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Unlock Your Dream Home Today with a Deposit Bond!
With our fast and easy deposit bonds, you can secure your dream home now and pay your deposit later – no need to wait, no need to compromise!
Pre-approval average time 9 minutes
More cost effective than a bridging or personal loan.
Secure your home now. Don’t wait until you free up cash for a deposit.
Easy and Fast to apply with our digital forms and e-Sign.
We are Deposit Bond Australia
Deposit bonds replace cash deposits when buying a property, giving the seller assurance of payment at settlement. They give buyers an advantage in competitive markets by allowing them to act quickly and increase their chances of securing the property. For home owners, deposit bonds keep cash reserves free for other purposes. They’re a flexible and convenient option that streamlines the property buying process and benefits both buyers and sellers.
- A deposit bond can help you secure your dream home faster, without having to wait to save up a cash deposit.
- A deposit bond can help you secure your dream home faster, without having to wait to save up a cash deposit.
- A deposit bond can help you secure your dream home faster, without having to wait to save up a cash deposit.
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Ready to secure your dream home with a deposit bond? Click below to get started and apply for your pre-approval today!
Get a Pre-approval nowThe Advantage You Need in Competitive Real Estate Markets
Increased buying power
Deposit bonds offer a competitive edge by allowing homebuyers to act quickly, increasing their chances of securing their desired property.
More flexibility
Deposit bonds offer flexibility by allowing homebuyers to cover a deposit amount that’s less than 10% of the property’s value. This help keep cash reserves free for other expenses like renovations or moving costs.
Reduced financial risk
Using a deposit bond can reduce financial risk and stress associated with large cash deposits, providing peace of mind during the property buying process.
How to apply for a deposit bond?
Step 1: Determine your deposit bond requirements
The first step in getting a deposit bond is to determine your requirements. This will include the amount of the deposit bond, the term of the bond, and any other specific requirements that may apply to your situation.
Step 2: Apply for your deposit bond
Once you have determined your deposit bond requirements, the nex step is to apply for your deposit bond. This can typically be done online, with most deposit bond providers offering an easy and convenient online application process.
Step 3: Receive your deposit bond
Once you application has been approved, you will receive your deposit bond, usually within 24-48 hours. You can then present this bond to the seller or their agent as a guarantee that the deposit will be paid at settlement.
Who can benefit from Deposit Bonds
Deposit bonds can be a great option for a wide range of property buyers, but it’s important to understand whether you meet the eligibility criteria before appluing for a deposit bond. So, who is eligible for a deposit bond?
Three or Six month finance backed deposit bond premium calculator
To use the calculator just enter the value of your property in the first box, The premium will automatically calculate for a 10% deposit bond.
If you require less than 10% just enter the amount for the Deposit Bond value.
“Without Formal Finance Approved” deposit bond premium calculator
To use the calculator just enter the value of your property in the first box, The premium will automatically calculate for a 10% deposit bond.
If you require less than 10% just enter the amount for the Deposit Bond value.
How to Qualify for a Deposit Bond?
As a leading provider of deposit bonds, we understand that every property buyer’s situation is unique. That’s why we’ve designed our eligibility criteria to be accessible and flexible, while still ensuring that our clients have the financial capacity to secure their dream property. Here are the key criteria that we look for when evaluating applicants:
- Financial capacity: To be eligible for a deposit bond from us, you’ll need to demonstrate that you have the financial capacity to repay the bond if required. This may involve providing proof of incode, assets, and other financial details.
- Property type: We offer deposit bonds for a wide range of residential properties, including apartments, houses, and land. Our bonds can be used to secure properties that are being sold by private treaty
- Credit history: We take your credit history into account when evaluating your application. While a poor credit history or history of bankruptcy may impact your eligibility, we understand that everyone’s circumstances are unique. If you’re concerned about your credit history, we encourage you to reach out to us for help.
- Purpose of purchase: Our deposit bonds are designed specifically for property buyers who are looking to secure their dream home. While we don’t offer bonds for other purposes (such as business loan), we’re dedicated to helping you achieve your property goals.
- Provider criteria: As a provider of deposit bonds, we have our own criteria and restrictions that we use to evaluate applications. Our friendly team is always available to answer any questions you may have about our eligibility criteria.
Real-Life Examples of Home Owners Who Used Deposit Bonds to Secure Their Dream Homes
Become another happy home owner
These are just two examples of how deposit bonds can help turn your property dreams into reality. Whether you’re an upsizer, retiree, a property investor, or simply someone looking to secure your dream home, a deposit bond can provide the speed, security, and flexibility you need to make your property dreams come true.
Get a Pre-approval nowGet Started Today and Secure your Property!
We simplify the stressful property buying process by providing deposit bonds that offer speed, flexibility, and security. Whether you’re an upsizer, investor, or first homebuyer, deposit bonds can be the competitive advantage you need in the real estate market.
With no need for a cash deposit and a guarantee to the seller, deposit bonds provide confidence in your purchase. Get started now and take the next step in your property journey.
