Acronyms & Glossary List

This list is originally created by Jas. I have added few more from @D.T., @geoffw, @Rixter, LynnH, hobo & myself.
It was useful when I was new to the game.

Organisations/People
APRA: Australian Prudential Regulation Authority - Prudential regulator of banks, insurance companies and superannuation funds, credit unions, building societies and friendly societies.
ASIC: Australian Securities and Investment Commission
ATO: Australian Tax Office
BA: Buyers Agent
DFT: Department of Fair Trading
DHA: Defence Housing Authority
DoH: Department of Housing
DoP: Department of Planning
FIRB: Federal Investment Review Board
OSR: Office of State Revenue
PM: Property Manager
QS: Quantity Surveyor
RBA: Reserve Bank of Australia
REA: Real Estate Agent
REINSW: Real Estate Institute of New South Wales
REISA: Real Estate Institute of South Australia
REIT: Real Estate Institute of Tasmania
REIV: Real Estate Institute of Victoria
REIWA: Real Estate Institute of Western Australia

Renovating/Building
Reno/Rehab: Renovation
STCA: Subject To Council Approval


Investing
B&H: Buy & Hold (you buy a property and don't sell it, thus ‘hold' it)
DD: Due diligence
DYODD: Do Your Own Due Diligence
EOFY: End of Financial year
FHOG: First Home Owner's Grant (A monetary grant available to First Home Owners)
Flip: (where you find a property at well below market value and either pass it on to an investor for a finder's fee or higher price)
FMV: Fair Market Value (what the market thinks the property is worth)
IP: Investment Property
LO: Lease Option (You offer someone the option of buying a property. They place a deposit and then rent from you. At or before the option term, they can choose to buy at the preset price. If they choose not to buy, you keep the deposit)
LOE: Living On Equity
NRAS: National Rental Affordability Scheme
OPM: Other People's Money (this could be the banks, a partner's, or anyone's. A way for you to get ahead faster)
OPT: Other People's Time (this could be the banks, a partner's, or anyone's. A way for you to get ahead faster)
OTP: Off The Plan (You buy a place before it has been built. You settle once the property is fully constructed)
PPR/PPOR: Principal Place of Residence (Tax term for when you own, not rent, the place you live in)
SANF: Sleep At Night Factor (Conscience and risk profile)
UCV: Unimproved Capital Value (The value of the property before you increase the CG)
Wrap: Wraparound Mortgage (You own a place and sell it on a hire/purchase scheme)
SMSF: Self Managed Super Fund

Computer/Internet
BTW: By The Way
DH: Dear/Darling Husband
DW: Dear/Darling Wife
FAQ: Frequently Asked Questions
FWIW: For What It's Worth
FYI: For Your Information
IMHO: In My Humble Opinion
LMAO: Laugh My A*** Off
LOL: Laugh Out Loud
PIA: Property Invest Analysis Software from Somersoft
PIF: Property Investment Forum
ROFL: Rolling On Floor Laughing
ROFLMAO: Rolling On Floor Laughing My **** Off
TLA: Three Letter Acronym


Forum Specific
OP: Original poster
PC: Property Chat (here)
SS: Somersoft

Finance
CF: Cashflow (The income stream from a property, ie cashflow +ve is cash in your hand. Cashflow -ve is a negatively geared property)
CG: Capital Growth/ Captial Gain (This is the increase/decrease in price. Like cashflow, this can be negative or postitve)
CGT: Capital Gains Tax (The tax you pay when selling a property)
DSR: Debt To Service Ratio (How much your loans are over your income)
Equity: (The amount money the property is worth, minus any outstanding loans)
GST: Goods and Services Tax (Australians pay 10% tax on just about everything. You can't claim it back for property expenses, but you can for other things)
IO or I/O: Interest Only (On a loan, you only pay the interest portion every month. At the end of the loan term, you still owe the full amount)
IRR: Internal Rate of Return (A method of calculating how much money you'll make on a deal)
LMI: Lenders Mortgage Insurance (Something the bank takes out on your loan to insure itself. At high LVRs, you pay the premium. Happily, you only have to pay once)
LOC: Line Of Credit (A loan that looks like a credit card. Secured against a property, you have a limit, and only pay interest on the current outstanding balance)
LVR: Loan To Value Ratio (The size of the loan over the value of the property. $50,000 loan secured against $100,000 property equals a LVR of 50%
NPV: Net Present Value (How much the property is worth now)
P&I: Principle & Interest (On a loan, each month you pay both an interest and repay some of loan. At the end of the loan term, you owe 0)
PA or p.a.: per Annum (Each Year)
ROI: Return On Investment (A method of calculating how much money you'll make on a deal)
xcoll/xcollat/xcolled: cross-collateralise, cross-collateralisation, cross-collateralised etc (A situation in which the bank uses multiple properties as security for one loan)
EOFY: End of Financial year
DD: Due diligence

Locations
ACT: Australian Capital Territory
ADL: Adelaide
BNE: Brisbane
CBR: Canberra
MEL: Melbourne
NSW: New South Wales
NT: Northern Territory
NZ: New Zealand
PQQ: Port Macquarie
QLD: Queensland
SA: South Australia
SYD: Sydney
TAS: Tasmania
VIC: Victoria
WA: Western Australia

 

Fantastic list Devank...
Maybe roll this info into a welcome sub section on Propertychat with other key elements also for new members..
@Sim

 

RBA
and APRA

 

Thanks. Added to the list.

 

@devank

one for the list

@Rixter's famous LOR

 

OP = Original poster
DD = Due diligence

DW = Dear/Darling Wife
DH = Dear/Darling Husband
EOFY = End of Financial year
SMSF = Self Managed Super Fund

 

Added them to the list. Thanks for writing out the meaning.... made my life a little easier.

 

Sorry for a dumb question, but does anyone know what STCC stands for? I'm seeing quite a few ads with 'Sold STCC' on them but cannot find an explanation of the acronym on Google. Is it something to do with sold subject to ? contract?

 

Subject to Construction Certificate? (For a development site).

NFI - any takers?

 

The one's I'm looking at are all ordinary residential properties. I've run out of ideas too

 

STCC = Subject To Council Consent ??

 

STCC = Subject to Council Conditions
STCA = Subject to Council Approval
And don't forget the holy grail:
LOR = Living off rent

 

Hmmm, subject to council conditions doesn't seem to fit though, as they're all just standard houses on avg. sized lots that don't seem to require any council approval for anything.

 

STCC normally refers to special conditions or consents from the local council. It might have something to do with easements/change in zoning/specific requirements/future development & planning/etc. It can be anything. Best to ask the REA or check directly with the council.

 

After further Googling, I think I've finally found it:

 

There you go! Where would we be without Dr Google?

 

The ATO now refers to PPoR as Main Residence (MR).

"In general, your main residence (your home) is exempt from capital gains tax (CGT)."
​

Is the dwelling your main residence? | Australian Taxation Office

 

BCC - Brisbane City Council, MBRC - Moreton Bay...
GC - Gold Coast.

 

Oh and FTW means "for the win" now apparently...

 

I wish I can edit my first post. But... @Simon Hampel doesn't trust us enough
How about a 'Good Kids' Group with longer edit access??