Construction
Terms
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Building Approval
The number of dwellings approved to be constructed
in a given month, quarter or year.
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Final Inspection Report
A certification issued by a local council or building inspector
that building works for a home are complete
and the home is ready to be lived in .
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Right Of Way
A person may have a right to cross your property
to gain access to his / her own property or there may be
a public pathway across the land.
Glossary
Approval's
& Report's
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Square
An old imperial unit of area measurement.
1 square = 10 feet x 10 feet in area, which in metric measure
is equivalent to 9.29m squared.
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Strata Title
System of land title based on the horizontal sub-division of air space whereby all the owners combined
own the land, but have absolute right to sell / transfer their strata-titled property to a new owner.
The most common form of strata title is a home unit .
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Subdivision
A parcel of land divided into individual lots.
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Urban Renewal
The process of rehabilitating urban (city) areas, by demolishing, remodelling or repairing existing structures
and buildings, public building, parks, roadways and individual areas on cleared sites in accordance
with a more or less comprehensive plan.
Investor
Enquiry
Why not book an obligation free
property strategy session?
1300 482 289