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

WHAT A GREAT START TO THE YEAR!

February already!

Kids at school after a very long summer break!

Many at work settling back into a steady grind.

Others are not sure what the year will hold. Still trying to find their feet with little momentum!

We see all of this because we interface with the domestic sector of real estate as well as the commercial and industrial sectors.

RESIDENTIAL RENTALS

Some of our property managers are extremely busy as students return to premises vacated before Christmas and hope to find similar accommodation to that which they vacated.

Others from country locations are doubling-up to share rental accommodation for their very first year away from home. Some will study hard and make the year work, others will play hard and return home later without having achieved their mission – most will succeed!

Summarising the residential rental market, it is very busy!

Some families trying to settle into Adelaide are having difficulty finding satisfactory accommodation.

I personally feel quite helpless when they enquire of me personally, as if I can produce a miracle for them.

My confidence in the advice we give to potential investors is re-assured.

“There is always a shortage of residential rental stock where people want to live, work and study.”

Buy an investment property and our people will ensure it is leased and well cared-for.

RESIDENTIAL SALES

Residential sales are doing well!

Stock is proving somewhat of a problem as vendors have increasingly higher expectations of price.

Competitors as usual are agreeing with vendors that if they wait, then they will achieve their expectations.

This is often the case and a little patience may achieve a higher price as market forces are outworked.

If you are planning to invest in residential property it is best to act NOW!

We believe Adelaide prices will continue to increase, and time will not make it any easier.

COMMERCIAL LEASING

A comment was overheard the other day,

“We made fair progress toward a return to commercial activity this week. We are one week closer to the election”.

Our run-up to Christmas saw an enormous amount of activity, yet the January period has been slower than normal.

It is not unusual to find business decisions a little slower at this time of the year.

We also have a diminished stock supply, given the heated market prior to Christmas.

If you are thinking of vacating your premises for any reason, it would be beneficial for you to contact our Commercial Sales & Leasing Department as early as possible. We are gearing-up for a very busy year in South Australia.

COMMERCIAL SALES

Investors from interstate have returned to the market in a big way.

Commercial property which is leased or has the potential to lease easily, is in high demand.

Investors do not appear to be as concerned as some lessees are about the coming election.

Small, mid-size and large properties are all in demand as investors look to “park” their money in a safe haven.

South Australia is as safe as may be found anywhere in the world.

Demand will continue to grow as our maritime defence projects get under way. We also are doing very well across our entire agricultural sector.

The demand which we have enjoyed these past eighteen months has been such that we are very satisfied with our prospects going into the future.

If in the management of your personal assets, you have commercial property which you feel should be sold, we would love to hear from you.

There appears to be an insatiable demand by SMSF’s and people who have created wealth through property investment in Sydney and Melbourne, but now want to shift cash into the South Australian economy.

This statement does not under-estimate the demands coming from the Chinese community.

SMALL PARCELS OF COMMERCIAL LAND

When I established this group of property companies back in 1970, we were developers of property.

As the years progressed we have assisted large numbers of people to invest for their investment and  long term retirement needs.

We manage a lot of property and continue to assist many who wonder just how they can begin to create a property portfolio.

Our development activities have always been there, but not a major part of our activities, largely because correctly priced and located commercial land is hard to find.

Lots of people have vacant land and they pay their rates and taxes each year hoping their land will one day rise in value – and it may!

It may also be better to put an end to these outlays and sell the land, invest in a building which gives a secure rate of return and enjoy cash-flow inwards instead of outwards.

A building on land which is owned by you will usually provide both cash-flow and long term capital gains… “have your cake and eat it too”.

Syndicates which form part of the Lin Andrews Group are in the market to buy development land right now.

If you respond to this appeal for land, the law protects you and assures a correct price is paid. I.e. A purchase will require the consent of the appropriate commissioner or it may be sold by Public Auction. However, we do not want cheap land – we want land correctly priced for the use to which it will be put.

You will need to contact the writer direct if you would like to discuss land for one of our associated companies to purchase.

Otherwise speak to any of our Commercial Property Consultants.

RECENT SALES OR LEASINGS OF INTEREST.

 

 

 

 

SALE BY EXPRESSIONS OF INTEREST

Usually an agent can give a very accurate assessment as to property values.

All property may be compared with similar properties sold in similar areas of recent date.

Commercial property may sell on a percentage return rate. I.e. An investor may require an 8% return on his money, given risk factors and the cost of money. Another may be satisfied with a 7% return which will increase the price of the property.

Vacant land will be priced at a rate per square metre.

Sometimes it is not possible to accurately determine the price of a property because of its special characteristics or outstanding appeal.

The owners may be reluctant to take the property to auction because they themselves are uncertain of their response to varying price levels, or simply, they are very private people who do not want stress.

To sell through a process known as “Expressions of Interest” permits a property to be marketed without a price and without the requirement that at the end of the process, the property must be sold. Indeed the owner may choose to then offer it at a price or even withdraw the property from sale.

Buyers also have that sense of privacy in being able to discuss the property and make an offer without too many prying eyes.

The property shown above (106 Ward Street, North Adelaide) was such a property – beautiful, well located, mixed use and much loved!

A process of “Expressions of Interest” meant a marketing program with intimacy and good taste.

Both Karen Andrews and Lou Whitelock provided great service to those expressing interest and although not sold at the conclusion of the process, the property was sold a few days later when a decision could be made in the “cool light of day”.

No stress!

If you have a property to sell and you require that special level of privacy in your marketing program then speak to one of our consultants.

GOODBYE

I love writing to our clients!

This has been a monthly process since the early 1980’s and there is always something to share.

I hope this brief market overview assists in the thrilling process of managing your various assets and resources.

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