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 AND WELCOME!

Another new financial year!
Opportunities!
Great to be alive!
New start!

What a finish we had to our “old year”!

We are all about property… and business… but please excuse me if I make a tiny-wee political comment or two. After-all, our political system has a lot to do with our prosperity as a nation, as a state… and as small businesses… which include those who are employed by small business.

Our clients are diverse and vote for a diversity of parties. My intention is not to offend, but to note some matters which seem admirable… and some decisions which are different to those which I would choose. My perception may be different to yours… but you are still my friend.

EDUCATION

This company is committed to education!

People recruited into our organisation must already have a tertiary qualification or be prepared to work toward such. We share the costs and provide encouragement. Most personally benefit with a long term.

A knowledge organisation.

It seems to us that “Gonski 2” is good for Australia, our children, and our children’s children. Our opinion is based on an age-old adage, “everything we do may be done better if we do it again” … and in the future, we may do it better again… and again!

Let us have good-will toward the stability and benefits which this outstanding measure will facilitate.

TAXING BANKS

It seems to us that the Big Banks owe something to the Federal Government because of its guaranteed support of bank deposits… which support is periodically reviewed.

Big banks have benefits which other businesses do not enjoy! Their tax may reflect privilege!

In South Australia, the Banks do not appear to any special privileges.  I question any impost that may make South Australia a less popular place in which to do business. If the banks DO have special privilege, then we have a legitimate reason to seek their greater contribution… but I suspect that on a per-capita basis they do NOT have the level of profitability in South Australia as in other places. A dangerous tax…

The secret is to create a BIGGER cake…. Then the slice for each of us may be larger… BUT… Please do not try to diminish the slice that I already have… it may make me angry!!

INCENTIVES TO EMPLOY ADDITIONAL PEOPLE

This is a very difficult subject because our politicians genuinely want us to succeed, employ our neighbours and pay more taxes as our contribution toward the society in which we live.

As a company, we will accept any financial contribution toward extra staff… but we would never employ extra staff just because of a $10,000 incentive.

Our staff are employed because we are confident of ongoing business growth. New staff are employed and trained when we have certainty that these special people will not have to be retrenched a little further down the track.

We have put-on several extra staff recently and discovered that the $10,000 will be paid as $5,000 at the end of year one… and the second $5,000 at the end of year two. During that time, we will have paid an additional $7,000 to $8,000 in Payroll Tax per person to the State Government… some benefit!!

We are funding any reimbursement for up to two years before we get any cash back. If we do?

Immediately though… as well as Payroll Tax, we will buy a motor car (in most cases), a new lap-top computer, I-Pad for inspections and smart-phone. Often a desk and amended office fit-out is required.

The up-front costs are huge… we would never employ because of “incentive”.

As for regional employment costs, I doubt the State Government has any idea. We have employed an additional person in our Coober Pedy Office for each of the past three years. Training must be done in Adelaide since TAFE withdrew its support at its Coober Pedy Facility.

The State Government pays us $25 per night for accommodation. My cost… $125 per night plus meals away from home… with training intermittently across a twelve-month period.

The State Government would help a lot more by diminishing Payroll Tax on all new employees and assist with upfront employment costs.

For the record… Lin Andrews Real Estate pays more in Pay-roll Tax than is our annual profit… so please do not make it any-more difficult for our clients to invest in South Australia.

BOUQUET’S

Love our trams… love our Oval… Love the new RAH and the SAMRI Building… Love the River-bank precinct… Love the Southern and Northern Expressways… Love the fact that Governments try their best with limited resources… as do we!

Lin Andrews Real Estate and related companies are committed to the growth of those resources… this generation and beyond!

REAL ESTATE AND YOUR NEEDS

Sorry about Government comments… but they do impact our principle business… and if you know of ways that we may do it better… Please advise the writer.

Real Estate Sales – Management and Development are our products. Our services of choice.

We are grateful for the support of our clients over these past 47 years.

The very best way for us to grow our business and the number of staff employed is by attracting new clients… or helping existing clients to grow bigger investment portfolios.

CURRENT REVIEW – COMMERCIAL SALES

For the first time in many months our supply of Commercial Property for Sale has diminished.

We believe that a lot of owners are waiting until July before putting their properties on the market. In July, the Stamp Duty on Commercial Property transactions is reduced by 50%. This new financial year will see more buyers in the market-place and these will bid-up the price.

If you are thinking of selling… our Commercial Consultants would love to receive your call.

We believe there is a renewed interest in the ownership of Commercial Property in South Australia. Some results achieve prices above the expectation of owners.

Graham Moody from our Salisbury Office sold the property below for a sum of $905,000 at auction during June. Buyers were represented from interstate and country.

CURRENT REVIEW – RESIDENTIAL SALES

Available stock is very fluid in every price-range.

This is an excellent time to relocate if you are planning to do so!

Demand is high and rising!

Defence contracts and high prices interstate are lifting the prices of our residential stock!

South Australia is poised to “take-off” as its economic cycle is complementary to the Eastern States and is being stimulated by the prospects of economic growth… and our superior life-style.

South Australian Residential Investment is amongst the safest in the world!

CURRENT REVIEW – COMMERCIAL LEASING

Busy – Busy – Busy is the cry of our Commercial Leasing Consultants.

Our principle clients are SME’s. Small Medium Enterprises.

These clients are pushing boundaries in every possible way to achieve growth.

Growth means relocating. Bigger or smaller premises. Newer or older… smaller or bigger. ANYTHING which creates new.

New landlords should be increasingly relieved to know that our wonderful State comprises of SME’s who are making a difference… finding new ways… and benefiting from renewed export prices.

CURRENT REVIEW – RESIDENTIAL RENTALS

This sector is still slow and easy.

With the very favourable price of residential property in South Australia it is still very affordable. Most tenants DO have the choice of buying instead of leasing and we have experienced this many times.

Landlords should be happy though. Long term investment in residential property ALWAYS brings its rewards… but we do have to be patient.

Capital Gains WILL accompany patience in holding onto your property…

CURRENT REVIEW – NEW DEVELOPMENTS

There is a lot of residential development taking place.

We are not commenting on these redevelopment activities, but one may be sure that the banks are not funding them unless they are deemed to be safe.

In the world of Commercial Real Estate, new developments are few as rental prices have been stagnant for several years. This makes it difficult to make a case for development of additional stock.

Within our own group of companies, we are developing Commercial Real Estate with caution…  but WE ARE DEVELOPING.

NEW STAFF – WORLD BEST PRACTICE

Two of our new staff are pictured on this page.

People make a State Great…. People make a Company Great… Our Community is Great because of its people.

Debbie Turk

We welcome Debbie in the capacity of Senior Commercial Manager – Northern Suburbs.

Debbie has worked as a Senior Commercial Manager for the past 20 years with JLL and Knight Frank respectively.

We are proud of Debbie’s achievements and welcome her professional input as we seek “World Best Practice” in Commercial Property Management.

Belinda Ridgway

We welcome Belinda in the capacity of Senior Property Manager – Southern.

Belinda has invested the past 20 years in managing both commercial and residential property in Adelaide’s southern suburbs.

She is available to us due to the business sale and retirement of her employer of 20 years.

       

   

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