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

The very first day of a wonderful new Financial Year!

Excitement and wonderment beats through the chest of every single one of us, planning to exprience something better than what has been experienced the previous year.

The objective of this Real Estate Newsletter is to inform and encourage clients as to wise new investment, management updates and investment property news.


CURRENT OVERVIEW OF THE SOUTH AUSTRALIAN MARKET

South Australia is the ONLY Mainland State or Territory which continues to have rising house prices.

This is very good for our long term investors as we did NOT see the massive lift in prices experienced by NSW and VIC previously. There is always a balancing act following massive growth from any of our competitive markets. These are now taking their profits… and are upset that profits are diminishing weekly in response to falling prices.

We are now seeing the initial build-up of South Australian prices rising in response to demand.

Our prices ARE rising and demand for South Australian homes is RISING.

Commercial Property is highly active as investors seek secure havens for their money. Growth business is constantly seeking new opportunities to accommodate this growth.

PLACES OF INTEREST
COOBER PEDY REGIONAL OFFICE FIELD VISIT FOR QA PURPOSES

Fifty years ago next April, is the official starting date for the Lin Andrews Group of Companies.

This time has gone so very quickly and we doubtless will share some of our experiences in this newsletter in the coming months, but would like to start with some comments of interest which may benefit our current readers.

We are a very diverse group, specialising in many sectors of the property industry.

One of our interests is maintaining a real estate office in Coober Pedy, in the far north of South Australia.

It grew out of a seminar weekend in 1995, where I was the visiting speaker. There was a subsequent call for assistance in getting some Coober Pedy Property sold, to facilitate some owners returning to live in Adelaide. It sadly involved a divorce settlement and the slow sales activity was increasing the pain of the situation.

The sale of three “Dug-outs” was achieved within a few weeks, when a local Agent had been trying for many months to finalise this divorce settlement.

This success lead to a small office being opened by Warren Andrews, in partnership with Lin Andrews Real Estate. Time passed and Warren Andrews separated from this company. The Coober Pedy Office became a wholly-owned division of Lin Andrews Property Group.

The Coober Pedy Office has outstanding Staff who hold Diploma’s in Management (Property), awarded by the Real Estate College in Adelaide.

These members of staff provide excellent service in their distant Regional Office and get away four times a year for R & R leave.

Mark and Carina Andrews annually drive to this Office and spend a fortnight working directly with our clients and performing Quality Audits on our records and services performed.

The Lin Andrews Office has almost 100 properties for sale in Coober Pedy and almost 200 properties under management.

At Head Office we are very proud of the contribution that our Coober Pedy Office has made to its local community.

FROM COUNTRY TO CITY

97 PIRIE STREET, ADELAIDE

Ten years ago we were asked by a wonderful entrepreneurial client to sell seven levels of a building situated at 97 Pirie Street, in the City of Adelaide.

He had negotiated the purchase of the building with a settlement date six months-out. With Lin Andrews as his Agent, he gave right of access for the purposes of selling the property prior to settlement, if possible.

If not sold within that time frame then it would settle and appropriate loan agreements were put into place.

This is a story-book example of true entrepreneurship. A building purchased with limited capital. Profits made through the vision of the entrepreneur, putting the deal together and appointing an Agent possessing competency to sell and settle the building to third-party purchasers within the settlement time frame.

We did a very good job, in that we sold all Units (two per floor) within the six month time frame and have continued to manage some of those leased areas ever since.

During the ten years, the economy has changed and one of the floors which has been blessed with the same tenant for around fifteen years, is now vacating.

The floor area becoming vacant is around 800 square metres and this is occurring as new buildings are becoming available with all sorts of incentives being offered to attract new tenants into new buildings.

When we sell a property to an investor, we ask him/her not to put too much weight on the value of the lease, but to look at the innate qualities of the building, which will make it easy to lease in the event that a lease is terminated for any reason.


LOCATION – LOCATION – LOCATION

The top-end of Pirie Street has a couple of huge advantages which were noted at the time of purchase.

Pirie Street is close to Rundle Mall with great shopping for staff AND close to those thousands who come to Adelaide daily and need to do business other than shopping.

Staff satisfaction AND proximity to clients.

The tram travels from the Train Station down King William Street, with no charge for clients being serviced along this central office route.

People from the Outer Suburbs are able to work in the city with comfortable and low cost transport.

We discovered that Adelaide is still a city of small and independent business’ and professional people.

When we started to advertise to replace the existing tenant we had immediate positive responses when we talked around 250 square metres.

Already we have leased a good part of the 800 square metre space and the lessee has not vacated at time of writing.

Consider the facts in this story. What does it mean when we say POSITION – POSITION – POSITION?

Location or position… know what the words really mean… and will they stand the test of time?

NORWOOD PARADE LEASED
GOOD LUCK… OR… GOOD MARKETING?

Situated at the top of Norwood Parade is a building (see pic.) which has been looking for a tenant for a long time.

It had previously been marketed internationally by an international agent, but nothing seemed to work.

Lin Andrews Real Estate were ultimately appointed to take-over the task of finding an appropriate lessee and this proved very difficult… until NOW.

We are very pleased to announce the property has been signed for a long term tenancy to an international firm head-quartered in London.

What a thrill!

By mid-July you will be able to visit and see who it was that saw beauty and elegance in this small part of South Australia.

Thank you to the Lin Andrews Staff and particularly Karen Andrews and Lou Whitlock for their unceasing efforts in achieving this outcome.

RESIDENTIAL MANAGEMENT COMMENT

I had a visit from Kirrily Loring who manages our Residential Management Division of Lin Andrews Real Estate.

Kirrily positioned herself in one of my big comfortable visitor’s chairs, and was looking like the cat that had just eaten the canary.

She announced that this month, several of her old Commercial Clients had phoned to see if Lin Andrews still managed residential property.

She told them “Of course we do… It is one of our largest departments.”

I (personally) tend to write more about Commercial than Residential because my own portfolio in older age has become biased toward commercial and it’s higher rentals.

Kirrily asked me to write to all Commercial Property Owners, telling them that she manages a great department, which manages nothing other than Residential Property. I am being obedient and passing on the sentiments of Kirrily.

Kirrily has advised that a number of her past business clients have tracked her down because they trusted her with the management of their properties in the past and now need her services for the special care of homes being vacated by ‘oldies’ shifting into aged care facilities, but not yet wanting to part with the family home.

Our message is to all property owners, that our residential management department provides superior and trust-worthy service whether a property is being managed long term or for a shorter period until the family has overcome their sentimental attachment to the property.

My own mother spent 10 years at Resthaven but we kept her home and she visited her roses regularly and was pleased that a young family were occupying her home until ‘the doctors said she was well enough to return and care for the home herself’

A nice way to deal with the difficult situation of our mums and dads having to go to a place where they are content but not totally happy.

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