Yes, a Deposit Bond can be successfully used as an alternative to a standard cash deposit. This strategy is particularly useful when your equity or investment funds are tied up in another property or asset and will not be unlocked until your simultaneous settlement day.

For example, if you are currently selling your existing home while upgrading to buy another property, a Deposit Bond allows you to confidently proceed with the purchase without having to source a significant amount of upfront cash. These guarantees can be issued to cover all or part of the required 10% deposit.

HOW DOES A DEPOSIT BOND WORK?

We are fully accredited with Deposit Power and can personally assist you with applying for a Deposit Guarantee Bond to streamline your next property purchase.
Contact our business owners today to secure your bond.