact your borrowing capacity when selling to buy a bigger home.
Some families also consider selling investments to free up cash for a deposit – but this has tax implications and could reduce the value of your portfolio.
Deposit bonds offer a simpler, smarter way forward. They don’t tie up your savings or require extra borrowing. Instead, they give you the flexibility to secure your next home without the financial roadblocks of traditional deposit options.
Stress-free home buying with deposit bonds
Whether you’re buying an established home or purchasing off-the-plan, a deposit bond gives you the flexibility to bid now without tying up your savings.
Here’s how deposit bonds reduce stress:
Avoid the pressure
Skip the stress
Bid at auction freely
Focus on the move
Upsizing doesn’t have to be hard – deposit bonds help you get there
Whether you’re selling to buy a bigger home or simply planning ahead, deposit bonds are a practical way to take the pressure off. They give you flexibility and breathing room so you can make the move that’s right for your family.
Take the pressure off buying bigger
Whether you’re considering your options or ready to buy, our expert team is ready to answer any questions you have about upsizing your home. For more information about how deposit bonds can help your situation, explore our resources for first home buyers and investors.
Upsize with deposit bond FAQs
How do deposit bonds help with securing a new home while I sell my current one?
It essentially functions as an ‘I owe you’, providing a guarantee that you’ll pay the full deposit amount for the property at settlement.
How quickly can deposit bonds be issued?
Are deposit bonds a good idea for families?
Yes. Deposit bonds are particularly useful for families buying a bigger home.
They give you the logistical flexibility to focus on what matters, which is finding the right home for your family.
Ready to upsize?
Learn more about qualifying for a deposit bond and take the first step to securing your new home.