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

 

“OLD AND TIRED”

I have just had the privilege of attending the two day annual conference on ‘South Australian Major Works’. This is a conference where major works within the State are talked about by non-marketing people, who have the responsibility of delivering projects, within budget and on time.

I love this annual conference because I get to know where the money is being invested within our State… and where the need will be for our services this year and in the years to come. Roads, Ports, Air-port extensions and the activities of Local Councils in attracting development activity.

It also provides an opportunity to rub shoulders with the managers of companies who employ South Australians and have to choose satisfactory places of employment for their staff.

I never cease to be amazed at the innovation of SME’s (small – medium – enterprises) in developing new products and services, to ensure “world best practice” in this wonderful State and City, a preference for so many of us.

The statement “Old and Tired” was the term used by  the Regional Sales Manager of a large Industrial Manufacturer as she left the meeting with me just an hour ago.

She was referring to Commercial Real Estate which she had been looking at as an additional site, where clients would visit, and from which her staff would function within a suburban environment.

We had talked about the presentation of some properties which she had been looking at with our competitors. She was scathing of their inability to provide what she was looking for and the lack of interest that landlords showed in leaving their properties vacant.

She had said, “I will not have my staff work in an environment of ‘Old and Tired’ and I am sure this is one of the reasons there are so many vacant properties on the market”.
I felt to share this with you as you may be one of those Commercial Landlords who needs a tenant, but the right one has not yet made you an offer to lease.

My personal conviction is that Commercial property should be presented with appeal, just as you would present a residential property… but here my staff warned me. “Some landlords do not want to spend money to lift the appeal of their residential property either”.

Well… I have my share of personal property and have never had a problem leasing it. Residential or Commercial, I present the property in the same appealing way as if I were offering it to my best friend.

Please think about the presentation of your vacant property and talk to a member of our staff if this message is helpful.

RESIDENTIAL PRESENTATIONS

Some months ago I featured a story in which Deidre Wood our Northern Residential Sales Consultant, had achieved an outstanding price for a home which had been on the market with another agent for some time.

Deidre had examined the house and informed the owner that she would not accept the listing unless he agreed to upgrade the property. She helped with reference to tradesmen who specialise in these things and pretty soon the house was painted, re-carpeted and a low-cost Bunnings kitchen installed.

The vendor was a friend of mine and could not get over the high price which Deidre achieved within the first week the property was on the market.

This story fits the comments outlined above where a business person would not lease “Old and Tired”.

Before I had typed this page I was referred to the outstanding work of Martin Tan who is one of our Commercial Property Managers. And also has a small portfolio of Residential, which he cares for as a part of his training to become a Lin Andrews Regional Manager in the future.

Martin was commended to me as a property manager who had ‘gone all-out’ to assist one of our long term Residential Investors.

A small flat in the Western Suburbs, it appears that Martin has gone beyond the normal duty of a Residential Property Manager and helped the owner have his flat prepared for sale with paint and also a new Bunnings kitchen.

I am told the property will sell quickly because it looks and feels great.

Martin… We honour you and wish you ongoing success with this company, as your clients recognise your commitment to them.

STATE OF THE MARKET
COMMERCIAL REAL ESTATE

July has been an outstanding month for real estate activity! Our Commercial Division has been rushed off its feet as purchasers can now buy Commercial Property without paying any Stamp Duty.

Many will pay tax on Capital Gains because their properties have been held for a long time, but that tax is at a privileged rate in almost every circumstance because it is a Capital Gain.

Capital Gains Tax is usually at only 50% of the usual rate and some properties do not have any tax payable because the properties have been owned since before the 20th September 1988 when Capital Gains tax was first introduced. Others are owned in Superannuation Funds and are taxed at 10 cents in the dollar.

Anyway… there is a huge amount of activity in the sale of Commercial real estate.

SMART BUYING
COMMERCIAL REAL ESTATE
SELF MANAGED SYNDICATION

We have been pleasantly surprised at the sophistication of buyers. A number of high-value investment properties have sold to Syndicates.

It is worth noting that syndicated buying is a wonderful way of several people investing in one property of high value, and great prospects of having high quality tenants.

A syndicate is not expensive to establish and should be done under the supervision of your Accountant or Lawyer, but it does open a whole new world of investment opportunities for people of like minds to buy and have an agent like Lin Andrews Real Estate manage it.

Investment where YOU are in control of YOUR OWN MONEY.

Sounds good!

No Financial Planners… just investment in property which YOU choose and which YOU manage yourself or through an agent.

As one said to me this week, “I own a part of several properties which I am proud of”.

Possibly, your units in the syndicate may be your Self-Managed Superannuation Fund. Your ultimate tax will be very low… but talk to your advisor… our part is to sell and manage your property.

STATE OF THE MARKET
RESIDENTIAL REAL ESTATE

Deidre Wood, working out of our Salisbury Office, is selling residential property as if there was going to be a shortage.

Some investment groups have apparently nominated Adelaide’s Northern Suburbs as a place for a future boom.

Big blocks of land for future re-development and rents disproportionately high for the capital sums involved, has triggered this demand.

Too many times I have seen interstate people buy our real estate because they compare our prices with those being achieved interstate, and they cannot believe their good fortune.

A little later they will sell, as our prices are being forced-up by their activity, and our own people wake-up and ask, “How did that happen”?

Anyway… whatever the reason, our sales activity in residential property is running hot. Vacancies in the outer suburbs are low, but vacancies in the inner-suburbs are temporarily higher than normal. This will change as intellectuals begin moving-back to South Australia to meet the high-tech demands being created.
Some people are selling their rental properties as they see sales becoming more buoyant.

We suggest that care be taken lest you sell too soon.

WHAT MARKET ARE YOU IN?

“What is your core product”, is a question often asked by potential new clients. Our core product is property. For 49 years it has been property!

Yes, we have a designated team of specialists in Commercial Sales and Leasing, a dedicated team in Commercial Management, a dedicated team in Residential Management and a dedicated team in Residential Sales. We also have a dedicated team in the design and development of Commercial Property… so you may rent or buy NEW property and not ‘Old and Tired’.

BMW have multiple products, CMI have their motor car and truck divisions, in addition to Lexus and Mercedes Benz sister companies.

At Lin Andrews Real Estate our core product is property. Owners, Tenants, Investors, Owner-occupiers needing a place to live or a place to run your business… we are dedicated to you! Always have been and always will be!

Talk to us if we can assist you with your Real Estate needs!!!

 

 

 

 

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