Provided by the Real Estate Institute of Australia

WAINSCOTING – Wooden lining of an interior wall, usually in panels.

WALK-UP – A residential block of units with no lift generally limited to three storeys (unless on a very steep slope with entrance at mid level).

WATER CLOSET – A room equipped with toilet fixtures and facilities.

WATERFRONT PROPERTY – Any property that has frontage on an ocean, river or other watercourse.

WATER RIGHTS – A right to a definite or conditional flow of water, usually for use at stated times and in stated quantities for irrigation or for hydroelectric power development.

WEAR AND TEAR – The depreciation of an asset due to ordinary usage.

WEATHERBOARDING – External wall sheeting formed with overlapping or rebated boards.

WITHOUT RESERVE – An auction term signifying that the goods offered will be sold to the highest bidder, whatever that bid may be.

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W of the A-Z Glossary Provided by the Real Estate Institute of Australia you will find Glossary W, Glossary, A-Z Glossary, Provided by the institute of Australia, if offers you Information, Advice, Help, in regards to Property, properties, apartments, units, buying, selling, and Real Estate, any further questions contact Alan McGillivray, at Alan McGillivray Real estate

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