ASIC: Australian Securities and Investment CommissionATO: Australian Tax Office
B&H – Buy & Hold
BA – Building Approval
BA – Buyers Agent
CF – Cashflow
CG – Capital Gains / Capital Growth
CGT – Capital Gains Tax
Cross-Collateralise / Cross-Securitise
DA – Development Approval
DFT – Department of Fair Trading
DHA – Defence Housing Authority
DSR – Debt to Service Ratio
Due Dilligence – Researching a deal
Equity – the sum of the amount of money the property is worth less any outstanding loans
FHOG – First Home Owner’s Grant
FIRB – Federal Investment Review Board
Flip / Flipper – Buy, Renovate & Sell or Buying a property with the intent to onsell immediately
FMV – Fair Market Value
GST – Goods and Services Tax
IO – Interest Only
IP – Investment Property
IRR – Internal Rate of Return
JV – Joint Venture
LMI – Lenders Mortgage Insurance
LOC – Line Of Credit
LVR – Loan To Value Ratio
NPV – Net Present Value
NRAS – National Rental Affordability Scheme
OSR – Office of State Revenue
OTP – Off The Plan
P&I – Princple & Interest
PA – Per Annum (Per Year)
PM – Property Manager
PPOR (or PPR) – Principle Place of Residence
QS – Quantity Surveyor
REA – Real Estate Agent
Reno – Renovation
ROI – Return On Investment
Serviceability – Your ability to service a loan
SMSF – Self Managed Super Fund
UCV – Unimproved Capital Value