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what is property


Contact Armstrong Legal:
Canberra: (02) 6288 1100
Sydney: (02) 9261 4555
Melbourne: (03) 9620 2777
Brisbane: (07) 3229 4448

Kerry White

Property includes everything that is capable of being owned. However, defining property is not as simple to do as it may seem.

Property is basically different types of assets.

The following is a list of what is defined as an asset:

  • House
  • Land
  • Intellectual property with market value (such as a copyright, patent or trademark)
  • Cars and motor vehicles of any description
  • Furniture
  • Bank accounts
  • Shares
  • Debentures (a certificate that acknowledges debt)
  • Paintings and other works of art
  • Jewellery
  • Various collections e.g. stamps, coins
  • Business equity
  • Frequent flyers points
  • Unused annual leave
  • Unused long service leave
  • Superannuation (this is defined as property for family law purposes)
  • Insurance
  • Businesses (partnerships/companies)
  • Household goods
  • Tools of trade or other equipment
  • And anything else that has a monetary value

This is not an exhaustive list. Use the list as a reference when creating your asset pool for your property settlement.


where to next?

Taking the next step and contacting a family lawyer can be scary. Our lawyers will make you feel comfortable so you can talk about your situation. But first, ask yourself, Do I really need a lawyer?

Why Choose Armstrong Legal?

Contact Armstrong Legal:
Canberra: (02) 6288 1100
Sydney: (02) 9261 4555
Melbourne: (03) 9620 2777
Brisbane: (07) 3229 4448

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