 - https://sketchapp.com --%3e %3ctitle%3eIcon/search%3c/title%3e %3cdesc%3eCreated with Sketch.%3c/desc%3e %3cg id='Icon/search' stroke='none' stroke-width='1' fill='none' fill-rule='evenodd' stroke-linecap='round' stroke-linejoin='round'%3e %3ccircle id='Oval' stroke='%230FA857' cx='10.5145111' cy='10.5145111' r='6.99455261'%3e%3c/circle%3e %3cpath d='M15.4908752%2c15.4908752 L20.5515137%2c20.5515137' id='Line' stroke='%230FA857'%3e%3c/path%3e %3c/g%3e%3c/svg%3e){kind=small}
'%3e %3cg transform='translate(1016.000000%2c 1154.000000)'%3e %3cpath d='M3%2c8 L3%2c6 L21%2c6 L21%2c8 L3%2c8 Z M3%2c13 L3%2c11 L21%2c11 L21%2c13 L3%2c13 Z M3%2c18 L3%2c16 L21%2c16 L21%2c18 L3%2c18 Z' fill='%2300AB64' /%3e %3crect x='0' y='0' width='24' height='24' /%3e %3c/g%3e %3c/g%3e %3c/g%3e%3c/svg%3e){kind=small}
 - https://sketchapp.com --%3e %3ctitle%3eIcon/search%3c/title%3e %3cdesc%3eCreated with Sketch.%3c/desc%3e %3cg id='Icon/search' stroke='none' stroke-width='1' fill='none' fill-rule='evenodd' stroke-linecap='round' stroke-linejoin='round'%3e %3ccircle id='Oval' stroke='%23252525' cx='10.5145111' cy='10.5145111' r='6.99455261'%3e%3c/circle%3e %3cpath d='M15.4908752%2c15.4908752 L20.5515137%2c20.5515137' id='Line' stroke='%23252525'%3e%3c/path%3e %3c/g%3e%3c/svg%3e)
An acquiring authority refers to an entity or organisation empowered by law or regulation to obtain property or land for specific purposes.
APRA stands for the Australian Prudential Regulation Authority. They are a body that oversees and regulates financial institutions, such as banks and insurance companies.
An abstract of title is a condensed historical summary or a chronological timeline of the ownership and transfers of a particular piece of real estate.
An auctioneer is a licensed professional trained to conduct auctions, which are public sales events where items such as properties are sold to the highest bidder.
An acceleration clause is a term within a loan contract that allows a lender to ask for the entire loan amount to be repaid right away in the case the borrower doesn't meet certain conditions.
An agent is someone licensed to help people buy, sell, or rent properties. They act as a middleman between buyers and sellers, guiding clients through the process.
An assumption of mortgage refers to the process where an existing mortgage is transferred from the current property owner to a new buyer.
An auction agency agreement is a contractual arrangement that creates an exclusive right for a particular agent or agency to sell a property at auction.
Adaptable housing refers to properties designed with flexible features that can be easily adjusted or modified to accommodate the changing needs of occupants.
Access rights refer to permissions granted to individuals or entities regarding the use, entry, or passage through a property that they do not own or possess.
An apartment is a self-contained living unit within a larger building or complex.
ASIC stands for the Australian Securities and Investments Commission.
A-REIT stands for Australian Real Estate Investment Trust. An A-REIT is a type of investment that allows people to invest in a diversified portfolio of real estate assets across various sectors.
Assessed Or Rateable Or Taxable Value
An assessed, rateable, or taxable value refers to the assigned value of an asset determined by your local government.
Appreciation refers to the increase in the value of an asset like a house, apartment or townhouse over time.
An auction is a sale method involving potential buyers bidding on properties in real-time, with the highest bidder winning the sale.
Arbitration refers to a method of resolving disputes between parties without going to court. It's an alternative dispute resolution (ADR) process where the involved parties agree to submit their disagreements to an impartial third party, known as an arbitrator.
Arrears refer to payments that are overdue or unpaid, especially in the context of financial obligations such as bills or loan repayments.
Accessible housing refers to properties designed or modified to accommodate individuals with disabilities or special needs, ensuring ease of access and use.
The term agents in conjunction refers to the practice where real estate agents or agencies collaborate to settle a property transaction.
