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

GOOD MORNING!

We are one month into the single, most busy time of the year for the Property Industry.

Mid October to mid December seem to inspire a level of activity, which is only matched by the June leading to the end of the financial year.

October, November and late December lead into the Christmas and New Year close-down. It is always a period of focus in both Commercial as well as residential property… High activity.

We feel good! Our focus is positive! Action is all around us!

People and events determine our agenda’s.

The impact of end-of-year school activities, interstate work transfers, festive season disruptions which sometimes impact families forever. All impact our priorities.

Commercial activity builds to a crescendo, as some businesses achieve a large portion of their annual turn-over during these months.

The year-end activity of Lin Andrews Real Estate and its associated companies is not immune to these market forces.

MARKET OBSERVATIONS

There is a lot of sales activity in both residential and commercial property!

We are meeting a lot more retirees than during the colder months!

 


Perhaps it is the warmer months, but also the large number of birthday celebrations during September and October periods, which is causing people to think about their future.

Whatever the reason there are a lot of people who have owned property for decades, but are now contacting us to sell or invest in such a way that life imposes less worries.

COMMERCIAL PROPERTY

Vendors of commercial property are looking to take their long-term capital gains and invest in Commercial Property which is more modern or has a greater number of tenants. A more secure income!

Dealing with the portfolio of Commercial investors is much easier as stamp duty on transfers have fallen by 66.6% during the past two years.

Other people want security of income through property which may be managed by a managing agent at low cost.

Some prefer to own several low cost modern properties with existing happy tenants, than to own one expensive property with one tenant only.

Security in retirement is very important!

 

RESIDENTIAL PROPERTY

We have spoken with a lot of retirees who are concerned as to maintenance needs of their own home.

To sell a private home with damage is very costly.

Stamp Duty payable on the replacement home is a huge obstacle. These are also costs of the removal and establishing a new home.

First home buyers have priveledges and people buying apartments in certain areas enjoy financial stimulants, but those wanting to buy a replacement home with less maintenance and a smaller allotment often become discouraged.

These home loving seniors will often pay on-going maintenance and stay-on in the family home because it is all too hard.

Sadly, we are meeting people who have deferred maintenance for too long. Their maintenance costs are now prohibitive and their opportunities diminished.

Our business benefits people from every walk of life. We invest a lot of time trying to find solutions for problems with roots going back before employer funded superannuation.

Affordability in retirement is a problem!

 

PRINCIPLES RE-VISITED

Capital Gains
Property mostly goes up in price with the passing of time. Some older vendors are amazed at the current value of their properties.

Planning laws
Extremes in price changes may occur in the event of changed zoning for land use.

a. This month we experienced a small piece of land which had been rezoned many years ago from light industrial to retail/residential mixed usage. We estimate its rise to be from a very small price to something in the order of $1,750,000. Favourable zoning dramatically changed the value of this property and its neighbours over many years.

 


b. Alternately this month, we saw the effect of land rezoned from residential to light industry. What would have been a large parcel of land filled with small homes, now became a site to accommodate a few ware-houses worth a fraction of the former value.

It also impacted the life-style of the owners living on the land.

Perform Due Diligence
If you invest in property, take time to understand what you own. Do not assume that some randomly appointed Joe, will represent you on Council in the way you would prefer.
Mostly property will make you a fortune as the years go-by, but this is not always the case.

Use A Property Manager You Trust
The management of property may be simple and “seamless” if you appoint the correct managing agent. Property is a long-term investment and you should appoint a managing agent who has stood the test of time.

Quality tenants, proper maintenance and your owner cheque on time every month.

PEOPLE & SYSTEMS = REWARDS

Love your property, employ those who love their job.

Property will almost always rise in value if it is cared-for… loved!

Some feel that they would like to buy investment property but are afraid as to their ability to manage it!

We encourage readers of this newsletter to talk to our representatives and our property managers direct.

You will see how much our people care about their jobs… which means the care of your property.

Warren Buffett is alleged to have said, “Do not do business based on price. Employ people who ‘love their work’”.

You will find our people love what they do… and they will want to help you succeed in what you do.

 


       

   

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