| Term | Description |
| Access Bond | A home loan that allows the borrower to access additional funds over the original bond amount. |
| Agreement of Sale | A legal contract outlining the terms and conditions of a property sale between buyer and seller. |
| Amortization | The gradual repayment of a home loan through regular installments covering both principal and interest. |
| Appraisal | An evaluation of a property's value conducted by a certified appraiser. |
| Asset Appreciation | The increase in a property's value over time due to market conditions or improvements. |
| Bond | A formal agreement and legal contract for a home loan between a borrower and a lender. |
| Bond Attorney | A lawyer responsible for handling the legal aspects of registering a bond on a property. |
| Bond Originator | An intermediary between a borrower and various lenders to secure the best home loan terms. |
| Buyer's Agent | A real estate agent representing the interests of the buyer in a property transaction. |
| Capital Gains Tax (CGT) | A tax on the profit earned from selling a property or asset at a higher value than its purchase price. |
| Conveyancing | The legal process of transferring property ownership from the seller to the buyer. |
| Deed of Sale | A legal document outlining the terms and conditions of a property sale, signed by both buyer and seller. |
| Deposit | The initial payment made by the buyer to secure a property purchase. |
| Devaluation | A decrease in a property's value over time due to various factors. |
| Dual Mandate | When a seller instructs multiple estate agents to sell their property, potentially leading to confusion and conflicts of interest. |
| Earnest Money | A deposit made by the buyer to show serious intent to purchase a property. |
| Estate Agent | A licensed professional facilitating the sale, purchase, or rental of properties on behalf of clients. |
| Exclusive Mandate | A formal agreement giving one estate agent exclusive rights to market and sell a property for a specified period. |
| First-Time Buyer | An individual purchasing a property for the first time, often eligible for certain benefits or incentives. |
| Fixed-Rate Mortgage | A home loan with a constant interest rate and fixed monthly payments throughout the loan term. |
| Freehold Property | Ownership of both the land and any structures on it, granting full control and rights to the owner. |
| Home Loan | A loan provided by a financial institution to finance the purchase of a property or home. |
| Homeowners Association (HOA) | An organization managing and enforcing rules and regulations within a community or development. |
| Interest Rate | The percentage charged by a lender on the principal loan amount, determining the cost of borrowing. |
| Leasehold Property | Ownership of a property for a specific duration, usually subject to a lease agreement with a landowner. |
| Listing Agreement | A contract between a property owner and a real estate agent, outlining terms for marketing and selling the property. |
| Mortgage | A loan secured by a property, enabling the purchase or refinancing of real estate. |
| Offer to Purchase | A formal proposal made by a buyer to purchase a property at a specified price and under certain conditions. |
| Principal | The initial amount of money borrowed in a loan, excluding interest. |
| Private Property | Real estate owned by individuals or entities, not the government or public entities. |
| Property Title | The legal document proving ownership and rights to a property. |
| Real Estate Investment Trust (REIT) | A company that owns, operates, or finances income-generating real estate in various sectors. |
| Repossession | The process of reclaiming a property by a lender due to the borrower's failure to meet loan obligations. |
| Sectional Title | A form of property ownership in a multi-unit development, where each unit owner has a separate title for their unit. |
| Seller's Market | A real estate market where demand from buyers exceeds the available supply of properties, giving sellers an advantage. |
| Servitudes | Legal rights or restrictions on the use of a property, often granted to a third party. |
| Title Deed | A legal document providing proof of ownership and property rights. |
| Title Insurance | Insurance protecting against losses due to defects in the property title or ownership disputes. |
| Transfer Attorney | A lawyer responsible for overseeing the legal transfer of property ownership during a sale. |
| Transfer Duty | A tax paid to the government upon the transfer of property ownership from seller to buyer. |
| Trust Property | Real estate held in a trust and managed for the benefit of designated beneficiaries. |
| Valuation | An assessment of a property's value conducted by a professional appraiser. |
| Variable-Rate Mortgage | A home loan with an interest rate that can fluctuate based on market conditions. |
| Voetstoots Clause | A clause in a property sale agreement indicating the property is sold 'as is,' without warranties or guarantees. |
| Zoning | The legal designation of how land can be used or developed within specific areas, regulated by local authorities. |
| Real Property | Tangible assets such as land, buildings, and improvements attached to the land. |
| Rental Yield | The return on investment generated from a property through rental income, expressed as a percentage. |
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