deposit bonds

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Deposit Bond?

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A deposit bond – which is a substitute for a traditional cash deposit – can be a great option for anyone who wants to buy a property but either doesn’t have the cash deposit on hand or would prefer to deploy that cash elsewhere. The deposit bond can be used to cover up to 10% of the purchase price. At settlement, the purchaser simply pays the full purchase price of the property.

Why Would I Use a Deposit Bond?

You might use a deposit bond if you don’t have the cash deposit available at the time of exchange. Often people can have their cash tied up in other investments and are unable to access those funds at short notice. You might also prefer a deposit bond over a cash deposit if you were buying a property with a long settlement; that way, instead of having the money languishing in the agent’s bank account for months, you could deploy that cash elsewhere.
A deposit bond – which is a substitute for a traditional cash deposit – can be a great option for anyone who wants to buy a property but either doesn’t have the cash deposit on hand or would prefer to deploy that cash elsewhere. The deposit bond can be used to cover up to 10% of the purchase price. At settlement, the purchaser simply pays the full purchase price of the property.

Why Would I Use a Deposit Bond?

A deposit bond – which is a substitute for a traditional cash deposit – can be a great option for anyone who wants to buy a property but either doesn’t have the cash deposit on hand or would prefer to deploy that cash elsewhere. The deposit bond can be used to cover up to 10% of the purchase price. At settlement, the purchaser simply pays the full purchase price of the property.

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At Azura Financial, our award winning team’s number one objective is to empower our clients to strategically navigate the lending landscape and achieve their goals.

Getting a Deposit Bond is Fast and Easy

Azura Financial can help you secure a deposit bond. The whole process – from applying for the bond to receiving it digitally – can be done within a matter of hours. You would choose a short-term bond if you were expecting to settle within six months or a long- term bond if you needed up to 66 months (for example, if you were buying an off-the-plan property or a house-and-land package).

Can You Always Use A Deposit Bond?

The deposit bond is legally valid and available in all states and territories in Australia. However, a vendor can insist on cash rather than a deposit bond if they desire. Your solicitor/conveyancer must confirm and agree with the vendor that a deposit bond is acceptable prior to you bidding at auction or signing a contract.

Getting a Deposit Bond is Fast and Easy

Azura Financial can help you secure a deposit bond. The whole process – from applying for the bond to receiving it digitally – can be done within a matter of hours. You would choose a short-term bond if you were expecting to settle within six months or a long- term bond if you needed up to 66 months (for example, if you were buying an off-the-plan property or a house-and-land package).

Can You Always Use A Deposit Bond?

The deposit bond is legally valid and available in all states and territories in Australia. However, a vendor can insist on cash rather than a deposit bond if they desire. Your solicitor/conveyancer must confirm and agree with the vendor that a deposit bond is acceptable prior to you bidding at auction or signing a contract.

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February 2023

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2023-12-19
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2023-12-18
The team over at Azura Financial went above and beyond to make sure I was able to find a competitive mortgage. A massive thank you to Tom and especially Riwaz for doing an outstanding job, I highly recommend them for all your broker needs. Could not speak highly enough of them.
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2023-12-13
We couldn't recommend Felix & the team any more & in fact, have referred him to so many family & friends already. The knowledge, support, guidance & speed at which Felix helped us was nothing short of phenomenonal - we knew we were in good hands with a trusted professional who understood our needs & also understood the industry. Felix countlessly went above & beyond - keeping in touch & keeping us updated outside of work hours, weekends & even while he was on leave! Thank you, we won't be using anyone else. Absolutely five stars, more if we could! Cara & Allan.
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2023-12-12
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2023-12-10
We have now purchased two properties with Harry and the team and cannot recommend them higher. Azura constantly go above and beyond to ensure our needs are met and the deal is done quickly and perfectly every time. If there were 6 stars, I would be giving Azura Financial them all. Thanks again!
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2023-12-08
Chris was highly proactive and I appreciated his efforts in getting me a better rate and much higher valuation. It was great to have a broker who cared about getting the best results.
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2023-12-06
Max is a superstar! He helped my husband and I refinance and was super responsive and worked really hard to get it done for us promptly.
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DS Dave
2023-12-04
Tom Hawley and his team are super efficient and get it done with minimum fuss and with only the paperwork and leg work on your part that is absolutely required. I’ve used them for my finance needs for many years now. Number 1
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JJ
2023-12-04
Nick is a great broker who is clear and concise in his communication and recommendations. I would recommend him to anyone looking to get a loan or refinance.

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