Buying a property is pricey. Sometimes, even though you’ve found the perfect place, you just can’t afford the deposit, which means both you and the vendor miss out on the sale. 

Enter deposit bonds. 

What is a deposit bond?

Essentially speaking, a deposit bond, which can be issued for up to 10% of the property purchase price, is insurance that you will come up with the money for the deposit by the time settlement rolls around. 

If you’re looking for a home loan but are inexperienced with finance brokers, attending your first appointment with a broker can be a nervous experience. Getting a home loan, after all, can be quite complex for a first-timer. There are lots of brokers around and there is a lot to learn. But there are many steps you can take to be confident that your appointment will be a success.

A topic close to our hearts is property investment, and passing that knowledge on to you is our aim. Back in 1991 we paid $89,000 for a basic Karama home with a Darwin home loan. Today that property is valued at just under $500,000. That is a two and half doubles in value over thirty years.