Buying guide

38 NZ real estate terms you should know

Whether you’re buying your first home or just need a refresher - this glossary will come in handy.

Ben Tutty

By Ben Tutty (Content Writer)

Last updated: 9 July 2025 | 7 min read

AI summary

This comprehensive glossary demystifies 38 essential NZ real estate terms for buyers and sellers. It clarifies different sale methods like Auction and Deadline Sale, and property ownership types such as Freehold and Cross lease.

You'll also learn key financial concepts like LVR (Loan to Value Ratio) and legal processes involving the Sale and Purchase Agreement and LIM report. This guide helps you understand property jargon and navigate the market with confidence.

Ready to start searching?

Knowing a thing or two will make buying property easier.

Author

Ben Tutty

Content Writer

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