NDL REALTY Overview for Foreign Investors

These flashcards cover key terms and concepts related to NDL Realty's services, rental reforms, and the real estate market in Melbourne.

Boutique Family Agency

A personalized real estate agency approach, catering specifically to the unique needs of foreign investors.

One-Stop Solution

Comprehensive property services provided to alleviate stress for foreign investors.

Residential Property Management

Service that manages rental properties for landlords, ensuring tenant care and property maintenance.

Commercial Property Management

Management services for commercial properties including leasing and maintenance.

Buyer’s Advocacy

Guidance and assistance for buyers throughout the property purchasing process.

Property Development

The process of developing real estate, which includes buying land, building, and selling properties.

Key Rental Reform Measures

New rules established to improve tenant rights and property standards in rental agreements.

Minimum Standards

Essential safety and liveability requirements that all rental properties must meet.

No Eviction Without A Reason

Legislation preventing landlords from evicting tenants without a legitimate cause post initial rental agreement.

Fair Housing Practices

Regulations ensuring equal treatment of tenants and fair housing opportunities.

Investment Potential

The potential for property to appreciate in value or to generate income, especially in growing markets.

Market Demand

The level of interest and desire for rental properties in a given market, impacting prices and availability.

12-month rental increase notice period

Regulation extending the time landlords must give tenants before a rent hike from 60 to 90 days.

Capital Growth

Increase in the value of a property over time, important for long-term investors.

Short-Term Rental Returns

Income generated from renting properties on a short-term basis, commonly seen in tourism hotspots.

Demographics of Melbourne's CBD

Statistical data about the population living in Melbourne’s Central Business District, including age, rental status, and origin.

FIRB Approval

Foreign Investment Review Board approval required for foreign investors to purchase property in Australia.