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

M

mean average

The sum of a collection of numbers divided by the number of numbers in the collection.

median

The numerical value separating the higher half of a data sample, a population, or a probability distribution, from the lower half.

For example, the median of {3, 3, 5 , 9, 11} is 5 and the median of {3, 5, 7, 9} is (5 + 7) / 2 = 6)

moderate income household

A household with income in the second income quintile (21–40%) of all household income distribution.

mum-and-dad investor

A term used to describe small-scale, non-professional investors.