The Ultimate Guide to Rental Bonds in Australia
Learn everything about rental bonds in Australia — from how to pay, average costs, refunds, and flexible bond payment options like BondPay. Perfect for renters, first-time tenants, and anyone moving house.
What is a Rental Bond in Australia?
A rental bond is a security deposit paid by tenants to their landlord or property manager at the start of a tenancy. It’s held by your state’s bond authority (such as NSW Fair Trading or the Victorian Residential Tenancies Bond Authority) and is used to cover unpaid rent, property damage, or cleaning costs when you move out.
In most states and territories, the rental bond is capped at four weeks’ rent for properties under a certain price threshold.
How to Pay a Rental Bond
Traditionally, tenants pay their rental bond in one lump sum before moving in. Payment methods may include:
- Bank transfer
- Credit or debit card (fees may apply)
- Cheque or money order (less common now)
Flexible Bond Payment Options
If paying a large upfront amount is difficult, services like BondPay allow you to spread your rental bond into smaller, more manageable payments. This can make moving into a new home less stressful financially.
How to Get Your Rental Bond Back
To have your bond refunded in full:
- Leave the property in the same condition it was at the start of the tenancy.
- Pay all outstanding rent or bills.
- Provide your forwarding address for communication.
Tip: Take photos at the start and end of your tenancy to avoid disputes.
Common Reasons for Bond Deductions
Landlords can legally deduct from your bond for:
- Unpaid rent
- Excessive cleaning required
- Damage beyond normal wear and tear
- Replacing missing items
State-by-State Rental Bond Authorities
Each state has its own authority that holds and refunds your bond:
- NSW: NSW Fair Trading
- VIC: Residential Tenancies Bond Authority (RTBA)
- QLD: Residential Tenancies Authority (RTA)
- WA: Bonds Administration
FAQs About Rental Bonds
How long does it take to get my bond back?
Usually 2–10 business days after the landlord agrees to the refund.
Can I pay my rental bond in instalments?
Yes — with services like BondPay, you can pay your bond in smaller amounts over time.
Do I get interest on my rental bond?
In some states, interest is paid on rental bonds, but it’s often minimal.
Why BondPay is the Smarter Way to Handle Your Bond
Moving is already expensive. Between rent in advance, removalists, and utility connections, the upfront costs can be overwhelming. BondPay removes the pressure by letting you pay your rental bond over time — helping you secure your dream home without the financial strain.