An absentee landlord refers to a property owner who is not actively involved in the day-to-day management or maintenance of their real estate investment.
A basis point or BP is a unit of measure used to describe the percentage change in financial instruments such as interest rates.
A bid is an offer or proposal made by a buyer to purchase an item like a property at a specified price.
Bridging Finance Or Bridging Loan
Bridging finance, also known as a bridging loan, is a short-term financial solution designed to bridge a gap between the purchase of a new property and the sale of an existing one.
A rental bond is a deposit paid by a tenant to the landlord or property manager before moving into a rental property.
A body corporate is an organised group of individuals entrusted with the responsibility of overseeing and managing the affairs of a strata property like an apartment.
The Building Code of Australia (BCA) is a set of technical provisions and mandatories that ensure safety and sustainability in both new and existing building designs and constructions across Australia
A building inspector is a professional who examines and assesses buildings to ensure they meet safety, structural, and regulatory standards.
A building line refers to an imaginary line that marks the outer edge of a building. It marks the limits of a new construction and is determined based on the proximity of the building to the property boundaries.
Building regulations outline specific criteria for carrying out construction activities for a piece of real estate.
A business broker is a professional who helps facilitate the purchase and sale of a business.
In the context of real estate, ‘buyer demand’ refers to the level of interest and desire among potential buyers for a property.
Brick veneer refers to a construction technique involving the covering of a wooden or steel frame with a layer of bricks on the outside of the property.
A buyer's agent is a real estate professional who helps individuals looking to buy a home.
Crown land refers to land owned and managed by the government or the monarch.
Ceteris paribus is a Latin phrase that translates to "all other things being equal" in English. In simple terms, it's used in various fields, such as economics, to indicate a situation where everything else remains unchanged except for the specific factors being considered.
A certificate of occupancy or occupation is an official document providing evidence that a building meets safety standards and is suitable for habitation.
Capital gains tax refers to the tax you pay on the profit you earn from selling certain valuable assets such as stocks or property.
The capital gains tax discount is a benefit provided to individuals who have held a capital asset for a minimum period before selling it.
Commercial property refers to buildings and land that are used for business and profit-making purposes rather than for residential living.
A certificate of title serves as evidence of ownership and contains a record of all registered interests affecting the land.
Capital growth refers to the increase in the value of an asset over time.
A capital return refers to the amount of money an investment generates over time, usually expressed as a percentage of the initial investment.
Chattels refer to personal property or movable assets that do not fall under the category of ‘real property.’
A capital gain refers to the profit made from the sale of an asset, such as stocks, real estate, or other investments.
A certified practising valuer (CPV) is an individual who possesses the qualifications and certifications to conduct a valuation of properties.
In the context of real estate, a caveat acts as a legal warning sign for a piece of land or property. It's a formal notice telling everyone that a person or organisation has a special interest in that property.
A commission refers to the fee paid to real estate agents or brokers for their services in facilitating the sale, purchase, or lease of a property.
Company title is a form of land ownership (typically for apartments) where a company holds the title to the land and owns the units on the property.
Common law title refers to proving ownership of a property by tracing a series of transactions from the original owner to the current on
A client is a person or organisation that seeks the services or advice of a professional or business.
Common property refers to areas or elements within a property or real estate development that are shared and used collectively by multiple owners or residents.
Compulsory acquisition refers to a situation where the government or relevant authorities require private property to be sold to them, usually for public purposes such as infrastructure projects.
Compound interest refers to a method of calculating the cost of borrowing or the earnings on an investment where the amount grows based on both the initial principal and the accumulated amount over time.
Conditions of sale, refer to the terms and requirements outlined in a contract between a buyer and a seller of a property.
A contract of sale is a legally binding agreement between a property seller (vendor) and a buyer (purchaser).
A consideration is essentially the price or payment that one party offers in exchange for an item from another party.
In real estate, a conveyancer is a professional who helps with the legal aspects of transferring property ownership from the seller to the buyer.
A cooling-off period is a specified timeframe during which a buyer of a property can change their mind and withdraw from the purchase without facing significant penalties.
A counteroffer is a response to an initial offer made during negotiations.
A display home is a fully furnished and decorated house to showcase its design, construction quality, and available features.
Date of settlement refers to the specific day when the property's ownership officially transfers from the seller to the buyer.
