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.

Last updated: 9 July 2025 | 7 min read

AI summary

This guide demystifies essential NZ real estate jargon for buyers and sellers. It covers sale methods like Auction and Deadline Sale, and the difference between conditional and unconditional offers.

Understand crucial legal documents like a Sale and Purchase Agreement, Certificate of Title, and LIM report. Key financial concepts such as LVR (Loan to Value Ratio), equity, and the Official Cash Rate (OCR) are also defined, helping you navigate the property market with confidence.