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| A - D | E - I | J - Q | R - Z |
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| APARTMENT - A room or suite of rooms used as a dwelling unit, not necessarily self-contained. Compare to FLAT. |
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| APPRECIATION - An increase in value. |
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| AUCTION - A sale, usually in public, by an auctioneer, in which property is sold to the highest bidder |
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| BASIS POINT - One percent (1%) is the equivalent of 100 basis points for interest rates. |
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| BID - A verbal or written offer to purchase. |
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| BODY CORPORATE - (a) A term used in the Strata Titles Act to describe the body representing the building owners; (b) The control and administration of common property is vested in a statutory Body Corporate which comes into existence automatically on the registration of the plan and to which the provisions of the Companies Act do not apply. The registered proprietors of the units are the only members of the Body Corporate. Associated rights and obligations are fixed by scheduled by-laws. |
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| CAPITAL APPRECIATION - An increase in market price of an asset. |
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| CAPITAL GAIN - The amount by which the net proceeds from resale of a capital item exceed the book value of the asset. (Refer to the Australian Tax Office [ATO]). |
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| CAPITAL GAINS TAX - A Commonwealth tax payable on the Capital Gain made on the sale of an investment property. Refer to current requirements of the Australian Taxation Office (ATO). |
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| CAVEAT EMPTOR - A Latin phrase translated to mean “Let the buyer beware.” I.e. in a property transaction, the purchaser buys at his own risk. |
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| CONTRACT - A legally binding agreement. |
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| COOLING OFF PERIOD - A short statutory period after the contract is made, during which the purchaser may cancel the contract unconditionally, which usually does not apply in the case of auctions. |
| The foreign investment requirements vary according to whether the relevant property is: |
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| COUNCIL RATES - An annual charge in relation to a property by the local council for the area where the property is located. |
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| DEPOSIT - Percentage of total consideration, or an agreed amount, paid on exchange of contract for purchase of an asset. |
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| DEPRECIATION - (a) In accounting terms, the writing down of the original cost of an asset systematically over the life of that asset; (b) A decrease in value of property through wear, physical deterioration, obsolescence, etc.; (c) In valuation terms, the writing down of the current cost of an asset to calculate its current value. |
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