Glossary

In Australia, principal place of residence refers to your primary home for tax purposes

LVR is a percentage determined by dividing the value of your property by the value of your current or intended home loan. For example if your property Valuation was $1,000,000 and your Loan Value was $830,000 then your LVR would be 83%

The Loan to Value Ratio plays an important role in determining how much risk lenders attach to your home loan. You need to understand what it means and how it may affect your ability to borrow.