1300 893 199

Early Deposit Release

Same Day Approval for a Early Deposit Release with Funds Paid in 48 Hours* up to the Available Equity in Your Property1

24 Hrs 48 Hrs
  • Advances up to $5,000,000
  • No Application Fee
  • Simple Credit Fee on First 60 Days
4.9
609 Google Reviews
Nicole Rumenos
Made it every easy for me and very reasonable interest if you choose to pay later
March 2023
Aleisha Puca
Completely seamless process! Highly recommend.
March 2023
Raymond John Melton
I found this Business a pleasure to deal with, professional, expedient, & simplistic. highly recommend this Business & its Services to anyone seeking assistance pre, during or post selling a property.
March 2023
Lesley Cooke
The answer to my prayers! Wanting to sell a house but not having the funds to show it off correctly was a worry. This system has allowed me to tidy up the place and market it well. Can I give six stars? Worth it
March 2023
March
A wonderful Company, that you can use when you don’t have any extra money coming in from rent, while in the process of selling your place. It lifts a lot of pressure off us. What a great service. Total recommend to all my friends.
March 2023
Meg G
This is a fantastic service that reduces the financial pressure of selling your home when there’s already so many expenses! Highly recommend!
February 2023
D Scotcher
Definitely helps with the cash flow when selling the house …. Fees come out of settlement funds
February 2023
Kitty Hunter
A big shout out to Mel who is an absolute delight to deal with - she's extremely knowledgeable with any queries that I have, is always prompt to respond with further information if required, and is just lovely to deal with in general.
February 2023
Troy Matheson
Great idea and helpful in tough times when so many expenses come up when selling a property
February 2023
Kristy-Lee Guazzo
Karyn at explore is efficient, responsive and delivers exceptional results. She made the process of selling our properties extremely easy.
January 2023
Casie Black
Mel, from the customer success team was nothing short of efficient. Thank you for making life easy.
January 2023
Donna Hansen Clish
These guys really go the extra mile they know what you want and make it happen. Dreams really do come true.
January 2023
Ritesh Jain
Daniel Waters is amazing. He is very knowledgeable, helpful and always ready to help. I will highly recommend his service.
January 2023
Jason Lamaro
This place has taken the stress out of the process ,i recommend these guys to anyone new to the process of selling a property
January 2023
Laura Twining
Great service, easy to use - takes the financial pressure off at an already stressful time
December 2022
Wendy Young
I’m impressed with the level of professionalism and like that I am constantly informed of what is happening
December 2022
Lilo Stadler
A well thought out service, easy to understand and use. The cost is not prohibitive. So far I cannot see any reason for not using it and I shall report again at the conclusion of the process.
December 2022
Leanne Coleman
Great system, giving option to pay advertising on settlement, smooth very easy to use!!
November 2022
Terry Mezger
Easy to use. Good repayment terms that allow for settlement terms
November 2022
Star Guo
It is a easy and quick process to arrange my marketing fees to be paid after the property is sold. Great service and very handy!
November 2022
Olimpia Chilnicean
Very professional and friendly service, doesn't waste time. Good communication
October 2022
Stephen Choy
Great service and understanding of individual circumstances to accommodate with this service for our property sales journey
October 2022
Leonie Kitchen
We have had many experiences selling property, however this is our first experience having the opportunity to defer Advertising costs. This is a good service to allow extra time and hopefully deduct costs at settlement.
October 2022
Heath Family
Makes managing payments so efficient, takes the worry out of $$ management, giving you the option to defer your payments takes so much stress out of an already hectic time... press and forget
September 2022
Kieron Gubbins
Very prompt professional service and would definitely use them again.
September 2022
Tom Morris
I used this service to pay the marketing costs of listing my property, and it was a very easy and seamless process.
August 2022
Anna Devlin
Very quick and easy to get the application approved, and one less thing to stress about when selling your home.
August 2022
Dani Evans
Such an easy, straight forward process! Super fast, we had our approval overnight, we applied outside of business hours and Sam phoned by 9am the next morning. Very simple to use interface and the links provided were very self explanatory, even gave a breakdown of fees. Sam was an absolute lovely bloke to deal with and so helpful! Cannot fault our experience and would recommend 100%
August 2022
Kim Kelly
Being able to defer payment was fantastic for us. Our campaign was able to commence immediately and our house was on the market straight away. This is certainly a bonus
July 2022
Alex Speirs
To all concerned, it's been really good working with Realty Assist, they understand that the initial outlay of selling your property can be stressful and in this day and age money can be tight for most families. Realty Assist helps reduce the stress by deferring the on costs until the property sells. Thanks for your understanding Realty Assist.
July 2022
Dellas Port
Wow! What a fantastic way to assist seller's by deferring market costs until settlement. And so easy to use. Not only do they take the financial stress out of putting your home on the market, but they will even lend you more money to fix up those little things around the house so that you can present your home in the best possible way. And again, repayment is deferred until settlement. Cannot recommend more highly.
June 2022

* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% equity value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
3 Section 27 (of the Land Sale Act 1962) is only available with property sales in Victoria. Settlement Advances, provides an alternative for early release of equity, Australiawide.

