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Common property words – a basic guide
For newcomers to property investing or home buying, the jargon can get a touch confusing. Australian Property Investor magazine has compiled this guide to commonly used words and terms to help you on your property journey.

Appraisals/valuations – a written report of the estimated value of a property, usually prepared by a valuer.

Body corporate – an administrative body made up of all the owners within a group of units or apartments of a strata building. The owners elect a committee which handles administration and upkeep of the site.

Bridging finance – a short-term loan used to bridge the gap between buying a new property and selling an existing one.

Building approvals – the number of dwellings approved to be constructed in a given month, quarter or year…..more

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