Make your next move a breeze with a deposit bond

A deposit bond can come in handy when you’re buying and selling at roughly the same time, particularly if:

• You’ve found your dream home but still need to sell your current property
• You don’t have the deposit just yet, but you’ve sold your home and will have the funds at settlement

As long as the vendor agrees, you can use a deposit bond for up to 10% of the purchase price when making an offer on a property, for an auction, or when purchasing an off-the-plan property.

Before submitting an application, it’s important to check with the real estate agent and vendor that a deposit bond will be accepted for the property you’re planning to make an offer or bid for.
 

Your Aussie Broker can help you to apply for a deposit bond through our partner Deposit Assure. Your deposit bond can be issued in as little as 1 hour and the process couldn’t be easier.

Step 1:

Your broker will work with you to submit the information required for your deposit bond. Don’t worry, it’s pretty quick and easy! Once all your details have been captured, you could receive a pre-approval for your deposit bond within 15 minutes.

Step 2:

A summary of your application will be sent to you within 1 business hour. You can sign this electronically using DocuSign and pay for your deposit bond by credit or debit card.

Step 3:

You’ll receive an email within seconds giving you access to your deposit bond certificate on mobile and desktop for use immediately.
 

Once the digital deposit bond is ready to use, you (and any other listed purchasers) will be invited to access and view the digital deposit bond by email.

To view, enter your email address and a verification code will be sent to your email. You can enter this code to access the deposit bond.

The digital deposit bond will also be issued to your legal representative, who can then forward the digital deposit bond to the vendor’s legal representative to exchange on your purchase.
 

The cost of a deposit bond will vary depending on how long you require the bond for and the deposit amount. It’s quick and easy to get a quote through your Aussie Broker.

If your settlement is within six months, your one-off fee is as little as 1.3% of the deposit bond amount. Costs may vary depending on your specific needs.
 

Your Aussie Broker can help you through the whole process, from organising your deposit bond to settling your home loan and beyond.

We partner with Deposit Assure to provide deposit bonds because they are:

Fast

Your deposit bond can be issued in as little as 1 business hour.

Easy and convenient

Applying and receiving your deposit bond is a simple, digital process.

Reliable

Deposit Assure is backed by QBE Insurance (Australia) Ltd, which ticks the box of many vendors and their legal representatives.