A property deed is a written and signed binding document that legally transfers ownership of real estate from one person (the old owner) to another person (the new owner).
A dominant demographic refers to the group of people who make up the largest or most influential portion of a population in a specific area.
A deposit is a portion of the full purchase price that a buyer pays upfront to secure a property.
Depreciation refers to the decrease in the value of an asset over time.
Dry rot refers to a type of fungal decay that can affect certain structures of a building.
A depreciation schedule is a document that outlines the expected decrease in the value of assets, such as property or equipment, over a specific period.
Development approval refers to the official permission for a proposed construction or land development project.
Disbursements refer to the act of paying out money to cover specific costs related to a particular service, transaction, or activity.
A dwelling simply refers to a place designed for people to live in.
Demographics refers to information about groups of people, such as their age, gender, where they live, or their income.
The effective cause of sale refers to the main reason or factor that directly leads to the successful sale of a property.
In the context of real estate, EPR stands for ‘estimated price range’, a rough guide of what you might pay for something.
The effective date refers to the day when something officially begins or becomes valid.
Egress originates from the Latin word meaning ‘going out’.
Equity refers to the to the value of ownership in an asset by calculating the difference between the market value of the asset and the amount still owed on it.
An encumbrance refers to any sort of limitations or restrictions on a property (such as mortgages or zoning restrictions) that affect what can be done with it.
An easement involves giving someone the right to use or go through a part of your property, even though they don't own it.
The effective age of a property refers to how old a property or structure appears based on its condition and maintenance, rather than its actual chronological age.
Eviction refers to the legal process of removing a tenant from a property.
An environmental impact study is an approach used to assess the effects of a development proposal on the environment.
Exclusive agency or exclusive listing refers to granting a single agency or agent the right to sell your property.
The exchange of contracts refers to the moment when both the buyer and the seller swap and sign their respective contracts.
An estate agent is someone trained to help people buy, sell, or rent properties.
An extension of lease refers to the process of prolonging the duration of a lease agreement between a tenant and a landlord.
A fixed interest rate means that the percentage charged on borrowed money stays the same for a set term.
A flood zone is an area of land that is prone to high water levels.
Fully furnished means that a property comes with all the furniture and appliances needed for living.
Fireproofing refers to the process of making something resistant to catching fire or being damaged by fire.
Fixtures are permanent items or features that are attached to a property and are considered part of the property.
Fittings specifically refer to movable items or accessories that are not permanently attached to the building.
In real estate, a ‘flat’ refers to a residential unit that occupies part of a larger building.
Foreclosure occurs when a borrower fails to make their mortgage payments, leading the lender to take possession of the property to recover the money owed.
Foreign Investment Review Board
The Foreign Investment Review Board (FIRB) is a group that looks at requests from foreign individuals or companies who want to invest money in Australia.
Freehold is the most absolute form of property ownership compared to other titles.
Gazumping refers to when a seller verbally agrees to sell their property to one buyer but later accepts a higher offer from another buyer.
A guarantor is someone who promises to take responsibility for a loan or financial obligation if the borrower fails to repay it.
A general law title is a paper trail that shows how ownership of the land has passed from one person to another over the years.
A going concern refers to a business that is sold with everything in place for the buyer to continue operating it without interruption.
Goods and services tax (GST) is a 10% tax added to the price of most goods and services sold in Australia.
A grace period refers to a period of time after a payment deadline where a penalty or additional amount is not imposed.
A graduated lease is a rental agreement where the tenant and landlord agree that the monthly rent payments will increase over time.
A holding deposit is an amount of money paid by a potential tenant to reserve a rental property before officially signing the lease agreement.
A head lease refers to where a rental property is rented from a landlord by a legal entity such as a government agency or housing provider.
Ingress refers to the right to enter a property.
An implied covenant in a contract is an unspoken agreement that both parties will act fairly and honestly, even if it's not explicitly written down.
An implied easement is an unspoken agreement about how you can use/access someone else's property for a specific purpose, even though it's not written down.
An investment property is a real estate asset purchased with the intention of generating income or appreciation over time, rather than for personal use.
An interest-only loan is a type of loan where you only pay the interest amount for a specific period.
An interest rate refers to the cost of borrowing money expressed as a percentage.
Joint tenancy refers to a legal arrangement involving two or more people who own a property together.
