Deposit Bond in Australia - DepositAssure.com.au

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DEPOSIT BONDS ARE THE SMART ALTERNATIVE TO A CASH
DEPOSIT
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When buying a property or land, you have to
provide a cash deposit, normally up to 10 of the
purchase price. This deposit is used to
guarantee the commitment of the buyer to the
contract of sale.
WHAT IS A DEPOSIT BOND?
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A deposit bond is a an alternative option to a
cash deposit, it guarantees the purchaser/s for a
deposit up to 10 of the purchase price.
WHAT IS A DEPOSIT BOND?
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The main benefit is that it allows the
purchaser/s to defer payment of the deposit until
settlement. At settlement purchasers can then
pay the full purchase price, including the
deposit.
WHAT IS A DEPOSIT BOND?
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Like a cash deposit, the deposit bond
Guarantees the commitment of a purchaser to an
unconditional contract of sale.
Provides a level of comfort to the vendor that
the sale of their property will go ahead.
After settlement the deposit bond expires.
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WHY DEPOSIT BONDS?
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If you are looking to buy, but either do not have
ready access to the 10 cash deposit required, or
perhaps your cash is better served working harder
for you elsewhere, a deposit bond may be the
solution you are looking for.
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Deposit Bonds act as a substitute for a cash
deposit required to especially when youre
Buying at auction and the winning bidder is
required to pay 10 cash deposit to secure the
property
Buying and selling property without immediate
access to a cash deposit to secure your purchase
today
Buying a new home, and a cash deposit is required
to secure the property
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Applying for a loan closer to the settlement of
your new purchase / intending to sell your
property closer to settlement
Planning to buy your first home or a new
property, or invest in a block of land
Planning to purchase an off-the-plan property in
Australia and the developer asks for a 10
deposit to secure your property.
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YOU SIMPLY PAY A ONE TIME ONLY FEE WHEN THE
DEPOSIT BOND IS LODGED. You can use an online
fee calculator to determine the costs for issuing
a deposit bond
WHAT DOES A DEPOSIT BOND COST?
Go to https//www.depositassure.com.au/fee-calcul
ator/
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DEPOSIT BOND TERM The deposit bond term is the
length of time you need the bond for. In most
cases the term length needs to be valid up until
the intended settlement date. DEPOSIT AMOUNT
The deposit bond amount you need can be up to
10 of the purchase price. REFUND POLICY FOR
OFF-THE-PLAN Under Deposit Assures new policy,
buyers will be eligible for a pro rata refund of
their premium, where your purchase settles more
than 6 months before the expiry date of the
deposit bond, up to a maximum value of 18 months.
To claim the refund, we must receive (a) written
proof of the actual settlement (b) the
original Deposit Bond and (c) notice of your
intent to apply for a refund within 45 days of
the Settlement Date.
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Our mission is to make it easier for home
buyers to purchase property. Its that
simple!
HOW DEPOSIT ASSURE CAN HELP YOU?
We help you to realise your property dreams and
offer a smarter approach to secure any new
property purchase
Were genuine and transparent - we make the whole
process simple and apply deposit bonds for you on
your behalf
We have a team of qualified professionals who
provides you with the expert help youre looking
for.
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We want to make it easier for Australians to
purchase property using a deposit bond so why not
leave all the hard work to us and let us prepare
and apply for your deposit bond application for
you! Our deposit bond concierge team, will
assess your situation and if a deposit bond is
what you need, we will go ahead and take care of
your application for you so you can focus on what
you do best!
Deposit Bond Concierge Service
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Our concierge officers, will guide you through
the entire process, from start to
finish.
Assess and pre-qualify your application over the
phone
Prepare and process your deposit bond application
Approve your deposit bond
On approval, deposit bond will be mailed to all
parties.
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Get in touch with our deposit bond concierge
team to check if youre eligible or require a
deposit bond, we assess your situation and guide
you through the entire process. No messy forms
or paper work! Its FREE! To request concierge
service Call 1300 798 797 or email
bonds_at_depositassure.com.au
Getting Started
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Deposit Assure is an innovative provider of
deposit bonds with a team of experts who would
make the whole process easy for the
customers. Backed by one of Australias oldest
and most trusted insurers, QBE Insurance
(Australia) Ltd., Deposit Assure has been helping
many people realise their property dreams.
About DepositAssure.com.au
For more details, visit https//www.depositassure.
com.au/
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Other valuable links you may be interested
in Want to learn more about deposit bonds and
how they work? Click here. Check out our
infographic that has everything you need to know
about deposit bonds and will answer all your
questions. Click here. To download a PDF copy of
our infographic please click here. Our clients
success comes in all shapes and sizes. Meet some
of the people we have helped on their journey to
purchasing a new property. Click here.