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Buyer Glossary — Full Index

Jul 4
2 min read

Updated: 2 hours ago

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

C

Capital growth | Capital works fund | Caveat | Certificate of title | Common property | Company title | Comparable sales | Comparison rate | Complying development certificate (CDC) | Contract exchange | 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 | Encumbrance | Expressions of interest (EOI)

F

Finance clause | First Home Buyer Assistance Scheme | First Home Owner Grant | Fixed rate vs variable rate | Flood overlay | 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

I

Interest-only loan

K

Knockdown rebuild potential

L

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

M

Mortgage broker

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 | Private treaty

R

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

S

SEPP (State Environmental Planning Policy) | School catchment | Secondary dwelling | Section 10.7 certificate | Serviceability | Settlement period | Short settlement | Special conditions | Special levy | 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

U

Unconditional approval | Under offer

V

Vacant possession | Vendor bid

W

Z

See the full searchable version on the Buyer Glossary page.

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About The Author

My name is Joel Hynes

I'm Joel Hynes, the founder of The Shoreline Agency, a trusted local buyer's agent dedicated to helping first home buyers, families, and investors make informed decisions in the Illawarra region. With years of experience, personal insights into relocation, and strong local connections, I guide my clients through every step of the buying process.

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