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

The final run-up to Christmas and the end of another year! 

What a privilege to say “Thank You” to all who have been a part of our life-walk this year. Our appreciation is expressed to internal clients and to our external clients alike.
 
“THANK YOU”.

To our Landlords we express our appreciation for you entrusting us with the management of your special investment assets.

To our Tenants we say thank you for caring for the properties which you have called home… or as a business owner, from which you have been conducting your business.

To our Staff we express our appreciation for extending our culture of caring and integrity into every client relationship of which you have been a part.

To our Maintenance Contractors we say thank you for the supply of services which make property ownership as worry-free as possible.

We live our lives intertwined and dependent upon each other!

Care and concern for the needs of each client has led to a great sense of fulfilment and satisfaction by the Board and Shareholders of Lin Andrews Real Estate and its Associated Companies… during the “year that was”.

“Doing nothing through selfish ambition, but in all things considering the needs of others”, has been our modus operandi… and we know this has been fundamental to many with whom we have shared our life-walk during 2018.

Celebrate with family and friends and express a great “THANK YOU” to them… A spirit of good-will will come back to you in abundance.

DON’T SELL YOUR PROPERTY TOO SOON

At a recent Board meeting it was resolved to tell our residential investors “DON’T SELL YOUR PROPERTY TOO SOON”.

Planned property investment is a long term commitment. We believe that property activity in South Australia is just the beginning of a longer term rise in residential property values.

Some investments have not been planned, but are the result of interstate transfers. These investors are “default” investors who are holding-on until they get a satisfactory price. These folk may sell too soon!

Our Board has noted a rise in the number of residential investment properties being sold and we believe that some are over-reacting to falling prices in the Eastern States.

In our decades of experience we believe that prices in South Australia will gently rise over the next few years and to sell now may not be in the best interest of property owners.

Most land agents make their money by persuading people to sell their property and create market activity.

We have a view that true property investment must be an informed decision and sales should only be made after careful and unbiased counsel.

There is an increasing demand for property rentals and this will continue as labour needs are being met for the many new industries growing within this State. It may be better to BUY now and give your property to Lin Andrews Real Estate to manage whilst it grows in value.

COMMERCIAL PROPERTY COMMENT

Investors in Commercial Property have an entirely different set of factors to consider.

Commercial Property tends to be purchased by investors who require regular cash flow at a higher rate than their interest bill… cost of money. OR… they are wanting to provide bigger and brighter accommodation for their growing businesses.

Either way Commercial Property is in high demand for buyers if it is securely leased.

The price will be substantially lower if the property is vacant!

Commercial Investors have the privilege of selling and buying without paying Stamp Duty. The result is a higher level of activity than is usual and we believe this will be the new “normal”.

Some are able to buy vacant Commercial Property at the diminished value attributed to vacant property and then sell for a profit after the property has been upgraded and leased.

Some of these profits may be significant.

We believe the success of a business is partly attributed to operating from the correct premises for the business concerned.

There is a lot of vacant commercial property for sale but leased property is in high demand and short supply.

If you own leased property and need cash it should sell easily and release cash for other purposes.

Our current theme is, “Take your business to the next level with the right property”.

Some of these properties maybe featured in this newsletter.

 

BANKING ROYAL COMMISSION AND INVESTMENT PROPERTY

Some clients have asked concerning the impact of the Banking Royal Commission and its impact on our business. They obviously are looking for an informal comment… a confirmation as to their own thoughts.

We do not want to be negative as we depend upon the banks to meet our needs and those of our clients. However we have observed a series of changes impacting our business.

  1. The big banks with whom we deal have lifted their level of service and overall adjusted their charges downwards. We are grateful.
  2. When borrowing for new projects they are more difficult. Insisting upon declarations signed by our Solicitors and our External Accountants certifying that the borrowing entity is totally compliant with every aspect of the various Superannuation Laws and Regulations.The borrowing process is slower. These professionals who actually established our various entities now review their own past work (cynical), but we are grateful to have improved internal audit.Costs have risen and borrowing processes are now taking longer.
  3. There appears to be a move back into property acquisition by SMSF’s as there is diminished trust in the big professional Financial Planners.Many are buying small commercial properties without borrowing and enjoying the security of high returns from small business tenants whilst having a sense of ownership and control.We have always advocated owning one’s own property, appoint a property manager like Lin Andrews Real Estate and periodically visit the property with the property manager.Nothing beats owning your own property and receiving a monthly cheque direct into the bank account of your Superannuation Fund.

We have responded by building more small workshops built specifically for trades and other service industries. Our sales staff may discuss these options with you.

CHRISTMAS – CELEBRATION

The Christian Church honours Christmas as the time when The “Christ” – the son of God came to earth as the infant child of the virgin Mary.

This Christ grew to manhood and taught the fundamentals, which today represent the Christian Church and it’s love for ALL NATIONS.

We invite you to contemplate this memorial of history… and Love your Fellow Man… just as He taught us to Love.

At Lonsdale in Adelaide’s Southern Suburbs, we have for sale or lease an Iconic Commercial Building. It features a stunning appearance. 260m² of outstanding offices and high clear span warehousing of about 1000m².

 

 

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