Corser Property Consulting

GAZUMPING		The immoral practice under which the vendor of a property repudiates an oral agreement to sell it to a prospective pur chaser, usually because he has received a better offer from another parry.

GEARING		The use of borrowed funds in order to supplement an investor's own money when acquiring an asset.

GEARING RATIO		The borrowed funds divided by the inves tor's own stake (equity) in a project.

GENERAL LAW TITLE		Title to land which is not yet under the TITLE Torrens system. Title has to be proved in a cumbersome and expensive fashion by a series of documents which link the origi nal Crown grant and all subsequent transfers.

GST		Goods and services tax.

GST FREE		Goods and services which are completely exempt from the goods and services tax because that tax is not payable by consumers and the suppliers of those goods and services are able to claim back the tax paid on their inputs. Examples include health, education, religious services and exports. Other countries use the term "zero rated" to describe this type of activity. Contrast input taxed.