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