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

AUTUMN IS MY FAVOURITE SEASON.

I have to confess that Autumn is my favourite season. It has weather which is all over the place. Hot one day and cold the next. Sunshine and rain, both in the same week. Evenings warm and balmy, and the next night, warm woollies and heaters turned-on. The remnants of the summer refusing to let go, and yet the cold fingers of winter stretching forward; enticing us into the cold and rainy season ahead.

I really love Autumn… Coloured leaves surrendering to the cold and wind… blocking our drains and congregating on our paths and lawns… but enough about personal life-style preferences. Just enjoy! There is only one month of Autumn ahead… and then we start a whole new season.

TAXING SEASON AHEAD

During the month of April the ATO (Australian Tax Office) had a bit of adverse publicity which appears to have been quickly quelled by the authorities. The facts were first-hand experiences and undeniable. Many were disappointed in our ATO.

AT LARE we have always expounded the privilege of paying an honest tax. Proudly we have held out the security, stability and safety of this great nation. This takes money, which comes from those of us who enjoy the privileges of living in Australia and having the opportunity to contribute to our Gross National Product (GNP)… and paying some of it to the Government. This attitude assumes a “value system” of Government and its employees, being in alignment with those of its constituents, which some staff of the ATO may not.

On the 30th June we again come to the end of another Financial Year when we rule-off at a point in time and submit our tax returns.

An “honest tax” means a tax based upon our correct assessment of taxable income.

As a property owner you are in “the business of property ownership”. You have privileges as to what you may deduct from your gross revenue… your rent. It is wise for you to talk to your accountant NOW as to what you may do to minimise your tax payable on this year’s tax return.

Different people and entities are taxed at different tax rates. You are well advised to talk to your accountant concerning your “ownership structure”. Too big a subject for one newsletter, but remember how the leaves flutter to the ground during Autumn. The tree preparing for winter.

Be wise and seek professional advise NOW before the tax season arrives, with its full force, and you missed your opportunity.

REAL ESTATE… THE REASON FOR OUR BEING!

Real Estate Management – the reason we still have the life-style photos on our mast-head. A gentle reminder that life should not be just about work… but time taken to enjoy some of the fruits of our labour.

We are enjoying gentle growth in the numbers of properties managed by this company.

Property Management is a profession in its own right! People who try to care for a property themselves, ultimately become slaves to their property. Instead of a sense of satisfaction in property ownership, the worries of day to day problems may cause people to sell and invest their money in a different asset… or sadly dissipate the capital which they have been able to amass, through long term property ownership.

When properties are managed professionally by this company, much of the worry ceases. The owner  has time and mental freedom, to have coffee with someone he/she cares about, to visit the country or even take a cruise.
We used to have photographs of “golden oldies” enjoying retirement, but property investment is much more than that. Property investment may provide a better way of living now… not only in the future. So if you know some-one who is so bonded to their property, that they have become slaves to it… send them along to this company and talk to a property manager about “stress relief”. Of course sometimes that MAY involve selling, but many times that is not the best option.

Weigh the options!

At LARE we do both sales and management very well… but our choice generally is for you to retain your asset… so let us find a way to remove the worry.

OLD TIME MANAGEMENT PRACTICES

During the month of April, the Royal Commission into Banking revealed some unconscionable conduct of the banks.

Recently on ABC television, the discussion was on the heart-ache, caused by banks who have given poor advise and cost innocent investors their life savings. A particular comment caught my attention. “There is no longer relationship. In past years a bank manager was a part of the community. He seldom got shifted and you could visit him and remind him as to what he had said. He was always as good as his word”. This was my memory of bankers, accountants and lawyers. It was these fundamentals of society that caused me to choose accounting as a profession and later to merge this with real-estate practice.

Trust and consistency was the order of the day… and it still is in our organisation. An old proverb would be quoted, “A good name is to be valued above gold or precious stones”. Those were the days when a man would, “Give you the shirt off his back if you needed it”.

