PaulDobson wrote:
Hi Scottie GirlOne way to secure a property without the need to get "traditional loan financing" is via Seller (Vendor) Financing.  You usually do pay a bit of a premium to buy your property this way but you can often secure the property for as little as AUD$10,000 deposit.  The vendor finance loans we supply to our clients nor…[Read more]

Jim Hartley wrote:
Hi Scottie GirlWhats a deposit bond?Jim

Hi Jim,Deposit bonds are similar to bank guarantees, for a fee a lendor will provide a guarantee over your deposit.  these are typically secured on equity in an Australian property.ScottieGirl

Hi,I am also a new perm resident to Australia and am finding it difficult to obtain the relevant funding.  I wish to secure a property with a completion date 3 years away.  I do not want to tie up large amounts of capital for 3 years and therefore applied for a Deposit Bond. I was refused as I do not have equity here and they do not take my o…[Read more]