Auction Deposit Bond

Buying at auction? At an auction, the winning bidder is typically required to pay 10% cash deposit to secure the property.  If you do not have ready access to a cash deposit you can use an auction deposit bond to secure the property.

So we get it, you may be unsuccessful in your attempts to secure the property you want at auction.  Therefore, we make it super easy for you and issue you with an auction deposit bond that can be re-used for multiple auctions and properties within the purchased timeframe until you are finally successful!

The auction bond is issued without the vendor’s names, the conveyancers details and the property address.

Once successful at auction, you just need to complete the basic information that you know, like:

✓ The final purchase price
✓ The property address
✓ The vendors full name

We strongly recommend you speak to the auctioneer, real estate agent or vendor’s legal representative before the auction to confirm they will accept a deposit bond in lieu of cash.

Below is an illustrative example how an auction bond works:
Auction Deposit Bond: Everything You Need To Know
How long should I get the deposit bond for?

An auction deposit bond can be purchased for a 3 or 6 month term only. Unless you are super confident you are going to be successful on your first attempt at auction, our recommendation is that you acquire the auction bond for the 6 month terms.

Refund Policy

Have no fear, because if you are unsuccessful at the auction during the term period, so long as the original deposit bond is returned to us within 30 days of issue, we’ll refund the cost of the deposit bond minus our administration issue fee of $200.

Ready to apply for an auction deposit bond?

Our deposit bond concierge team, will assess your situation and if a deposit bond is what you need, we will go ahead and take care of your application for you so you can focus on what you do best!

Our concierge officers, will guide you through the entire process, from start to finish.

Here’s how it works:
Deposit-Bond-Concierge-Pathway

Yes, I would like you to apply for a deposit bond for me.

LET’S GET STARTED!

 

Other relevant links you may be interested in:

Want to work out the costs for an auction bond? Get an instant quote using our Fee Calculator.

Want to learn more about deposit bonds and how they work? Click here.

Learn more about our deposit bond concierge service.

5 simple reasons why you should choose a Deposit Assure bond?- Learn more

Check out our infographic that has everything you need to know about deposit bonds and will answer all your questions. Click here. To download a PDF copy of our infographic please click here.

Deposit Assure are an Agent of QBE Insurance (Australia) Limited ABN 003 191 035

Apply for a deposit bond

 

circle-express-bond

  • Purchasing as an individual.
  • Settling within 6 months.
  • Unconditional finance approval or
    Will not need finance to complete purchase

circle-or
circle-standard-bond

  • Settling over 6 months.
  • Purchasing off the Plan.
  • Purchasing at Auction.
  • Purchasing in a Super Fund, Company or Trust.

Got Questions? - Get in touch with us

What our customers are saying about us

4,000 Registered
Agents
6,500 Deposit AssureBonds Issued