Get a Pre-approval nowI’ve been getting deposit bonds for my through Deposit Bond Australia for over 7 years now and they have not let me down once. They are very quick to contact, super easy to work with and hassle free. As long as you provide what is needed they will get
Mark BonniciI’ve been getting deposit bonds for my through Deposit Bond Australia for over 7 years now and they have not let me down once. They are very quick to contact, super easy to work with and hassle free. As long as you provide what is needed they will get
Mark BonniciNavigate the Real Estate Market with Confidence. Download Our Guide Now!
Are you planning to buy or sell property in the near future? The process can be overwhelming, confusing, and time-consuming, but it doesn’t have to be. Our comprehensive guide to purchasing and selling property is here to help.
- Step-by-step guidance on the entire buying and selling process, from finding the right property to closing the deal
- Insider tips and tricks for negotiating a fair price and avoiding common pitfalls
- Expert advice on navigating the legal and financial aspects of the transaction, including financing options, contracts, and more
- Real-life examples of successful property purchases and sales, and the strategies that made them possible
- And much more!
Don’t navigate the real estate market alone – download our guide today and start your journey to success!
Check out our Property purchasing guide for 2023Have a question?
We’re here to help! Fill out the form or reach us via email or phone. Our Customer Care Team is available to help you get the best experience.
Everyone gets a personalised response, so please allow 24 hours during business hours for a reply.
1800 266 388 (02) 9966 1044 (02) 9966 1320 admin@deposit.com.auCommon questions about Deposit Bonds
Retirees or Purchasers Downsizing
- Where the equity available from a property sale is sufficient to fully fund the new purchase and therefore no loan is required to settle.
- All surplus funds are tied up in an existing property and are not readily available upfront for payment of the Deposit needed to exchange Contracts of Sale
How do deposit bonds work?
It’s easy! You may be ready to buy your property or already found the one you want. However, you may not have ready access to the full deposit you are required to pay upon signing of your contract of sale, the property may be under construction with a longer than normal settlement term or your funds may be tied up as equity in other assets or longer term investments such as shares. Whether you have immediate access to your deposit or not there are several reasons why you may not be able to, or want to, use your own funds to pay your deposit. Quite simply a deposit bond is a form of a guarantee accepted by Vendors in lieu of a cash deposit. It defers the need to use your cash up front. At settlement you will be required to pay the full purchase price and any associated costs. For more information please refer to our Information Brochures under Downloads.
Who is Deposit Bond Australia?
Deposit Bond Australia Pty Ltd are authorised agents of QBE Insurance (Australia) Limited. QBE's founding company was established in 1886 and has grown into an international insurance group operating from over 200 offices in 30 countries worldwide. Whether you're buying a property to live in or you're an investor a Deposit Bond is the smart way to secure your purchase.
How much does it cost?
Deposit Bonds are a cost effective alternative to other forms of short term or bridging style loans. You pay an up front one off fee when the bond is issued and there are no ongoing fees or interest charges. To find out what your deposit bond will cost please go to our Fee Calculator for an immediate quote.
Do I need to provide security for a deposit bond?
Deposit bonds are unsecured, which means assets, savings or lines of credit can be kept intact.
Do I need to already own Australian property in order to get a deposit bond?
In most cases yes. If you do not own property we will accept spousal guarantees where the property asset is in the spouses name or in the case of First Home Owners we will accept parental guarantees where the parents own property. Property ownership is not necessary where you have an unconditional loan approval from an acceptable lending institution, the term of the bond is six months or less and have proof of funds to complete the property purchase.
Can I get a deposit bond if I'm from overseas?
You are required to be an Australian Citizen or hold permanent Australian residency status in order to be eligible.
How long does it take to arrange a bond?
Once we have received your fully completed DBA Deposit Bond application and supporting information deposit bonds are generally assessed and issued within 4-48 hours, depending on the complexity of the application.
What happens if I don't settle on the property?
Should a Purchasers' financial situation alter and as a result can no longer settle, the Vendor will become entitled to receive the deposit monies noted in the contact of sale. By the Vendor making a claim against the deposit bond it is “cashed in” via QBE making the appropriate payment to the Vendor, or stakeholder nominated in the contract of sale, within the timeframe specified on the bond.
The Purchaser is then required to reimburse QBE. If the Purchaser fails to do so the Underwriter has the right to take legal action against the Purchaser for full recovery of the deposit bond value.
Target Market Determination
QBE's Target Market Determination for the Deposit Bond product issued by Deposit Bond Australia Pty Ltd is available in the Information Brochures section under Downloads
What if I have a Complaint?
Deposit Bond Australia believes that it is essential to hear and respond appropriately to any complaints or disputes raised by our customers. Our Complaints Policy is available: DBA – Complaints Policy (QBE Deposit Bonds) and informs you how to make a complaint and the process involved in dealing with the complaint.
What if I have more questions?
Our friendly staff are available during normal business hours (EST) to talk to you about your needs. If you have any questions please contact us on our Freecall number 1800 266388.