How To Get A Deposit Bond
If you are in the process of purchasing a home, you might have come across the term ‘deposit bond’. What is it and do you need one? How to get a deposit bond in Australia and how much do they cost? We have all the answers for new home buyers. What is a Deposit Bond? Deposit bonds are a financial instrument that may be used “in place of a deposit when a buyer exchanges contracts on a property,” according to the Australian Securities and Investments Commission (ASIC), guaranteeing the seller that the buyer will pay the full deposit on an agreed date....