Deposit Bond Scenarios & Clarifications, from an intermediary’s perspective

As an opening statement, Aussie Bonds Australia works extremely hard to find a solution, versus ‘computer says no’.
We’ve earned the reputation that ‘It’s when Aussie Bonds says no, then there’s no other options!’. and here’s the reasons why!

With the financial strength of QBE (rated A+), Aussie Bonds can respond to almost all Deposit Bonds requests.

Residential & Commercial real estate, including vacant land;
Private Treaty, Bids or Auction;
Existing property owners (including where looking to buy another but the current property isn’t already under contract), first home buyers, super funds, trusts, partnerships, business entities, etc.;
For periods up to 60 months (66 months in Qld for residential);
From $10,000 to unlimited deposit amounts;
… Plus our competitive pricing and commission means your clients pay less, whilst you make more!!

It really is that simple.

Have a read of the scenarios below. If I’ve overlooked a scenario, I welcome your contact.

Sincerely,
Kerry Henry, CEO
0498 888 333 (24/7, less sleep, Sydney time)
[email protected]

(click on the question, for the answer)

Are Deposit Bonds worth my time & effort?

New Deposit Bond Opportunities

Sell / Buy

Couple own an existing property and looking to buy another property, but in just one of the couple’s names

Can a Deposit Bond be used where a couple currently jointly own real estate; looking to buy another; but for various reasons, the new property will be in just one name?

Yes, however, both parties need to be applicants as they are both guaranteeing rights of recovery should the new property not settle and the insurer has to recover the Deposit Bond amount.

Mature Applicants looking to downsize & not requiring finance

First Home Buyers (FHBs)

A couple divorcing/separating

Can a Deposit Bond be issued where a couple are divorcing/separating; they are joint owners of an existing property that is already under Contract of Sale or shortly to go on the market; and one or both are seeking a Deposit Bond to secure their own real estate purchase?

Yes. Again, on the basis that the applicants must own Australian based real estate, they must mutually agree to provide the existing joint owned property as fallback for the Deposit Bonds.

If there are Family Court orders that stipulate the distribution of finances, we can take this into account, versus mutual agreement to provide the existing property as fallback.

Buyers are short on required ‘net equity’

Australians working overseas wanting to buy property in Australia

What about a foreign person now residing in Australia or simply a foreign person seeking to buy Australian based real estate?

What about Trusts, Superfunds, Partnerships or Businesses using Deposit Bonds?

Can a Trust, Superfund, Partnership or Business use Deposit Bonds?

Yes. The applicant would be the party/entity purchasing the real estate, albeit established or off the plan residential or commercial real estate, including vacant land. The trustees/partners/directors of the purchaser would be required to go as guarantors and they must own existing Australia based real estate in their individual names (i.e., property owned outside of the trust, superfund, partnership or business).

Deposit Bond called by the vendor, fairly or unfairly

Testimonials

As a busy suburban solicitor, I am very familiar with the stress surrounding clients purchasing property. The professionalism demonstrated by Aussie Bonds Australia, on repeat occasions, has helped to remove a large amount of client stress in helping to secure their Contract of Sale within tight cooling-off periods.
- Mitchell Reece & Associates, Jannali NSW
Thanks Aussie Bonds for assisting us to sort our 'off the plan' purchase. In comparison to others we approached, your guidance and support was amazing. Plus we benefited from your competitive pricing and fast turnaround when we were caught short.
- Vic & Emily Cabaleri, Balmain
It is such a refreshing and pleasant experience to do business with a company that gives great customer service. My dealings with Aussie Bonds have been exceptional, efficient, professional and patient.
- Sue Alexander, Licensed Real Estate Agent, Northern Beaches, Sydney
Aussie Bonds delivers on or often above expectations, which is remarkable to me. How do you create an environment & culture that aims for excellence and continually delivers beyond expectation. Your company is unmatched in the Deposit Bond space.
- Erik Reurts, Blue Tongue Finance, Sydney
I've been in the development industry for decades. Our company shifted towards residential construction some 12 years ago. In all that time I've never come across a service provider that offers your firm's consistent level of service. Thank you.
- Dr Nicholas Girdis, Girdis Group, Brisbane
I've been in the real estate and project marketing industry for many years and have dealt with many support organisations and nothing gets close to Aussie Bonds. Sure, big words, but you can't hide from the facts. Aussie Bonds has made my task a whole lot simpler. I'm not surprised to hear my clients & their friends keep going back to Aussie Bonds for more bonds.
- Rodney Blackmore, Colliers, Sydney
I'd like to thank you sincerely for the excellent service you provided me with recently in obtaining a Deposit Bond which has secured for me a wonderful, and I'm sure a happy home for my future. As I was very anxious that I didn't miss buying the property I applied 'out of hours' and your quick response (even though you were lunching with friends!) was of invaluable assistance to me. So, to you and your excellent staff who helped me so professionally and efficiently, I'd like to say a BIG thank you!
- Chris Graham
The Aussie Bonds team knows the meaning of a great customer experience. Combined with quick decisions, they really make obtaining a Deposit Bond easy. Aussie Bonds are our only choice for a Deposit Bond.
- Peter Gomer, Mortgage Direct, Sydney