Buyer Glossary — Full Index

Plain-English explanations of the property terms Illawarra buyers encounter — from cooling-off periods and strata reports to negotiations, risk checks, and contract decisions. Full A-Z index below, linking to every term on the site.

66W certificate

A

Asbestos risk | Auction

B

Battleaxe block | Borrowing capacity | Bridging loan | Building and pest inspection | Building certificate | Bushfire prone land | Buying strategy | By-laws

C

Capital Gains Tax (CGT) | Capital growth | Capital works fund | Caveat | Certificate of title | Common property | Community title | Company title | Comparable sales | Comparison rate | Complying development certificate (CDC) | Contract exchange | Contract of Sale | Conveyancer vs solicitor | Cooling-off period | Cosmetic renovation | Covenant

D

DA approved | Days on market | Deceased estate | Deposit | Depreciation schedule | Drainage issues | Dual occupancy | Dummy bidding | Duplex

E

Easement | Encroachment | Encumbrance | Equity | Expressions of interest (EOI)

F

Finance clause | First Home Buyer Assistance Scheme | First Home Owner Grant | Fixed rate vs variable rate | Fixtures and fittings | Flood overlay | Floor Space Ratio (FSR) | Full renovation

G

Gazumping | Gazundering | Granny flat potential | Gross yield vs net yield | Guarantor loan | Guide price

H

Help to Buy scheme | Heritage listing | Holding costs | Holding deposit

I

Interest-only loan

J

Joint tenants vs tenants in common

K

Knockdown rebuild potential

L

Land size vs usable land | Land tax | Lender's valuation | Lenders mortgage insurance (LMI) | LEP (Local Environmental Plan) | Loan-to-value ratio (LVR) | Long settlement | Lot entitlement

M

Mortgage broker | Mortgagee in possession

N

Negative gearing

O

Occupation certificate | Off-market property | Offset account | Overcapitalising | Owner occupier appeal | Owner's corporation

P

Passed in | Pest risk | Pool compliance | Pre-approval | Pre-market property | Pre-settlement inspection | Principal Place of Residence (PPR) | Private treaty

R

Redraw facility | Regional First Home Buyer Guarantee | Rental yield | Reserve price

S

School catchment | Secondary dwelling | Section 10.7 certificate | SEPP (State Environmental Planning Policy) | Serviceability | Settlement period | Short settlement | Special conditions | Special levy | Split loan | Strata committee | Strata levies | Strata report | Strata title | Street appeal vs underlying value | Structural engineer's report | Subdivision potential | Subject to sale | Sunset clause

T

Torrens title | Transfer duty | Transfer duty exemption | Turnkey property

U

Unconditional approval | Under offer | Underquoting

V

Vacant possession | Vendor bid

W

Walkability

Z

Zoning

See the full searchable version on the Buyer Glossary page.