Property & Finance Glossary

A legal notice lodged on property titles to protect your interest or claim on the property.

When two or more people own a property together, each with a defined legal interest.

A legal professional who handles the paperwork and legal processes of buying or selling property.

Money paid upfront when buying property, typically 5-20% of the purchase price.

The difference between your property's value and what you still owe on your mortgage.

Someone purchasing a property for the first time, eligible for government schemes and concessions.

Queensland government grant up to $30,000 for eligible first-home buyers of new homes.

First Home Super Saver Scheme - allows first-home buyers to withdraw up to $50,000 from super.

An item attached to the property that transfers to the new owner (e.g., built-in wardrobes).

A form of ownership where all owners have equal rights and survivorship applies.

Loan-to-Value Ratio - the mortgage amount as a percentage of the property value.

A loan from a bank or lender to finance your property purchase, secured by the property itself.

A savings account linked to your mortgage where interest is calculated on net balance.

Ability to withdraw extra money you've paid into your mortgage.

The final step of buying property where funds are transferred and you receive the keys.

State government tax on property purchases, varies by state and property value.

A form of ownership where each owner has a distinct share that can be unequal.

The legal document proving ownership of a property.

A professional assessment of a property's market value.