A lock-up (LUG) garage is a secure and enclosed space typically attached to a residential property where vehicles can be parked and stored.
A landlord is someone who owns a property and rents it out to other people, called tenants, in exchange for money, known as rent.
A land agent is someone licensed to help people buy, sell, or rent properties.
Land tax is a tax levied by state governments on the ownership of land and properties.
A leasehold refers to the right to use a land or building for a long-term period without owning it outright.
The lease term refers to the duration or length of time for which a lease agreement is valid.
A lease is a legal agreement that allows a tenant to use the landlord's property for a specified period in exchange for rental payment.
A lease abstract is a summary of important details in a lease agreement.
Lenders Mortgage Insurance or LMI, is a type of insurance that protects lenders (such as banks) in the case a borrower defaults on their loan.
A lessee is someone who pays rent to a property owner in exchange for the right to use the property for a specified period of time.
A lessor is someone who owns a property and rents it out to other people, called lessees or tenants, in exchange for rental payments.
A licensed real estate agent is someone professionally certified to help people buy, sell, or rent properties.
A lien is a legal right someone has over another person's property until a debt is repaid.
A line of credit loan is a defined amount of money you can access whenever you need.
In the context of real estate, a listing simply refers to a property that is put up for sale or rent.
A loan-to-value ratio (LVR) is a financial ratio of a loan amount to the value of the property being purchased.
A long-term lease refers to a rental agreement for a property that extends over an extended period, usually several years.
A low doc loan is a type of loan that requires less documentation than your typical application.
A margin scheme is a method used for calculating goods and services tax (GST) on the sale of certain types of business-related properties.
The market value represents the estimated price that a property or asset would sell for in a competitive and open market.
A management fee is a charge paid to a property management company or individual agent for overseeing and handling various tasks related to a property.
A master lease is a rental agreement where a property owner grants the lessee (renter) the right to re-lease and manage the property.
A management agreement refers to a commitment between a property owner and a property management company or individual agent.
A managing agent is an agent hired to oversee and handle the day-to-day operations of a property on behalf of the owner.
The market price refers to the listed price set by a seller.
The median house price represents the midpoint value of all houses or units sold within a specific timeframe.
Mediation refers to a process of resolving disputes or conflicts between parties through the assistance of a neutral third party, known as a mediator.
A mortgage is a loan you take out from a bank or lender to buy real estate.
Mortgage guarantee insurance, often referred to as lenders mortgage insurance (LMI), is a type of insurance that protects the lender if the borrower defaults on their mortgage.
A mortgagee is the lender who provides a loan to someone to purchase a property.
A Mortgagee sale happens when a lender, known as the mortgagee, sells a property that was used as collateral for a loan.
A multiple listing is when a homeowner deals with a real estate agent that’s part of a network of other agents working together to sell the property.
A negatively geared property refers to when the costs of owning a property, like mortgage payments and maintenance, are higher than the rental income it generates.
Neutral gearing occurs when the income generated from an investment property matches the expenses associated with owning and maintaining that property.
A notice of termination is a formal document used to end a contract or agreement between two parties.
Or nearest offer (ONO) is a term used in real estate to indicate that the seller is open to considering offers close to the listed price.
Off-street parking simply refers to designated parking spaces that are not located directly on a street.
An open agency agreement refers to when a seller works with multiple real estate agents to sell their property.
Buying ‘off the plan’ refers to purchasing a property before it's built or completed.
An owners corporation, also known as a body corporate, is a group of individuals tasked with the management and governance of a strata property.
An open listing refers to when a seller collaborates with several real estate agents to market and sell their property.
Outgoings refer to the expenses incurred in order to maintain and manage a property.
An outbuilding is a separate structure located on the land as a main building, such as a house.
In the context of real estate, an owner is someone who legally possesses a property under their name.
Off-market property refers to real estate that is available for sale but not publicly advertised or listed on the open market.
A positively geared property is an investment that brings in more income than the expenses associated with owning it.
When a property is ‘passed in’, it means that the bidding did not reach a reserve price.
"Putting in an offer" simply refers to making a formal proposal to buy a property at a specified price.
Planning approval is the official consent granted by a local council or planning authority for a proposed development or construction project.
