Infographic: Everything You Need To Know About Deposit Bonds
Our Blog
As a property-related service provider—whether you’re a mortgage broker, conveyancer, real estate agent or solicitor—it’s important to continuously improve the services you provide. Having a toolkit that solves your clients’ major pain points ensures that you’re able to keep offering excellent service, boost customer loyalty, repeat business and referrals. The fierce property market has only… Read more »
Guest Post: by Jared Zak from Dott & Crossitt Deposit bonds are being used increasingly in New South Wales and Queensland conveyancing transactions as an alternative to cash deposits. A deposit bond is essentially a promise given by a highly-rated financial institution to pay a vendor a sum equal to ten percent (or occasionally five percent)… Read more »
As we’ve seen recently, when developers and builders go into liquidation, the danger for your customers is that their cash deposit could potentially be tied up for years as the liquidation plays out. Even worse, their cash deposit could disappear – check out this recent news article here So in the current market when you are acting… Read more »
This infographic is designed to collate and illustrate the key measures the Federal Government has taken in response to The Coronavirus – COVID 19.
Ever wondered where deposit bonds came from? Deposit bonds, also known as deposit guarantees, have been helping Australians buy houses for almost two decades. So how did it all begin?