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

WELCOME

Good Morning and welcome to our November edition of Lin Andrews Real Estate Newsletter.

This is the Spring Season and the colour of our gardens and surroundings, fills us all with excitement and life.

No one is immune to the life-forces of longer daylight hours with summer warmth mingled with cold and chilly days reminding us of winter passed.

A huge number of birthday and other celebrations seem to be a part of this time of the year, and old acquaintances are renewed to share life celebrations ahead. Enjoy… Every season is created for enjoyment and forms an essential part of our very existence.

Love – Live and Share today!!

SALESMAN OF THE MONTH

We are pleased to announce that our top salesperson for our latest month of statistical availability was Graham Rogers.

We are pleased to announce that our top salesperson for our latest month of statistical availability was Graham Rogers.

Graham has been with the company for around twenty years with a break in the middle when he worked for a competitor for a period.

He achieved outstanding figures due to the sale of a property with which he had persevered for many months. Ultimately through perseverance and the unusual use of Vendor Finance a deal was struck for the benefit of each party.

It is unusual to use vendor finance in today’s market but sometimes the banks need a little time to re-evaluate and during this period a vendor may well achieve a responsible interest rate whilst at the same time creating a sale which may not otherwise occur.

Feel free to talk to Graham if you have a property which could do with an alternate approach in achieving a sale.


THE OUTWORKING OF GREAT SYSTEMS AND PEOPLE

The three properties shown above are situated on Commercial Road Salisbury.

They are being offered for sale by “Expressions of Interest”.

Prospective Purchasers may register an interest in each property individually or for the three properties together if that is your investor profile.

Our own Lin Andrews Salisbury Office is situated a few hundred metres along the same stretch of road and is an extremely popular investment location.

These three properties have been entrusted to our care because the vendor believes in our integrity to achieve the correct price for these properties given current market conditions.

Two of our outstanding female representatives have listed these for sale and will achieve an outcome which both vendor and purchaser will be pleased with.

I have included the photographs of these ladies – Claire Britton and Grace Centofanti – below, in case you want to contact them and talk about your Commercial Property investments.

They will answer all of your questions.

ENCOURAGEMENT – A BRAG

Lin Andrews Real Estate is one of the few real estate companies in South Australia which has ISO 9001 Accreditation for its five principle functions and services.

These red and white ticks of assurance provide an international recognition as to the quality of service provided by this company.

We seldom talk about this accreditation which we have enjoyed for around three decades and is the subject of significant annual cost, as systems are maintained, studied, and upgraded to “world best practice.”

The quotation below is a small extract which I have taken from the most recent audit report. It says a lot about our company and its staff.
“The unique business model of LARE ensures that the company’s stated objectives are consistently met, with more than ‘lip service’ being payed to Quality Assurance through processes and procedures.

A paradigm of being a most professionally balanced and sustainable business.

You can’t swim against the tide; you can manage the flow and go with the tide and absorb the energy, but it may take you in a different direction.

All who work at LARE genuinely strive to achieve the LARE Vision.

This is a distinctive feature of the LARE group and considered a competitive advantage.

The structure of LARE is soundly organized with specialist teams providing exceptional service, supported and backed by comprehensive administration, training & resources”.

This summary by an independent auditor provides confidence that this fifty year old group of companies will continue to serve its communities (hopefully) for generations to come.

EASTERN STATE’S MONEY FLOWS TO S.A.

There has been an increase in sales to investors living in the Eastern States. There is lively conjecture that people in those States may have finally awakened to the fact that they may not get much of a price hike in the months to come, and are buying in South Australia, where demand is growing.

For a long time, this monthly newsletter has been suggesting that prices are about to rise in South Australia, as special trades and professions are recruited to fill the jobs in defence and other new and high tech industries.

Investors in both residential and commercial real estate have been active in South Australia during recent months.

RESIDENTIAL MARKET REPORT

Deidre has been with this company in the north for circa a decade.

During the past week Deidre has sold a property for an amount in excess of one million dollars at 119 Precolumb Road, One Tree Hill. This is a new record for this area and a new record for a single sale for Deidre.

We congratulate Deidre and believe prices in South Australia are rising. You are encouraged to discuss this subject with our Sales Consultants if you would like to take advantage of rising prices.

Nathan cares for residential sales from our Head Office at Mile End. On a Saturday morning just two weeks ago, Nathan took two residential properties to sale by Auction. Both Auctions were well attended and sold significantly above the reserve price.

Some will say the reserve must have been too low, but the prices reflected actual property sales in the area.

Nathan and his assistants believe the market has turned in South Australia and we must be ready for a ‘market boom’ in residential sales.

BOOM NOT ONLY IN RESIDENTIAL BUT IN COMMERCIAL ALSO
78 Woomera Avenue, Edinburgh

 

The picture above shows our latest group of eight Tradies Sheds in a new Industrial Park adjacent to Salisbury. At point of writing all eight Tradies Sheds are sold based on various conditions of sale which we expect to be met. There are two available for lease with the remaining six leased or owner occupied.

Maybe one of the eight may come back on the market due to conditions of contract and if you are interested in registering your interest then this is worth doing.

We are amazed and pleasantly surprised at the activity in South Australia in regard to small business. If these current trends translate into further activity then South Australia is entering a boom time which we have not seen for a long time.

Grab an investment while you can… and if you are selling your property, sell now whilst everyone is feeling good.

LAND TAX – SAGA ONGOING

“Necessity never made a good deal”

Consecutive Governments in South Australia have known that our Land Tax regime needed an overhaul. We are simply not competitive on the national market for large property investors.

No Government was prepared to attempt a change which is complex and may upset local people and groups who are entrenched in the property industry.

“Necessity never made a good deal,” but the State Government, faced with a huge GST Tax shortfall, decided this was a necessity which warranted extra risk, and applied “on the run” policy.

This act further lowered revenue as people, in fear, diminished their property investment activities. Some have decided to sell and avoid further investment in South Australian property.

This also is a poor decision – based on temporary low confidence.

South Australia will become a better place in which to invest, when all of the new “rules” are established and understood.

Irrespective of “fine print” still to come, there are some basic facts of which we may be certain.

  1. Very large investors will have a huge tax reduction – Down from 3.7% to 2.4% and even 2.0% dependent upon the value of land held.This will attract larger investors. The “top end wins”… and we need them!
  2. Small investors will win as the non-tax threshold is being raised -This will have appeal to “mum & dad” investors who will be able to build a small investment portfolio of property with care and advice – with little or no tax pain.Land value and ownership advice will be important… So are their votes.
  3. The tax shortfall will be met – As the result of consultation with those who have been able to constructively contribute to the problem.

Small and Medium sized businesses in Australia employ circa 90% of all employees. There will be new taxes for this group to manage, but we employers have chosen to be the back-bone of society and with encouragement and support from staff and other stake-holders, we will continue to contribute and meet societies expectations.

 

 

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