Tooltips

A turn-key property has all of the inclusions to allow it to be inhabited immediately after handover.

stamp duty is a tax that is levied on single property purchases or documents (historically, this included the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions.)

A self-managed super fund (SMSF) is a private super fund that you control yourself and can choose the assets inline with your fund asset allocation. This may include an individual property.

A block that generally has a wide frontage and is not very deep.

A Rooming House is a building where individual rooms can be legally rented to unrelated parties. Rules vary from across different Councils and States.

Mortgage payments are divided into principal and interest. During the earlier part of the mortgage loan, the majority of a property owner’s payment goes toward interest versus the principal balance. As the age of the loan increases, more of the payment is applied to the principal balance until it’s completely paid off.

an investment property where the income (usually derived from rent) is greater than the sum of all of the expenses of the property.

multiple tenancies is where occupants have individual leases within the one dwelling.

Low density housing generally refers to homes on individually titled blocks of land. As opposed to higher density housing such as townhouses and apartments where more dwellings per hectare are allowed.

Lightweight construction uses timber or light gauge steel framing as the structural support system for non-structural cladding and linings (eg. fibre cement, plywood and colourbond steel).