The value of a parcel of land including improvements. This is normally referred to as CV or Council Value. This vale can normally be located on a council rates notice, water rates or directly from the lands titles office.

A code used to signify how a property or area has been zoned. Zones exist for development and planning purposes and signify what use or uses a given property (or properties within an area) may be put to – e.g. residential, commercial. Further detail is available from Planning SA, South Australia Development Plans.

Legal documents signifying ownership of real property.

The system employed in all Australian jurisdictions under which title to land is conferred by the official registration of a dealing in that land. The fundamental principles of the system are:

Site value – the value of the land including site improvements (such as levelling, retaining walls and clearing of timber) but excluding structural improvement.

The rate charged on a variable loan moves up or down in accordance with movements in interest rates, as set by the Reserve Bank. Basic variable loans generally have fewer loan features than a standard variable loan.

A plan dividing land into units and common property under the Strata Titles Act 1988.

A corporation created by the deposit of a strata plan and consisting of the registered proprietors of the units defined on the plan.

One of the two main ways in which two or more persons may hold land in co-ownership (the other being a joint tenancy). Each tenant is entitled to a distinct but undivided share in the land. Note that, although having a distinct share in the land, this does not entitle the proprietor of the share to the exclusive ownership of any identifiable portio [..]

Occurs after both parties have exchanged contracts and agrees to the terms of the transaction.