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Off the Plan

To purchase a property before it is completed after having only seen the plans.

Offer

Conveyed intent by one party to form a contract, which may have conditions and stipulations, with another party.

Offers

A process of calling for offers on the property, usually required by a certain date.

Official Cash Rate (OCR)

The Official Cash Rate is the interest rate set by the Reserve Bank to meet the inflation target specified in the Poly Targets Agreement. This is reviewed every six weeks.

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