Talk like you know your stuff:
DA: Development Application, your project’s green light from council.
Feaso: Feasibility Study, checks if your project makes financial sense.
LVR: Loan-to-Value Ratio, how much of your own money banks want involved.
Holding Costs: Ongoing expenses like interest, council rates, and insurance.
Settlement: When the property officially becomes yours.
ROI: Return on Investment, measuring your project’s profitability.
Equity: Value you own outright in the property.
Vendor: The seller of the property you’re buying.
Contingency: Extra money set aside to cover unexpected costs.
Clear language leads to clear action.
Every industry has its own shorthand. Speak it fluently, communicate clearly, and accelerate decisions. Words have power when you use them wisely. Master these terms, and you’ll navigate your property journey with confidence.