What is Early Deposit Release?

During a property purchase, the buyer generally puts down a deposit to secure the house purchase, of usually 10% the total property sale price. This is generally held in a trust account by the estate agent, lawyer or conveyancer.

If the vendor requires access to the deposit, usually to help facilitate the purchase of their next property, they can request an early release of the deposit.

The process of releasing the deposit requires the vendor to complete a section 273 form or Early Release of Deposit Authority( Section 27 of the Sale of Land Act 1962), requesting the deposit release from the buyer. The buyer gets access to the property accounts and can assess any mortgages or caveats placed on the property, which may be of a concern. If the buyer objects to the release, they have 28 days to state their objection in the section 27 form. If they fail to respond, then the deposit may be released by default.

See How it Works below to learn more about Settlement Advances.

Alternatives to Section 27 Deposit Release

Settlement Advances offer a faster alternative to a Section 27 deposit release3, and can be paid to the vendor in 24 to 48 hours when needed fast!

With a pre-settlement advance, you could get access to more than the 10% deposit put down by the buyer, up to your available equity1 in the sale property.

Advances may be paid fast an have been known to be paid on the same day, when needed in an emergency, such as when needed to bid on a dream property at auction. However it is more common for the whole process to complete smoothly in a few business days.

Settlement Advances may be used for a wide number of purposes to the vendor, however the most common include putting down a deposit on a property, bidding at auction, as well as the outright purchase of another property.

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Do You Qualify for a Early Deposit Release?

In order to qualify with Settlement Advances with your early deposit release enquiry;

You must:

  • Be over 18 years of age
  • Be an Australian resident or citizen
  • Own or have a mortgage on your home or property
  • Be selling( or have recently sold) your home or property
  • Be able to solve your cashflow needs with a early deposit release
  • Be able to repay your advance on settlement( when your property sells)

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What Can Early Deposit Release be Used For?

Early deposit release can be useful in a number of situations, where you are asset rich( in a property) and have a shortfall in cash and need access to your equity fast.

If you are in the process of selling your property, you know that when your property sells, the equity that you have built up in your property will be available to you, however if you need to make use of that locked up equity before the settlement date, a early deposit release may help.

Some common examples include:

  • Getting an advance prior to the property sale for essential repairs
  • Putting down a deposit on your dream property
  • Bidding at auction for your dream property
  • Completing a property purchase to an agreed date - before your sale completes

* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% equity value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
3 Section 27 (of the Land Sale Act 1962) is only available with property sales in Victoria. Settlement Advances, provides an alternative for early release of equity, Australiawide.

Compare Settlement Advances to Section 27 Deposit Release3

Settlemet Advances Logo Section 27
Early Deposit Release
Borrow up to Available Equity1 tick cross
Same Day Approval tick cross
Typical Funding Time 24 - 48 Hours 2 - 4 Weeks
No Buyer Agreement Delays tick cross
Available Australiawide tick cross
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* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% equity value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
3 Section 27 (of the Land Sale Act 1962) is only available with property sales in Victoria. Settlement Advances, provides an alternative for early release of equity, Australiawide.

Early Deposit Release Calculator

60
$5,000
$500,000

Standard Rates

VIP Rates*

Example Advance up to 60 Days1

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Early Deposit Release Costs Chart - Examples up to 60 Days

Example Borrow Repay
Preparing for Sale Costs $10,000 $10,600
Property Advertising Costs $15,000 $15,900
Pre-Sale Property Repairs $25,000 $26,500
Deposit for New Property $80,000 $84,800
Bid at Auction for Property $150,000 $159,000
Purchase Property $500,000+ VIP Rates*

* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% equity value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
3 Section 27 (of the Land Sale Act 1962) is only available with property sales in Victoria. Settlement Advances, provides an alternative for early release of equity, Australiawide.

How it Works - Early Deposit Release

Selling or Sold Property

1
Selling Property
You are selling or have sold your property but you need access to some or all of the settlement funds - fast - before it settles.

