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Home buying and selling glossary

Navigate property jargon with our simple glossary of essential real estate and conveyancing terms.

Last updated 24 Nov 2025

Illustration of a stack of paper documents with a potted plant and small lamp to either side.

Home buying and selling terms explained

Feeling confused by property jargon? You’re not alone. Buying or selling a home involves a lot of technical and legal terms that are tough to grasp.

We’ve created an easy-to-understand glossary to make it all make sense.

Whether you’re a first-time buyer, selling your home, or just need some clarity, use our glossary to help you through the process.

A

Adopted highway: A road or path which is maintained by the local authority rather than privately.

B

Budget: The purchase price you can afford for a property based on your savings, income, and how much you can borrow.

Buyer: The person(s) purchasing a property.