Want to get out of renting for good? You’re not alone. Buying a home is now on the list of top New Year resolutions for Australians.

The good news is that, while that fitness goal might be a distant dream, buying your first home is a resolution you can stick to. With a little bit of planning and saving, you could be hanging tinsel in your own home next Christmas.

Here’s what you need to do to make it happen:


Now is the time to get your savings goal on track. Start by setting up an online savings account with a regular transfer from your everyday account. Make a list of your outgoings and cut back any unnecessary expenses.

If your loved ones look frazzled running around at the last minute working out what to get you, why not suggest they put some cash in your stocking? And if you’re amongst the 71% of Australians who received unwanted Christmas gifts, don’t pile them in the cupboard – jump onto Gumtree or eBay to make some quick cash.


 The property market might slow down over Christmas and New Year, but that doesn’t mean you should. Take the opportunity to get things organised for when it picks up again mid-January.

It’s never too early to talk to your broker or lender about your options:

#1. How much can you afford to borrow? The answer will determine your property search.

#2. Do you have enough cash for a deposit? What will you need to save?

#3. What about a family guarantee? Do your parents have equity in their own home?

#4. Would you consider borrowing the full amount to avoid saving a big deposit?

Whichever path you choose, now is the time to take your next step: get preapproval on your home loan and start looking.


Found a property you love? Get everything in place so you are ready to act. There are two options:

#1. Private sale: If you’re buying privately, make an offer subject to finance. Once you have formal approval, you can pay your deposit using a deposit bond (more on this below).

#2. Auction: If buying at auction, make sure you’re ready in advance with an auction deposit bond. That way you can bid with confidence.

Getting a deposit bond

Whether you have saved some cash or use a family guarantee, a deposit bond can help you secure your home. A deposit bond is a substitute for the cash deposit required to secure your property.

Generally, a 10% cash deposit is required between signing the contract of sale and settlement of the property. But if you don’t have access to the cash deposit, it’s not game over. You can use a deposit bond as an IOU. This guarantees your commitment to the contact of sale. Then, at settlement, you simply pay the full purchase price including the deposit bond amount.

There are different types of deposit bonds depending on how you are buying your property. For example, if you’re buying at auction, an auction deposit bond can be re-used for multiple auctions until you’re successful.

What Is A Deposit Bond? Everything You Need To Know [Infographic]

Click here for to view your guide to deposit bonds (PDF Format)

You’re almost there!

Once you’ve secured the property, all you need to do is pack and prepare for the move. Oh, and don’t forget to notify Santa of your change of address.

If all you want for Christmas is a new home, Deposit Assure can help. And, just like Santa’s elves, we’ll be working right through the holidays!

Want to know more or apply?

Get in touch with our deposit bond concierge team. We 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. Our concierge officers, will guide you through the entire process, from start to finish.


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 »

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 »

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 »

Read More

Infographic: The Coronavirus – Covid 19 Economic Response

This infographic is designed to collate and illustrate the key measures the Federal Government has taken in response to The Coronavirus – COVID 19.

Read More

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?

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?

Read More

Deposit Bonds 101: Everything You Need To Know About Supporting Documents

What supporting documents do you need to get a deposit bond? Why do you need them? And how do you supply them? Find out everything you need to know about supporting documents in this guide.

Read More



Lets work together

Get access and the ability to


  • Lodge & Manage Deposit Bonds for your clients
  • Access to your own personalised portal
  • Generate commissions for every Deposit Bond lodged

Got Questions? - Get in touch with us

4,000 Registered
6,500 Deposit AssureBonds Issued