I caught up with Kerry Henry, Director at Aussie Bonds, to explore the world of Deposit Bonds, which is a little known, but useful alternative to passing a 10% cash transfer at exchange of contract to purchase a property.
Kerry takes us through the various flavours of the bonds, how they work, and the application and settlement processes. Depending on your personal circumstances this might be a solution offering some advantages over a cash deposit transfer.
https://www.homedepositbonds.com.au/
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