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.
This glossary is limited to terms and acronyms most used by Australian academics and governments.
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.
If you have any comments or feedback on this glossary, please contact us.
The value of money adjusted for the impacts of inflation over time. For example, a house bought for $15 000 in 1970 can be described as having cost $159 000 in 2013 dollars, based on the Consumer Price Increase over that time period. If the house was sold in 2013 for $1 million the increase was $841 000 in real dollars.
Also see nominal dollars
The process whereby existing, ageing public housing estates or buildings are redeveloped to improve both housing outcomes for public housing tenants and the neighbourhood’s amenity.