Deposit Bonds

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I’m thinking of puchasing my first investment property by purchasing a Deposit Bond??????
Having the deposit on a new home with a long settlement, allowing me to sell the property just before settlement and hopefully earning me a profit. The property is under construction.
Where could i get more info on Deposit Bonds???
Is this a good way to make money in property Investing

Edited by – [email protected] on 03/01/2003 3:05:58 PM

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Hi charalambous

You can find some information about deposit bonds at http://www.mrmortgage.com.au/depbond.htm.

As for whether this is a good way to make money in property investing – you use the words “hopefully earning me a profit”. In my mind, the best investments are the ones which;

• 1. Are least likely to lose the money you invest
• 2. Are most likely to return a profit
• 3. Give you the highest return on investment.

But in the end, you need to make up your mind on what a good investment is for you. Perhaps a good investment for you is one which saves you the most tax.

Brent