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 article is a comprehensive glossary of 38 essential New Zealand real estate terms, designed to help buyers and sellers understand property jargon.

It covers key concepts related to:

- Sale methods: Auction, Deadline Sale, Tender

- Ownership types: Freehold, Cross Lease, Body Corporate

- Financial terms: LVR, DTI, OCR, Equity

Understanding this terminology, from LIM reports to Sale and Purchase Agreements, empowers you to make informed decisions when dealing with agents, brokers, and lawyers.

Ready to start searching?

Knowing a thing or two will make buying property easier.

Author

Ben Tutty

Content Writer

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