Australia’s rental industry is undergoing a groundbreaking transformation with the advent of Bondable, the nation’s premier technology-driven subscription rental bond service. Developed by Hutly, a leading Australian fintech company, Bondable promises to revolutionize property management by introducing an affordable, transparent, and efficient alternative for tenants, agents, and landlords alike.
Gone are the days of hefty cash bonds. For just $19.99 per month, Bondable offers tenants a seamless, digitally enabled dispute mediation service coupled with a complimentary bond guarantee. Jeremy Hastings, the visionary behind Bondable, emphasizes its role in rewarding tenants with commendable credit and rental histories while streamlining offboarding processes for landlords and property managers.
“Bondable caters to everyday Australians striving to be responsible tenants. With the escalating cost of living and soaring rental prices, traditional cash bonds can impose significant financial strain or hinder individuals from enjoying life’s simple pleasures. Bondable, at the cost of a basic phone plan, restores trust in tenants while safeguarding the interests of agents and landlords.”
Jeremy Hastings,Founder of Hutly
Recognizing the inadequacies of conventional bond systems, Bondable emerges as a beacon of innovation. Backed by an 18-month Beta testing period conducted in collaboration with the Real Estate Institute of Victoria (REIV), the service has garnered widespread acclaim for fostering transparent rental experiences and enhancing cash flow flexibility. The REIV, represented by President Jacob Caine, enthusiastically endorses Bondable’s potential to address affordability challenges and introduce bond portability in Victoria.
Bondable’s integration with Hutly’s cutting-edge technology ensures rigorous tenant vetting processes, prompt claims settlements, and comprehensive financial protection against disputes. Hastings underscores the reassurance Bondable provides to landlords and agents, emphasizing its role in expediting tenant offboarding while guaranteeing swift claims processing and financial indemnity.
Furthermore, Bondable’s insurance coverage adds an extra layer of security, assuring stakeholders of continued bond guarantees even in the unlikely event of operational cessation. Leveraging Hutly’s extensive industry expertise and network, Bondable stands as a testament to the company’s commitment to revolutionizing property contracts and fostering proactive, productive relationships between stakeholders.
Hastings’ personal journey underscores the profound impact of stable housing on individuals and communities. Drawing from his childhood experiences, marked by housing instability and financial strain, Hastings underscores Bondable’s mission to alleviate the stress and uncertainty associated with rental agreements. By offering a complimentary bond guarantee and simplifying the offboarding process, Bondable aims to empower tenants and redefine industry standards.
With an impressive participation rate in Beta testing and overwhelming positive feedback, Bondable is set to launch initially in Victoria, with plans for a nationwide rollout. As Australia’s rental landscape undergoes a paradigm shift, Bondable emerges as a beacon of hope, offering a transformative solution that prioritizes affordability, transparency, and peace of mind for all stakeholders involved.
