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

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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

SPRING HAS ARRIVED!

Winter not totally gone – the cold and the long winter nights… But it is getting better!

Sunshine and colour… NEW BEGINNINGS! This describes my morning each day… now that Spring is in the air.

So what are the big property subjects for this month? Probably a little look at Land Tax… Maybe a little look at Interest Rates… and the big question…

How do you feel about your Property Portfolio?… How do you feel about Business in South Australia?

LAND TAX – KEEPING A LEVEL HEAD

 

Lin Andrews Real Estate tries not to take sides on political issues, choosing rather to look for the objectives of the party putting forward a proposal. What are they trying to achieve and why?

We then look to the impact on our clients and search for the silver-lining. How best to guide our clients… how best to strategically plan for our own future? How may we minimise the hurt and how may we take advantage of any perceived opportunities?

If something is out-rightly wrong, then we will attempt, with others, to change the plan put forward.

We are a democracy and this form of governance is wonderful… It must be protected. Alternate arguments may be put forward, so the democratic process may be outworked for the “best” solution to a problem.

In the end… if we disagree with an act of the current government, it is surprising how quickly the next election comes around.

LAND TAX – SOME BASIC FACTS – FOR RESIDENTIAL PROPERTY OWNERS

  1. Private homes as a principal place of residence are free from Land Tax. That is the principal place of residence. Not your holiday home.
  2. Tax is payable only on the land value of a propertyThere is no Land Tax on the building which is on the land. In other words a piece of land in the Northern Suburbs may be worth $150,000, but the home and land may be worth $450,000. Land Tax ONLY applies to the $150,000 and NOT on the $450,000 total asset value.
  3. There is no land tax payable until the total value of your investment land reaches $391,000. In some of the Northern Suburbs (or other outer-suburbs you could have your own home plus two or three investment properties and still not pay any land tax.
  4. In the inner suburbs this may limit you to only one property in addition to your own home because of the higher cost of land in those areas. The issue is that mum and dad investors may continue to invest in 1 or 2, homes in addition to their own family home, without being caught-up with the land tax debate…. BUT check the value of the land itself… even on Strata Plans there will be a land component.
  5. Next year the thresh-hold or base rate will increase to $450,000 in South Australia. This will further permit mum and dad investors to build a property portfolio for their senior years.

LAND TAX – COMMERCIAL & INDUSTRIAL LAND

This is where the Land Tax debate gets serious.

Many South Australian investors own land, worth far in excess of $391,000. Especially the owners of Commercial property.

We have many hundreds of clients who fit this criteria. These folk… have a lot of wealth and they need to protect it.

The community needs to protect it for them!

We are the ones who benefit from their shopping centres, office buildings, factories, warehouses and the like. These are the people who create not only employment, but places for our leisure hours, places to shop and places to work.

Investors in more upmarket homes – to rent – need to have protection, as do those who provide the basic investment frame-work of our society.

Wealth correctly managed is hard work. These are the people who are creating jobs, and usually are working very hard at deploying their capital, in a way that it works for themselves and the whole community.

There is a basic myth called the “idle rich”. These do not occur in South Australian Society.

There may be the “idle under-employed”, but money is attracted to those who work hard to attract it and keep it busy in performing great economic works. It returns to its owners again to be re-deployed, on the next project which its owners have been able to source.

Ownership and management of capital benefits all… lets not tax it out of existance.

Fortunately groups such as the REI, (Real Estate Institute), UDIA (Urban Development Institute), PCA (Property Council), Business SA, MBA (Master Builders Association) and other hard working organisations are combining their resources to have balanced debate in this matter concerning Land Tax.

Common-sense will prevail as these powerful and intelligent groups put forward alternatives for the current State Government to consider, before it imposes any extra Land Tax which will negatively impact our State.

In the meantime remember that property is a great source of creating and storing wealth… but its management is the focus of many professions.

The land component is what carries Land Tax… not the whole project. Land Tax cuts in at $391,000 this year and $450,000 next financial year.

Strata Units carry a very small land value component.

Land in the Northern Suburbs is of low value but rents are good.

Do not stop investing… just be careful!

Don’t let anger at what appears to be a poor Government decision, get in the road of your future business growth.

INTEREST RATES

Are lower interest rates doing anything for your business? Are you aware that Interest rates are expected to drop two more times within the next six months?

Many people are wondering where this will end, but others are very positive, and searching for opportunities to invest.

The banks are careful but seem as enthusiastic as ever to accommodate new, commercially sound proposals.

It is true there are negative economic vibes. Trump, China, Brexit! A little while back it was Holden’s pulling-out, Motor Industry leaving Australia… and other fears being peddled to feed negative minds.There is a very old proverb that says, “If you watch the sky there will always be a reason not to sow your crop”. It is easy to find an excuse not to do a job.

If you do not sow… you will not have a crop to harvest. This applies to us equally today.

Low interest rates, stable government, strong banking practices… why not expand your business or invest in property NOW…

MARKET REPORT

Many clients are very positive permitting the report below…

Commercial Sales – are doing well. Investors are, however looking for strong leases to ensure cash flow.

Commercial Leasing – is doing well. Many are confidently growing their existing client base through good service and a keen attitude to please.

Residential Sales – are doing well. High Government Fees are causing some older people to resist downsizing but properties are selling quickly when offered to the market.

Residential Rents – are rising. Tenants are renewing leases rather than relocate and this is an indication of stability in this market segment.

Development Activities – are cautious but active. Some Local Government areas are being avoided due to poor empathy with developers. Others are excellent and trying to drive the State and their areas forward.

To be started is to be half finished.

  

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