| Adjustment | The apportion between buyer and vendor of expenses like council and water rates. |
| Allotment | A lot or block subdivided from a larger portion of land. |
| Amortisation period | The full term of the loan, in other words the number of years it will take to repay a home loan completely. Maximum amortisation period is usually 25 years. |
| Appraised value | An estimate of the value of the property offered as security for a home loan. This appraisal is for financial lending purposes and may not reflect the actual market value. |
| Auction | Sale of a property in public to the highest bidder. |
| Breach of contract | Breaking the terms of a contract. |
| Brick Veneer | A system of building in which a structural timber frame is tied to a single brick external wall. |
| Bridging finance | A short-term loan, usually at a higher rate of interest, taken out by people who have bought a house while waiting for theirs to be sold, or when a normal mortgage and their savings fall below the asking price. |
| Building Coverage Percentage | The allowed percentage of building floor area to net site area. |
Glossary 
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