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

Residential

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

The month of May is already upon us!

The end of Autumn is rapidly approaching… as is the end of the Financial Year.

When I was a child the days dragged-by very slowly… the boredom of school… remote country living… the repetitious work-a-day week… seemed to stretch each monotonous day.

Recent years have released exciting new knowledge… and new activities.

There is never enough time to respond to the excitement around us!

Days – months – seasons, all crowd upon us… and time slips-by so very quickly.

There is a huge risk that in this amazing and fast paced era of excitement…  we may miss something which is VERY important… and so this monthly newsletter attempts a brief pause… and a consideration of some matters which we regard as important.

Prosper and be in health as your soul prospers” … is the way that one first century writer explained his priorities. These three may well apply to us in our 21st Century.

SUSTAINABILITY
The sustainability of an organisation is dependent upon many factors!

The recruitment of staff and the development & empowerment of each staff member for the longer term… is amongst the most important activities of our Board and its Executive.

During the 47 years since our inception, we have concentrated on staff and customers.

When these two groups are satisfied… then we have achieved a measure of success in our own careers.

This month I would like to share with you some of the recent achievements of people who are a part of the Lin Andrews team.

Promoted on the field and at work

Lou Whitelock is a graduate of UniSA with a degree in property.

He joined Lin Andrews Real Estate as a Company Cadet… circa three years ago.

During this time, he has performed with outstanding success in several of our Commercial Property Departments including Contracts Administration, Commercial Management, Commercial Leasing and Commercial Sales.

Lou has now been promoted to a permanent position of “Executive – Commercial Property”.

The very same week in which this promotion was endowed upon him, Lou was appointed Captain of the Goodwood Football Club.

What a wonderful coincidence for Lou to celebrate two promotions within the same week.

Lou embodies our corporate ideals!

A good base degree, a corporate achiever within our organisation… PLUS a great leader in his chosen sport.

Lou…. We HONOUR YOU… and we know that many of our clients join with us in wishing you, ongoing success… on and off the field.

New Australian Citizens

Danny Dalton is Senior Residential Manager and Celeste Dalton is Branch Administrator at our Smithfield & Munno Para Office.

These two-wonderful people migrated from South Africa several years ago with the express purpose of assisting in the development of the Lin Andrews Offices in both Port Adelaide and in Smithfield/Munno Para.
Both locations had special needs associated with the diversity of cultures being assimilated into these communities.

Danny and Celeste have provided a high degree of stability as tenants from many nations assimilate into Australian (Western) Society.

There is often a delicate balancing act between Landlords who do not understand the diversity of people living in the suburb where they have invested … and the needs of their tenants.

It was a thrill to be present with Danny & Celeste and their children and grandchildren, as they took their Oath of Allegiance and became citizens of Australia.

Congratulations… you are great contributors to our Nation… to Lin Andrews Property Group… and to the clients whom we serve.

END OF FINANCIAL YEAR 2017


It seems only yesterday that we were writing on this subject… and yet here we go again.

The fact is that property provides outstanding opportunities for income tax flexibility… even privileges.

Property combined with investment vehicles such as Property Trusts, Family Discretionary Trusts, Self-Managed Superannuation Funds etc. create a variety of options for tax minimisation programs… as is evidenced by the disproportionate amount of real estate owned or controlled by Federal Politicians and others of influence.

Ordinary people may have the same privileges as the elite… and may look to their example as they exploit their investment knowledge.

The subject is far too large to be dealt with conclusively in this newsletter…  but the point is that there ARE opportunities for all of us… to do better in the arrangement of our financial affairs.

These IMPORTANT matters must be initiated by us… no-one else will do this for us.

If we do not become pro-active in the management of our own affairs, we will simply pay more tax than we otherwise may.

Some areas of interest may include the following:

1. Negative Gearing
The annual loss of owning an investment property (including interest payments), becomes a tax deduction in that year. The long-term benefit is achieved when the property is sold… often some years later for a significant Capital Gain which is tax advantaged.

2. Capital Gains
Capital Gains Tax is at 50% of your regular tax rate. In other words, you only pay tax on 50% of the capital profit. (Note: This benefit does not apply to companies).

3. Flexibility as to year in which taxable profit (or loss) is created

YOU choose the year in which you sell… For PROFIT or for LOSS.

REMEMBER:  Profit or loss occurs at the date the contract is executed… NOT at settlement.

4. Immediate Tax Deductions
Maintenance is often a tax deduction in the year of expenditure… replacement of capital items becomes a tax deduction spread over several years.

The disposal of a capital item which has not yet been fully written-down may provide a tax deduction immediately, if it is dumped or otherwise disposed of.

5. Payments to Self-Managed Superannuation Funds
Many people do not top-up their superannuation payments but depend only upon the employer’s contribution. Check with your Accountant. Payments into SMSF’s (within limits) are taxed at 15 cents in the year of contribution, but may in later years be paid back to you as a tax-free pension.

Take advice!

Lin Andrews Real Estate has many clients who own Commercial Property in their Superannuation Funds … and are taxed at only 15 cents in the dollar on their rental income and 10 cents in the dollar on any future capital gain.

This is a big subject but now is the time to take advice and shift some of your money into maintenance, maybe invest extra into superannuation or even sell a property and enjoy some extra cash flow for alternate investment.

STATE OF THE MARKET
Over-all our market is good… Contrary to the experiences of many within our industry, we are still enjoying good levels of sales across the board.

Residential and Commercial Sales are good… provided vendors are wise in their price expectations.

We have a deep conviction that money finds its way into South Australia when investors have had enough of the fear factor relative to bubbles bursting in Sydney and Melbourne.

South Australia is a very safe place to invest… given its historic caution in everything that affects the lives of people.

We do not have “bubbles” in the same way as other States and Territories. The SME Market sector in which we function is always relatively stable… one of the safest places in the world in which to invest.

There are great investment opportunities in this market and wise people from all-over, get to recognise this as they search the world for a safe investment haven.

Development Frustrations… Developers have many complaints about the time taken to get Development Approvals (DA Approvals) and the extremely high costs of power supply to a development site. These delays and costs are off-putting to developers of Commercial and Industrial property and will diminish the supply of new Commercial & Industrial buildings as existing vacancies ultimately diminish.

Government red-tape and price-gauging by the State Government and the suppliers of electricity and its local infrastructure will one day be corrected… even if it takes a change of government to achieve it… but this newsletter attempts to be A-Political as each must make-up their own minds as to the complexity of Government and its management.

Leasing of Residential Property is still slow… and will continue to be so, until there is migration back into Adelaide to meet newly emerging economic demands.

Commercial Leasing is moderate … Many small & medium size businesses are doing well and are constantly taking-on new leases… BUT on their own terms. Leases are kept at a lower level than was the case some years ago and most have a rent-free period as Landlords share the cost of tenants establishing in a new location.

Summary… There are almost 1,100,000 people in Greater Metropolitan Adelaide and 1,550,000 people across our State.

Most are working and enjoying their careers…. And spending their money in the way which provides for their greatest satisfaction.

There are huge opportunities on the horizon for South Australia… and we are grateful to be a part of this all happening!

Our business is GOOD… and yours will be also… provided you make it happen!

Have a great month until we write again!

 

       

   

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