Glossary

Purpose
The purpose of this glossary is to define terms commonly used in our research. It is a reference to familiarise you with housing-specific terms in our publications and on our website.

Scope
This glossary is limited to terms and acronyms most used by Australian academics and governments.

Format
All entries are listed in alphabetical order, including acronyms (which are cross-referenced with their corresponding definition.) Click on the appropriate letter to see listing.

Feedback
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

L

land tax

Land tax is an annual tax levied on owners of vacant land, a holiday house, investment properties or primary production land close to a city.

The Henry Review (2009) proposed the abolition of stamp duty and its replacement by a broad-based land tax. Wood, Ong and Winter (2012) argue that such a move would promote downsizing by older home owners who are otherwise put off by the upfront lump sum costs associated with their next purchase.

long-term private renter

A household that has rented for 10 years or more, continuously (though not necessarily in the same dwelling).

long-term unemployed

In Australia, this refers to unemployment lasting for longer than 12 months, with very long-term unemployment lasting more than 24 months. It is an important indicator of social exclusion. In European Union statistics it is unemployment lasting for longer than one year, the United States Bureau of Labor Statistics (BLS) reports this as 27 weeks or longer.

low-income household

A household with income in the bottom 20 per cent of all household income distribution.