Australian Real Estate Terms

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Buying, selling or renting property in Australia and having trouble understanding what they're saying? To help you figure it out, we've created brief explanations of the words used. For more complete information, see your local real estate agent, financial advisor or solicitor.

A B C D E F G - H I - J - K L M - N O P - Q R S T U - Z

D
debtor	Someone who owes money to another person or entity.
deed	A legal document conveying title to a property.
default	Failure to make mortgage payments regularly or to comply with other requirements of the mortgage.
deferred establishment fee	A fee charged when you pay out your loan within a short period of taking it out.
deposit	A percentage of the purchase price given to bind the sale of real estate.
disposable income	Any income left over after all known expenses (bills, mortgage payments, car loans) have been met.
depreciation	A decline in the value of property due to changes in market conditions or other causes.
disbursement	A cash expenditure for the purpose of settling a debt.
drawdown	The disbursement of loan funds, especially referring to lines of credit where you can use the funds as required.
dual occupancy	A block of land which is zoned so that there two distinct dwellings are permitted to be constructed.
duplex	A type of construction where two buildings are attached together by a common wall. Also called semi-detached.

Note: We assume no liability resulting from any errors or omissions. Translation . . . we've done our best to bring you accurate information. However, you should seek your own independent advice as to the accuracy of the information supplied.

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