Buy Off the Plan With Us — $0 Down

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Secure your new Dhillon home today, and pay nothing until settlement

Buying off the plan is one of the smartest ways to get into a brand-new home. You lock in today's price, watch your home take shape, and move in to something that's never been lived in.

The only catch has always been the deposit — normally you'd need to tie up a large cash sum in a solicitor's trust account for months, sometimes years, while your home is being built. That's money you can't touch and can't put to work.

We've removed that hurdle. At Dhillon Developments, you can secure your off-the-plan home with no cash deposit and nothing to pay until settlement. We do this using a deposit bond — and to make it truly $0 down, we cover the bond fee for you.

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What is a deposit bond?

A deposit bond is simply a guarantee that stands in place of your cash deposit.

Instead of handing over, say, 10% in cash and having it locked away until your home is finished, a bond guarantees that deposit to us on your behalf. Your cash stays exactly where it is — in your account, your offset, or working for you elsewhere.

Then, at settlement, everything happens the normal way: you pay 100% of the purchase price (typically through your mortgage and savings, just as you would with any home), and the bond simply falls away. It's cancelled. You never "lose" the deposit — it was a guarantee, not a payment.

Why buyers love it

Keep your cash working for you. No large sum sitting idle in a trust account for the length of the build. Your money stays available and flexible.

Nothing to pay up front. Because we cover the bond fee, there's genuinely nothing to pay until the day you settle.

A simple, fast approval. Qualifying is based on the equity in a property you already own — not your income — and answers usually come back within about 24 hours. Hours, not weeks.

Backed by strength you can trust. The bond is provided by Deposit Power, Australia's longest-established deposit bond provider with a 35-year track record, and is underwritten by HDI Global Specialty SE — part of the major European insurer Talanx Group, with an "AA-" (very strong) credit rating from Standard & Poor's.

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How it works, step by step

1. Choose your Dhillon home and sign your sale and purchase agreement, just as you normally would.
2. Apply for a deposit bond through our lending partner's broker network. The application is quick and based on the equity in a residential property you (or a related entity) already own.
3. Get approved — usually within about 24 hours. No income assessment, no lengthy paperwork.
4. Move in to the process with nothing paid. We cover the bond fee, so you have nothing to pay while your home is being built.
5. Settle when your home is complete. You pay the full purchase price in the usual way, and the bond is simply cancelled.

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Am I eligible?

To use a deposit bond, you'll need to:

• Own a residential property, and
• Have enough equity in it to support the bond. The amount of equity required depends on how long the bond runs (i.e. how long until your home is built):

• 7–24 months: around 3× the deposit amount in equity

• 25–36 months: around 4× the deposit amount in equity

• 37–48 months: around 5× the deposit amount in equity

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As part of the application, the bond provider confirms that equity and asks you to sign a counter-indemnity. In plain terms, that's your promise to make good the deposit if you were ever unable to settle — and it's secured against your existing property (the provider can register a caveat). It's the same commitment you'd be making with a cash deposit; it simply means you don't have to hand the cash over up front.

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The honest fine print

We believe in being upfront, so here's the detail:

• A deposit bond guarantees your deposit — it isn't a loan and it isn't cash you receive. At settlement you still pay the full purchase price in the normal way.
• The bond runs until the sunset date in your sale and purchase agreement. If your home settles earlier than expected, there may even be a partial refund of the fee.
• Deposit bonds are offered on our developments by prior arrangement and may be subject to our funder's agreement — but that's all handled behind the scenes for you.

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Ready to move in for $0 down?

If you'd like to secure a brand-new Dhillon home with no cash deposit and nothing to pay until settlement, we'd love to talk you through it.

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Get in touch with the Dhillon Developments team today — we'll walk you through the homes available and get your deposit bond application underway.

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Deposit bonds are provided by Deposit Power and underwritten by HDI Global Specialty SE. In New Zealand, DepositSmart Limited acts as processing agent for Deposit Power. Eligibility, approval and terms are determined by the bond provider. This information is general in nature and not financial or legal advice; we recommend you seek independent advice before entering into any agreement.

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