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Owner-purchaser or purchaser-owner
Owner-purchaser (or purchaser-owner) includes homeowners who are still paying for their home through a mortgage and those homeowners who own their home outright.
Placemaking
A professional planning practice that aims to make urban spaces more liveable for local people by taking into account inputs of the people who will be using the public space most. Placemaking often occurs as part of an urban renewal process focusing on urban design and involving community consultation.
Precarious housing
‘Precarious housing’ is defined as housing that concurrently exhibits two or more of the characteristics identified below: unaffordable, unsuitable and insecure.
Precinct
An urban planning term designating an urban area for a specific purpose to enable knowledge spillover and foster investment. Australian examples include education, cultural, health and innovation precincts.
Priority Allocation/Priority list
Priority allocation is a principle of the social housing allocation process whereby people with extreme housing needs (such as experiencing homelessness or escaping domestic violence) are given quicker access to forms of social housing than might otherwise be the case.
Private rent assistance
Assistance provided by Commonwealth, state and territory or other welfare agencies to help households access rental housing in the private sector. Assistance can range from programs to educate tenants about how to access and maintain a tenancy, to financial assistance with rental bonds to rent subsidies for defined time periods.
Private rental sector
The overall group of rental dwellings provided by non-government investors such as individuals, for profit businesses and market rate dwellings provided not-for-profit housing providers. These dwellings are provided by their owners in the expectation of a commercial profit.
Public-private partnership (PPP)
Cooperative arrangements whereby governments work with businesses to develop, fund, build or deliver infrastructure, usually over a long timeframe. The intention is that PPPs reduce upfront costs to governments while providing infrastructure that benefits the wider community.