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
Last updated: 9 July 2025 | 7 min read
AI

AI summary

Navigating the NZ property market is easier with this guide to essential real estate terms. It explains different sale methods like Auction and Deadline Sale, and ownership types such as Freehold and Cross lease.

You'll also learn key financial concepts including LVR (Loan to Value Ratio), DTI (Debt to Income Ratio), and the OCR. The glossary covers crucial legal documents like the Sale and Purchase Agreement and LIM reports, empowering you to transact with confidence.

Ready to start searching?

Knowing a thing or two will make buying property easier.

Author

Ben Tutty Ben Tutty
Content Writer