Jim, why do you like Government Bonds? Is it because of their perceived security? If so carefully consider the way in which your Bond investment is structured. Typically, Government Bonds have an inverse correlation with interest rates and are an absolute gem of an investment when interest rates are high and falling, but with our cash rate at 1.25% we dont have much more space to fall. A wrong move could see a loss of capital as these securities are traded. And with the possibility of a strenthening economy and higher interest rates, well, you know what happens when there are more sellers than buyers? Just a few thoughts from the top of my head? Do your research mate. 

thanks for the advice, I was looking at different options and seen an ad for government bonds and because I didn’t know much about them I thought I would post here to see if anyone had any experience with them, I have been burnt in the past with bad advice from more than one finantial adviser so my trust with them is zero, often other people’s experience is better than financial advisers, who are often in it for themselves.

Thanks, I think I will stick with term deposits, the returns are not great but I think they are more secure, appreciate the input.

Thanks I will have a look.