ABOUT LIN ANDREWS REAL ESTATE

GREETINGS FROM THE FOUNDING DIRECTOR

Lin - Photo

Lin Andrews, Founder and Group Chairman, shares……

“Our Group history goes back to 1969 when my wife (Bunty) and I sat one Saturday night free from socialising. We paused to consider our privileges….

Our questions… “How can our lives make a difference?” That night we resolved to do something very bold!

At the time of these decisions, South Australia was implementing its Development Act 1967 – 1972 and talking a lot about tourism.

We built holiday flats at West Beach and then at Grange. These were followed by an office building, a warehouse and several homes.

During those first years, we invested and established a number of companies in diverse industries but always achieved our greatest satisfaction in the property industry.

We became agents as well as developers!
As agents we had a passion to assist people who were not generally trusting of Real Estate Agents. Our Agency business grew disproportionately to our other activities… possibly because we really liked helping people.

Most people lacked confidence in their ability to invest in the future.
People were disillusioned with the repetitious collapse of other investment schemes which rose to prominence from time to time.

We resolved to assist people to own their own real estate.
Investment seminars and excellent property management services made this possible.

These residential investments became a store of wealth to investor clients and provided accommodation for those who needed a home to rent.
At a later date we added commercial property to our skill base.

Commercial property meets the needs of entrepeneurs who grow businesses and create employment.

It may also offer a higher rate of cash flow to investors who are dependant upon their rental income.

Today we facilitate employment and accommodation across an increasing number of communities, throught the provision of property management, sales and leasing services for a diverse range of residential and commercial property.

We also design and develop commercial property according to community needs.
I am increasingly convinced that principle centred economic activity is the way to meet the sustainable needs of every community. We are proud to be a part of this great economic solution.”

MEET OUR TEAM

Directors

Commercial Sales & Leasing

Commercial Property Management

Residential Sales

Residential Property Management

OUR STORY

building4

Lin Andrews, Founder and Group Chairman, shares……

“Our Group history goes back to 1969 when my wife (Bunty) and I sat one Saturday night free from socialising. We paused to consider our privileges….

Our questions… “How can our lives make a difference?” That night we resolved to do something very bold!

At the time of these decisions, South Australia was implementing its Development Act 1967 – 1972 and talking a lot about tourism.

We built holiday flats at West Beach and then at Grange. These were followed by an office building, a warehouse and several homes.

During those first years, we invested and established a number of companies in diverse industries but always achieved  our greatest satisfaction in the property industry.

We became agents as well as developers!

As agents we had a passion to assist people who were not generally trusting of Real Estate Agents. Our Agency business grew disproportionately to our other activities… possibly because we really liked helping people.

Most people lacked confidence in their ability to invest in the future.

People were disillusioned with the repetitious collapse of other investment schemes which rose to prominence from time to time.

We resolved to assist people to own their own real estate.

Investment seminars and excellent property management services made this possible.

These residential investments became a store of wealth to investor clients and provided accommodation for those who needed a home to rent.

At a later date we added commercial property to our skill base.

Commercial property meets the needs of entrepeneurs who grow businesses and create employment.

It may also offer a higher rate of cash flow to investors who are dependant upon their rental income.

Today we facilitate employment and accommodation across an increasing number of communities, throught the provision of property management, sales and leasing services for a diverse range of residential and commercial property.

We also design and develop commercial property according to community needs.

I am increasingly convinced that principle centred economic activity is the way to meet the sustainable needs of every community. We are proud to be a part of this great economic solution.”

PUBLICATIONS

 

 

 

WELCOME

This newsletter marks the commencement of winter.

It marks the very last month of this financial year…  and therefore, the amount of tax which you must pay, for the financial year just finishing.

A month from now you will have new beginnings… but for now you have less than a month to do all those things which you have been putting-off.

Some of those procrastinations may cost you big time!

To demonstrate that time is running-out, have you noticed how the days are getting shorter.

It is hard to believe that before the end of the financial year we experience the shortest day of the year… in daylight terms. Appropriately it occurs on the 29th of June.

The natural world and the financial world seem to be in sync.

This newsletter is about property.

I know it sounds like a warning from your accountant or your solicitor… but these people only respond to your initiatives as YOU are the person running your business or investment program.

Property is an enormous part of our lives!

Many people have created their wealth through property.

PROPERTY AND GOVERNMENT

Property is used as a cash-cow by governments… who constantly look to take advantage of your nest-egg… and so we need to learn and care for that which we have created for our own well-being in the future… and protect it from predators.

