Property ownership, titles and the terms that come up when buying or holding real estate.
7 terms in this topic
A caveat is a notice lodged on a property title that warns others of a claimed interest and blocks most dealings until it is resolved.
Read definitionA depreciation schedule is a report that lists an asset's cost, its effective life and the depreciation you can claim against income each year.
Read definitionLandlord insurance is cover for a rental property owner, protecting against tenant related loss such as damage, theft and lost rent, plus legal liability.
Read definitionLenders mortgage insurance (LMI) is a one-off premium a home loan borrower pays to insure the lender, not the borrower, against loss if the loan is not repaid.
Read definitionNegative gearing is when an investment bought with borrowed money costs more to hold than it earns, and the shortfall is deducted against your other income.
Read definitionStamp duty is a tax that state and territory governments charge on certain transactions and documents, most commonly the purchase of property and the transfer of a vehicle.
Read definitionTitle is legal ownership of an asset, and the record that proves it, such as a certificate of title for land.
Read definitionCompare finance options from 50+ lenders. Subject to lender approval, terms and conditions apply.
Get started