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Reply: 1.1.2.1.1.1.1.1 From: Owen . They used to have an account for years but closed it down as there was no need for it and the costs were outweighing the benefits or use. The real estate agents were taking on this role instead. They currently have an account for a specific client who is...

Reply: 2.1.1.1.1.1 From: Owen . Thanks for all your info people. I have a few agent friends and in future I will see if I can park the deposit in their trust accounts if necessary. I agree with you Dale, when I am buying my deposits are always low so I keep control of my money and if it get...

Reply: 1.1.2.1.1.1 From: Owen . When I asked my conveyancers about this they said that usually when you are buying your deposit goes into the sellers conveyancer/solicitors trust account if they have one or the real estate agent trust account. When you are selling because my conveyancer...

Reply: 1.1.2.1 From: Owen . Sim', You are looking at it the wrong way for my example. I'm selling, not buying so I am receiving the deposit. Joanna's advice seems the best. A simple ING account or something like it that won't be touched by either buyer or seller until settlement. Easy. Owen...

Reply: 1.1 From: Owen . Here's another related question I've been wondering about for a while. If I sell a property privately, what do I do with the deposit? If I'm just using a conveyancer then they don't necessarily have a trust account and I don't have a trust account specifically to hold...