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Owning at Elysian without a cash deposit

We’re excited to share that the Elysian community continues to grow, with two more apartments secured in the past month.

One of the new owners is a couple we first met earlier this year. They had their eye on a beautiful 3-bedroom apartment but thought they’d need to sell their current home to cover the 10% deposit. After considering the market and hearing that interest rates might drop by the end of the year, they decided to hold off on selling.

Feeling disappointed, they reached out to us, worried they’d miss out on their dream apartment while trying to make a smart financial decision.

We suggested a bank bond as a solution.

Several of New Zealand’s leading banks offer bonds that can be used instead of a cash deposit for an apartment, costing as little as 1% p.a. of the bond’s value. These bonds allow buyers to use the equity in their current home or investment property instead of selling assets.

We connected the couple with their bank’s team, and after a brief process, their bond was approved. They were able to secure their dream apartment at Elysian.

Now, they have the flexibility to sell their home in early 2026, when property prices are expected to rise. This way, they can benefit from potential gains on both properties.

If you’re considering a bank bond, get in touch with us. We can guide you through the process and help you achieve a similar outcome.

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