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What is a deposit bond?

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The smart and easy alternative to a cash deposit is a deposit bond which provides an easy and cost effective deposit solution for purchasers of residential property. There are a few alternatives including from your bank however I have used Deposit Power regularly over the past 10 years and have always found them great to deal with. The Guarantee acts as a substitute to a cash deposit of up to 10% on a residential property providing a safe cash deposit alternative to vendors. They are ideal for investors, first home buyers, purchasers of vacant land and house and land packages where the cash is not readily available. Fees and conditions apply to deposit bonds so if you think you may benefit or wish to discuss further then please do not hesitate to make an appointment.

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