Buying your first home is a big undertaking in itself and not knowing the common terms in property is sure to make your journey a lot more difficult than it should be.

In the first episode of this two-part series, we're going to give you a real estate user's guide by interpreting a whole bunch of the commonly used terms so that you don't feel you're trying to understand a foreign language.

There's a whole lot of things to cover so let's get into it and we'll see you on the inside!

• What are the types of Real Estate Agents and what do they do? [02:08]
• Be aware of Property Spruikers [04:50]
• Conveyancers focus on property matters [07:03]
• What is a Lenders Mortgage Insurance (LMI) & who does it benefit? [09:19]
• 'Equity' sounds cool, but what is it exactly? [11:01]
• Stamp Duty or Transfer Duty [11:54]
• A look into Land Tax & Unimproved Land [12:53]
• What are Purchasing Costs? [15:44]
• Explaining 'Offset Accounts' [16:54]
     • Redraws [17:44]
• What the hell is 'Loan Structure'? [18:52]
• Understanding Leverage [20:55]
• Defining Capital Growth [21:41]
• Capital Gains [24:37]
• What is Capital Gains Tax (or CGT)? [25:26]
• Looking at Capital Gains Tax Concession [26:57]
• Negative Gearing [28:13]
• Depreciation [30:28]

• Jargon and Terminology (PDF)

If you enjoyed today's podcast, don't forget to subscribe, rate and share the show! There's more to come, so we hope to have you along with us on this journey!