Use the law to your advantage!

STAMP DUTY ON COMMERCIAL PROPERTY HALVED

Stamp Duty on the sale of Commercial Property will be reduced by 50% on contracts entered July 1st 2017 and onwards.

This is a continuation of the State Government policy of eliminating all taxes on the transfer of business interests and commercial land.

Last years stamp duty on Commercial Property sales was diminished by 33.3%. This year it is reduced by 50% of the current amount payable.

Stamp Duty on the sale of Commercial Property will disappear totally on the 1st July 2018!

We applaud these measures as encouraging our clients to invest in property in South Australia.

Our commercial departments in sales, leasing and management of commercial real estate have seldom been busier.

We are busy recruiting staff to meet this increasing demand for our services.

Journalists have a job to do in keeping us informed. Sadly it is easier to concentrate on what has gone wrong than those outstanding matters of MERIT.

It is too easy to concentrate on TODAY rather than the future… There are strategic plans which are working their way through the system and they need to be appreciated.

Circa 93% of South Australians are employed…  busy and fulfilled in what they are doing… and this will continue… notwithstanding the negative responses which surround us.

We must continue to believe in our ability to respond to economic change.

 

OUR CLIENTS ARE BUSY

Our clients in the SME Sector (small – medium – enterprise sector) are responding to change with confidence. We have inherited a positive attitude since our State was established in 1836. There will be large numbers of people who will be attracted to South Australia to achieve our ship-building commitments.

Back-ground work is already creating activity and excitement.

 

REMINDER – SUPERANNUATION CHANGE – SMSF’S

(Self Managed Superannuation Funds)

You are reminded that contributions to Superannuation Funds change significantly as of 1st July 2017.

Take professional advice now!

Some of our clients have been borrowing against their properties to maximise payments into their superannuation funds during these final few weeks to June 30.

There are a lot of superannuation funds which have recently had large amounts of cash injected into them. A lot of this money will find its way into commercial property from July onwards.

ANOTHER REMINDER – DON’T FORGET MAINTENANCE ON YOUR PROPERTY

Sometimes the most basic of tax deductions are forgotten.

Maintenance and property upgrades do not only provide tax relief… but at the time of the next vacancy or lease renewal, there is usually a financial benefit in achieving a higher rent.

FEDERAL BUDGET – INCREASED TAXES – FOREIGN INVESTORS

Vendor/Agent Accountability – Message to Agents & Vendors

If you haven’t yet heard about the proposed changes to the foreign resident capital gains withholding (FRCGW) threshold and withholding rate, then you may want to consider the potential impact these changes could have on the services you provide and the price of property.

The proposed changes will capture many more properties than the current regime due to the reduced threshold. As agents, it will become more relevant to communicate with conveyancers to ensure there are no delays in settlement because of the lead time in obtaining clearance certificates.

Proposed Changes (taken from ATO website)

On 9 May 2017 the government announced proposed changes to the foreign resident capital gains withholding (FRCGW) threshold and withholding tax rate. The changes will apply to contracts entered into on or after 1 July 2017:

  • For real property sales where the contract price is $750,000 and above (currently $2 million)
  • The FRCGW withholding tax rate will be 12.5% (currently 10%).The existing threshold and rate will apply for any contracts that are entered into before 1 July 2017, even if they are not due to settle until after 1 July 2017.

 

LIGHTER NOTE – CANINE THOUGHTS

If dogs could teach us we could learn things such as:

  1. When loved ones come home, always run to greet them.
  2. When it’s in your best interest – practice obedience.
  3. Take naps and stretch before rising
  4. Run and play daily.
  5. Avoid biting, when a simple growl will do.
  6. On warm days, stop to lie on the grass.
  7. On hot days, drink lots of water and lay under a shady tree.
  8. When you are happy, dance and wag your entire body.
  9. No matter how often you are scolded, don’t buy into the guilt thing and pout… run right back and make friends.
  10. Delight in the simple joy of a long walk.
  11. Eat with gusto and enthusiasm. Stop when you have had enough.
  12. Be loyal.
  13. Never pretend to be something you are not.
  14. If what you want lies buried, dig until you find it.
  15. When someone is having a bad day, be silent, sit close by and nuzzle them gently.

       

   

If you would like to get in contact with us, you can email us at linandrews@linandrews.com.au alternatively you can phone our office on

(08) 8234 1212

CONTACT US TO ENQUIRE ABOUT OUR PROPERTY MANAGEMENT PROCESS TODAY