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.
