A deposit bond (or a deposit guarantee) is a simple and cost-effective alternative to a cash deposit when purchasing property.
This is particularly useful if you are buying at auction, as it means that you don’t have to keep a significant sum of cash on hand for what could be a prolonged period of time – and it enables you to move quickly when you have to.
A deposit bond is also an excellent solution for investors who don’t have cash at their disposal and don’t want to cash in investments such as shares.