A Deposit Bond 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.
Deposit Bonds are widely accepted and have helped over 750,000 Australian’s purchase property.
Deposit Power can be used to purchase most types of residential property including established properties such as houses, units, townhouses and villas. All types of people use Deposit Bonds:
Watch our 60 second animated video that simply explains all you need to know about Deposit Bonds.
A Deposit Power Deposit Bond can help First Homebuyers looking to buy their first property, particularly when you may not have the full cash deposit available when entering into a contract to purchase. Another benefit is for first homebuyers who may not be able to afford the deposit without an applicable government grant, which cannot be accessed until settlement. A Deposit Bond is an effective way to help manage this process.
Deposit Bonds are a great tool for investors looking to defer payment of the cash deposit until settlement, particularly when you are borrowing 80% to 100% of the purchase price. Investors are able to purchase most types of residential and commercial property using a Deposit Power Deposit Bond.
Deposit Power Deposit Bonds can be used to purchase new homes and both registered and unregistered vacant land that will be registered in the future.
Deposit Power Bonds can be used to buy commercial or business use properties such as individual factory units, retail, office and storage space, commercially zoned vacant land and general business premises.
Deposit Power can provide a Deposit Bond for Self-Managed Super Funds (SMSF) who are looking to purchase investment property.
Once a referral is submitted, Deposit Power will contact the customer directly to facilitate the Deposit Guarantee.