Get in Touch

2
Get in Touch
You get in touch and let us know how much and how fast you need access to your settlement funds.

Process Application

3
Process Application
We review your details, process your application ASAP and keep in touch with you at every step.

Pay Settlement Advance

4
Pay Settlement Advance
We quickly pay your settlement advance into your chosen account, as soon as your application has been approved and you have agreed terms.

Use Advance Funds

5
Use Advance Funds
You use your advance to bid at auctions, put down a deposit, buy your new home, make repairs or for any other approved settlement advance purpose.

Need More Time?

6
Extend Advance
Your advance is set up to run for 60 days. However, if you need more time before your property settles, please contact us for assistance.

Property Settlement Completes

7
Settlement Completes
Your property settles and your Settlement Advance is automatically repaid out of the settlement funds.

Ready to Get in Touch?

Get Started
Your Early Deposit Release application will take only a few minutes to complete, so you can get your funds as quickly as possible.

* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% equity value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
3 Section 27 (of the Land Sale Act 1962) is only available with property sales in Victoria. Settlement Advances, provides an alternative for early release of equity, Australiawide.

* Customer stories have been anonymised to protect customer privacy

Frequently Asked Questions

What is a Settlement Advance?

Settlement advances are similar to fast bridging loans; a settlement advance allows a vendor to get fast access their home's available equity value1 from a sale, without having to wait for the funds to be released from the bank (or by a section 27 early deposit release), which may take weeks. A settlement advance can be a faster alternative than traditional bridging loans, when the funds are needed urgently. Settlement advances can be paid quickly in 24 to 48 hours or on the same day on a case by case basis.

See How it Works above to learn more.

Is it safe to sign the Section 27 Statement?

The buyer is encouraged to obtain legal advice when considering releasing the deposit early via a Section 27 Statement3.

The buyer will be given financial details on any mortgages or caveats held on the property as part of the S27 statement for review. The buyer will be given 28 days to formally accept or reject the request. If the buyer does not respond, then the S27 will go forward as accepted by default.

Accepting the early release of deposit request may be seen as an act of goodwill in the smooth transition of property ownership, as it will allow the vendor access to the deposit for the securing of their next property.

If something goes wrong with the sale and the vendor does not have the means to repay the deposit, then the buyer may incur additional costs and stress when pursuing the recovery of the deposit from the vendor.

How can a vendor get access to the deposit early?

The Section 27 Release of Deposit Statement3 allows the vendor to request access to the buyer's deposit early - providing everything goes smoothly. The buyer is obliged to accept the request, unless they have a valid reason to decline the request. The process may take weeks, as the buyer is given 28 days from receipt of the request to review the details.

An alternative option, is a settlement advance, which can be processed, approved and funded1 in 24 to 48 hours. Not only is this option much quicker than an S27 deposit release, but allow allows the vendor access to amounts larger than the deposit and up to the available equity that the vendor has in the property, without delay.

Also see our home equity loans page to learn how to release your property equity via a settlement advance loan.

How can a vendor get access to more than the 10% deposit?

Both bridging loans and settlement advances can provide access to more than the '10% deposit' held to secure the property. Bridging loans typically run for 6 to 12 months and sometimes longer; they take between two and three weeks for the application to be approved by the financial institution. This delay may not be suitable in all situations.

Settlement Advances loan terms run for 60 days (and extensions may be requested1 when needed); they can be approved for larger amounts, up to the available equity the vendor has in the property1 and can often be approved and then funded in as short a time as 24 hours.

What alternatives are there to a Section 27 Statement3?

If the property is under an unconditional offer, then a settlement advance is a good option to consider. Advance amounts may be larger, with advances funded much quicker and often within 48 hours of application. The maximum advance amount is up to the available equity the vendor has in the property1 with the SettlementAdvances.com.au limit set at $5 million AUD and is available across all states in Australia.

* Contact us, complete the short enquiry form to get started, or give us a call to learn more about our VIP Rates for larger loans.
1 Advances are subject to assessment and approval criteria. Advances can range from $5,000 up to $5,000,000 or the available equity in your property(80% equity value) minus fees.
2 Interest on overdue amounts will be charged at a rate of 1.5% of the outstanding amount payable on the 61st day and then every 30 days after the due date.
3 Section 27 (of the Land Sale Act 1962) is only available with property sales in Victoria. Settlement Advances, provides an alternative for early release of equity, Australiawide.

Also See:

Pre-Settlement Advances - Available to a vendor, when a property is under an unconditional offer. Check out how a settlement advance can unlock the value in your settlement funds, before settlement.

Bridging Loan Alternatives - Take a look at our comparisons between bridging loans and other options, such as settlement advances.

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