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Terminology You Should Know When Buying, Selling Or Investing in Real Estate

Common Property Terminology you need to know when selling, buying or investing in real estate.
For newcomers to property investing or home buying, the jargon can get slightly confusing. I have compiled some commonly used words and terms to help you on your property journey.
Cash flow positive:
This is when you have a cash-flow positive investment where the incoming are more than your outgoings after tax-deductible items have been claimed. You receive more rent than your mortgage repayments, plus you are still ahead after taking into account items such as interest on the loan, maintenance, insurance, land tax, rates etc.
C.G.T:
Capital Gains Tax is the tax you pay when you sell an investment property and you have made a profit.
Cooling Off Period:
This is the period of time given to purchasers to legally withdraw from buying a property. The length of time varies in each of the …