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

THEME – COLOURS OF WINTER

Welcome to our August edition of the Lin Andrews Real Estate Newsletter.

I would like to open with my usual commentary on the season through which we are passing.

There is often a high correlation between the chronological season and the economic season. A wise person may pause and take note of the similarities and the lessons to be learned.

Even our own life cycles are relative to the changing weather patterns, which we experience on a day to day basis. Our attitude toward life and our responses to the varying situations which impact our lives, may be determined by our responses to the changing seasons.

June , July and August are our winter months.

Some complain of the cold, others of the longer hours of darkness in each day. Others complain of the trees which look stark against dark grey skies… or lifeless against others which do not shed their leaves.

Personally I love every season of life!

Every season…. Every age… is the best season and the best age!

During the winter months I love to collect photographs of that which is colourful… that which attracts my attention when the garden surrounding it may appear to be unkept… windblown and unloved.

Then there are the citrus trees which choose to provide their colourful sweet fruit when apricots and stone fruit trees look barren and bare.

I have photographed some cheeky roses which are adding garden colour, when they are not meant to be so beautiful at this time of the year. Cheeky… because they are out of season.

And then there are amazing sunsets and the occasional rainbow.

Parlour games have been replaced by “screen time” for kids, but the winter is still a great time to rug-up with warm woollies and enjoy watching the winter sports.

I guess this means the colours of winter must include the colours of your favourite teams.

To avoid bias I have included the colours of both South Australian AFL teams in this newsletter.

Eddie Betts is one man who brings miracles alive periodically… and gives us something to aspire to. The other guys may be bigger and younger… but if there is a miracle to be found, then Eddie will find it.

A great encourager!

And so what has all of this to do with property… with life?

Search your heart and find that which is colourful and growing in your innermost being. Blossom where you are planted, rather than complain and talk about what you would do if the circumstances of your life were different.

Live, love and be loved… Let your light shine as an encourager to others around you. Fun in the winter of your circumstances.

CHANGING SEASONS FOR PROPERTY OWNERS AND TENANTS
RESIDENTIAL RENTS

I had the privilege of reviewing some field activity with one of our residential property managers during this past week.

My question, “Helinka, we are very glad to have you as a part of our company, how is it going out there in the field… what is happening to rents?”

Reply, “Rents are going-up and people are preferring to stay put, rather than to leave”.She continued, “The last three reviews I have just completed, had their rent increased by 10%… there are not enough rental properties out-there to meet the need!”

In this monthly newsletter we have been repetitiously warning that government interference with free-market principles, will cause investors to flee. Well… some have done this and the result is rising rents on residential property… at least in our property portfolios.

If the South Australian Government thinks it can increase the operating costs of landlords by increasing land tax, they will have a rude awakening. Landlords will enjoy a greater rent because some investors will flee the market… take their money somewhere else or just spend it. Landlords who remain will recoup their costs against tenants until there is a reasonable level of profitability.

However… the news this month is… Residential rents have begun to rise and a pricing correction has begun. People will be buying that extra rental property… irrespective of whose name is on the title.

GOOD NEWS FOR HOME BUYERS

Interest rates keep falling. Banks lending policies are less stringent. They are being encouraged by all authorities above them to get their money out into “safe” affordable mortgages.

Tenants must examine every possibility of raising a deposit and buying their own family home.
The changing seasons of property are proving beneficial for landlords and (transitioning) tenants alike. It is good!

Tough examination of the proposed land-tax legislation WILL sought itself out. In our democratic society there is no room for imbalance. There is no room for tax systems being rorted… by either the government imposing the tax or the tax-payer.

We are so convinced of the growth in residential activity in South Australia that we have employed a new Residential Business Development Manager at our Head Office.

Nathan Gherghetta has had a lifetime in Residential Real Estate. He is a true professional in residential property whether it be property occupied by the owner or property as a form of long term investment.

COMMERCIAL PROPERTY

Commercial Property is amongst the most exciting of my own personal investments.

We are experiencing strong enquiry from interstate buyers and tenants who believe the South Australian Marketplace is moving ahead with a new confidence.

This past month, Claire Britain of our Salisbury Office leased 6 commercial properties to 6 different organisations in one week.

If South Australians in business are reticent, those coming from across our borders do not show the same constraints.

This month we employed an additional Sales & Leasing Consultant to work with our Northern Commercial Team at our Salisbury Office.

Grace Centofanti has had a life-time in property. She has joined our organisation to continue our tradition of “world best practice” in meeting the needs of those who choose to update their business premises in this exciting part of South Australia.

Some clients simply invest in property, others invest in their business, and become excellent tenants for the investor group. Each of us contributes to the economic well-being of the other.

CLIENT SUCCESS STORY

At 18 – 20 Charlotte Street, Smithfield, there is a new group of small “Tradies Sheds”, purpose built for small business operators who become something of a small business Community.

Adelaide Independent Fire Equipment were one of the first tenants in this property and have a right to purchase within a designated time. This is an option which the developers provide to help lessee’s determine their own future as their business grows.

Shivonae Kotze phone 0404 893 301, is one of the founders of the firm with her husband Daniel and her two sons.

Shivonae told me, “Since moving into these new premises I have had an average of five additional client contacts every day. This place has put us on the map”.

 

I walked down to the other newly leased tenancy – a gymnasium and was told by the new lessee that his client base is way ahead of where he expected it to be.

I love to tell stories of people succeeding.

If you know some-one who needs small commercial or industrial accommodation at prices commencing at $300 per week inclusive of outgoings (but exclusive of GST), speak to one of our Consultants, or contact the writer direct and tell me your “Success Story”… or what you are hoping to achieve.

LESSON FOR THE MONTH

There is a very old piece of instruction which declares, “Faith without works is dead”.

Interpreted for investors and business people it means, “Talking about dreams will achieve nothing unless you actually do it”.

How will you ever grow a property portfolio if you do not take the first step and BUY ONE. You will then have significantly more confidence to buy another… and another… until you suddenly realise how successful you have become.

Until then… Have a great month with those who make your life worth living!

 

 

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