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Gearing

The ratio of your own money and borrowed funds for investment.

Gross Income

Income before taxes are deducted.

GST

Goods & Services Tax. A consumer tax levied at a flat rate of 12.5% on all goods and services supplied by a registered person. As a general rule, GST is not generally payable on residential sales but could be payable on lifestyle blocks, farms, commercial property and businesses.

 

Guarantor

A person who agrees to indemnify the holder of a loan all or a portion of the unpaid principal balance in case of default by the borrower.

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