A periodic lease is an agreement between a landlord and a tenant that continues indefinitely until either party decides to end it.
Preferred listings refer to properties that have been entrusted to a predetermined preferred agent for sale or lease.
Price growth refers to the increase in the cost of goods or assets over time.
Pre-market properties are those that are not yet officially listed on public platforms.
A principal and interest loan is a type of loan where you repay both the amount you borrowed (the principal) and the interest charged by the lender.
A private sale in real estate refers to the process of selling a property directly between the seller and the buyer, without involving an auctioneer.
A private treaty sale is when a property is sold directly between the seller and the buyer, without going through an auction.
Property management refers to the oversight and maintenance of a piece of real estate.
A property manager is someone who takes care of a rental property on behalf of the owner.
A property valuer is someone who assesses how much a property like a house or apartment is worth.
A real estate contract is a legal agreement between a buyer and a seller outlining the terms and conditions of a property transaction.
Rising damp is a type of moisture problem that happens in buildings when water from the ground moves upward through the walls.
A rent roll is a detailed list of rental properties typically used by property managers, landlords and investors.
The reserve price refers to the minimum amount that someone is willing to accept for an item or property they're selling at an auction.
The Reserve Bank of Australia (RBA) is the central bank of the nation, tasked with managing the stability of the currency, employment, and economic prosperity.
A real estate agent is a professional who helps people buy and sell properties.
Residential Tenancies Tribunal
A residential tenancies tribunal is an independent body that helps resolve disputes concerning landlords and tenants.
Realty simply refers to real estate or property, including land and buildings.
A realtor is someone who serves as a representative for the buying and selling of properties, including buildings and land.
Renting refers to the temporary use or occupation of someone else's property in exchange for payment (rent money).
Rent growth refers to the increase in the amount tenants pay for renting a property over time.
A residential tenancy database is a system that stores details of issues that landlords or agents have encountered with their tenants.
A rent review is a process where the current property market is examined to see if the rent amount is fair and reflects current conditions.
A reverse mortgage is a type of loan that allows older homeowners to borrow money using the equity in their homes as security.
Rental determinations arise when a tenant and landlord fail to reach a consensus on the lease's market rental value during a rent review period.
A rental yield is a way to measure the income generated from renting out a property.
A seller's market refers to a situation where the demand for properties exceeds supply, creating a favourable environment for vendors.
A strata plan is a legal document that outlines the division of ownership in a strata scheme property.
Settlement refers to the final stage of a property transaction where ownership of the property is transferred from the seller to the buyer.
Interest is the fee you pay for borrowing money, usually expressed as a percentage of the total loan amount.
A self-managed super fund (SMSF) is a retirement savings account that you run yourself.
A sublease or sublet refers to an arrangement where a tenant rents out all or part of a property they are renting from a landlord.
A strata title refers to a type of property ownership commonly used for buildings with multiple units or apartments.
A sub-agent is someone authorised by an agent to act on their behalf.
A simple listing is an agreement between a property owner and an agent.
Stamp duty is a tax imposed by state or territory governments when you buy certain items, such as a property.
Subdivision refers to dividing one piece of land into smaller parts.
A terrace is a an outdoor area attached to a building, usually elevated above ground level. It can also refer to a row of houses that are attached to each other, usually with shared walls on either side.
A tenant is someone who pays rent to a property owner in exchange for the right to use the property for a specified period of time.
A tender sale is a method of selling a property which involves potential buyers submitting private bids for a property.
A tenancy agreement is a written contract between a tenant and a landlord or property manager.
Tenancy in common is an arrangement where two or more people jointly own a piece of real estate.
A Torrens Title is a type of property ownership document that confirms you as the rightful owner of the property.
A title deed is a legal document that proves ownership of a piece of real estate.
An unencumbered property is one that is free from any legal or financial obligations or restrictions.
Unimproved value, also known as land value, is the assessed worth of a piece of land without considering any structures or improvements on it, like buildings or landscaping.
In the context of real estate, a vacancy refers to an unoccupied space that is ready to be rented to tenants.
In real estate, a valuation refers to the process of determining the monetary worth of a property.
A variable rate home loan is a type of mortgage where the interest rate can change over time.
In the context of real estate, a vendor simply refers to a person selling a property.
Zoning in real estate refers to regulations that dictate how land can be used within a specific area.