Sadly, many in business appear to have lost this, “code of honour”. But it has not been lost everywhere! Another old proverb which I paraphrase says, “If your product does not meet the needs of your client, then tell him, so that he is released to find the product which will best suit his needs”.

To permit our family business to have a culture of integrity by all staff, now and into the future, about 20 years ago, we installed a comprehensive ISO 9001 Quality Assurance System. It cost a lot of money then, and it costs even more to maintain today, as we prepare for annual external audits as to systems, client satisfaction, internal values and the like. The cost is daily assessing and correcting by a mature person whom we can trust.

 

Managing these important issues from inside the company is Carina Andrews. Carina joined this company 23 years ago and much later married into our family. She had time off as each of her two children were born, and now balances family life with the important job of Quality Assurance Manager. This job takes her to the front-line of our business. She reports directly to our Board!

Years of internal experience, external studies and a corporate “values” base, ensure those old fashioned values will be accepted and applied within this family-based business. Carina recently was appointed an Associate Director of this company. We publicly congratulate her as she fulfils her part of a greater plan to provide service and integrity, as we practice sustainable, values-based, management for the future.

If there is something which has slipped through our system and you would like to tell us about it, please contact Carina at carina.andrews@linandrews.com.au or phone her on 8234 1212.

SOUTH AUSTRALIA – IT WILL HAPPEN

23/04/2018 ABC Breakfast Show, Chris Richardson – Deloitte Economics, made these statements.

“Of all the States, South Australia is doing the best”.

“Despite the closing of Holden and all that, the lower Aussie Dollar and the activities within the State makes it the best performer”.

“South Australia is doing better than it realises”.

We at Lin Andrews Real Estate have believed this for some time. Our activity in sales and leasing property to SME’s, (Small, Medium Enterprises) has been quite outstanding for many months and is usually the fore-runner of better things to come.

There are a lot of problems which beggar belief, but deep-down that same fighting spirit which has permitted South Australian Business to rise and thrive is still alive and active.

The new Government will bring new energy and a review of vision. Business WILL thrive, and for those interested in property, there will slowly be a renewed stimulus.

Payroll tax diminution will certainly assist this company, as will the cancellation of Stamp Duty on Commercial Property, but a war on red tape is over-due… especially as it affects residential management and the development industry.
All of this said… and much more if we choose … we in South Australia should be investing in anticipation of a massive resurgence in Real Estate demand, as we attract people BACK to meet the growing demand for labour in the Defence Precinct. I.e. Port Adelaide, Salisbury and surround areas.

Remember that property returns are slow, long term, cyclical and certain!

MARKET REPORT

Generally the month of April was “steady as she goes”. Commercial sales were slower than usual but this is related to the previous Government initiative of wiping-out ALL Stamp Duty on Commercial Property as at 1st July 2018. Great initiative but a pause in the level of activity.

I personally would never lose the investment property of my choice over some initial cost, but it appears that many would. Vendors are also holding-back from putting their properties on the market until this date has passed.

Residential Sales are still very strong but there are too few properties to meet the market in some areas and listings are scarce.

Residential Rentals are a very “mixed bag”. Some areas have insufficient properties available. Very few vacancies, but others areas have above average vacancies and these can often be traced-to people leaving the State for employment reasons.

Please read the Chris Richardson comments again… We believe he has it right and we are preparing for a boom-time.

This month I would like to honour Graham Rogers, who has been with this company for circa 20 years. His specialty is Commercial sales & Leasing. He is an outstanding producer in meeting the needs of LARE clients. This week he showed me an unsolicited letter of commendation from a new client.

It said amongst other things, “I am new to the market and contacted several commercial agents. I advise that you were the only one who showed real interest in my needs or demonstrated any professionalism. Many Thanks”.

I realised that I may take Graham’s amazing monthly performance for granted. With this client who cared-enough to write… I too would like to say thanks to Graham for his years of service and client care.

 

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