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

For many the Spring Season began a month ago!

Traditionally though, in Metropolitan Adelaide, the end of Winter is marked by the Footy Grand Finals combined with the October Long Weekend… Both events mark a very real end to the darker hours of Winter and the commencement of the Sunshine Months.

PROPERTY REPORT FOR THE MONTH OF SEPTEMBER

South Australia is unique in its property price stability! Occasionally there are substantial rises in property prices to balance-out the price differences with other States… but these come as slow and natural adjustments. These adjustments have begun!

Risk is something which we prefer to avoid!

This past month saw a lot of property activity within our market sectors. There is a clear lift in activity!

People who have not been interested in property transactions for some time, seem to be awakening to a new life which is flowing through everything that we touch.

September demonstrated again that South Australia has moved away from the long economic winter which tested the resolve of many small businesses.

The new emerging economy is comprised of new attitudes by groups of people who are confident enough to lift their activities now… “Make it happen”… seems to be the new paradigm.

Governments past and present are seeing their plans to release people into activity, now coming to fruition.

Yes there WAS a great slump in our State, but that is a natural part of every economic cycle and we now move on.

STAMP DUTY

  1. Stamp Duty on Commercial Transactions CEASED… July 1st 2018. This huge benefit to Commercial property owners is not even known to many of those owners.Take note: If you buy Commercial property in South Australia you will not pay any stamp duty. Many who are alert to this have become active “players” in the market, but many are simply not aware.
  2. Sell and Lease-back. This opportunity has always been with us, but an age-old paradigm seemed to influence people to invest good capital into the premises from which they were operating… rather than continue to rent and grow their working capital.We are seeing more business’s sell and rent-back than we have in a long time.One man expressed it this way… “Always I have felt burdened by the debt on my building, now I feel free to concentrate on my business… I see life more clearly now”.Another said… “I didn’t really know what business I was in… Always thinking about future expansion… or a shift in the market place… and how I could accommodate change. Now I know my building is available for as long as I choose to lease it, but I am also free… to have branches where my new clients are active. My own building was restricting me.

Debbie Turk has been a commercial property manager and asset manager within Government and the Private Sector for several decades. As one investor put it to me, “Debbie deals fairly with every-one, but if a tenant does not have the discipline to meet their monthly commitments, then Debbie will find a tenant who appreciates the property and meets their commitments on time”.

SUMMARY

  1. Business people are “coming of age”. No longer are they working for a piece of property… but they have graduated mentally to a place of building their businesses.
  2. “Lazy Balance Sheets” freeze resources in assets which are passive and not productive or efficient.

I thrill at the prospects of a thriving and free South Australia where enterprising people create businesses and employment.

COMMERCIAL ACTIVITY – NORTHERN
The Northern suburbs are alive

As one drives on the Northern Expressway toward the Barossa, one cannot but be amazed at the size of the Munno Para Bunnings, stretching across the skyline.

Roger Drake of Foodland Fame is developing an $80,000,000, food distribution centre on the other
side of the Highway in this growing Northern area.

 

There are many others investing huge money in these areas, and I quote below.

“German energy giant Sonnen will begin assembling and manufacturing 50,000 energy storage systems in the former GMH site, creating 430 local jobs. It’s a huge win for our State and confirms that South Australia is a world leader in the utilisation of solar technology. “

At a lower level of economic activity, Claire Britton of Lin Andrews – Salisbury, leased more small Office Warehouses last month than we have seen in several years.

We have been servicing the Commercial and Residential Property needs of the North for more than three decades and rejoice at this activity.

STUDENT ACCOMMODATION – REPORT

We have always managed property as Student Accommodation. Students have been very good for our company with most working hard and long hours to achieve their study objectives.

A Deloitte Access Economics report released during September highlighted the massive economic benefits of attracting more international students to live and study in Adelaide.

The report showed that the average international student contributes $36,600 to South Australia’s economy, with international students injecting $1.54 billion into the economy in 2017.

Some students love the protection of large buildings with people of similar ethnicity, BUT many prefer to lease in independent flats and apartments to experience real life in Australia.

RESIDENTIAL PROPERTY MANAGEMENT

Kirrily manages a large team of residential managers in the City and Metropolitan Adelaide.

Shortage or residential accommodation.

For  the first time in several years, we have a demand for rental accommodation which exceeds our supply.

If you are a residential investor with your eye on the future growth of property in South Australia, then please go into the market place and buy residential property… and then phone Kirrily Loring so that she and her team of expert property managers may manage your asset for you.

Reduced property maintenance costs.

We are pleased to announce that our annual review of maintenance contractors has met with unusual success.

Kirrily and Mark Andrews have succeeded in achieving reduced maintenance costs in excess of circa 35% off the regular prices of some trades people.

To make life easier in the sale and management of properties, to clients from many nations, our staff includes Canace, Martin and Don. These multilingual members of staff are actively involved in translating and in creating a sense of security for new arrivals.

RESIDENTIAL SALES REPORT

Residential sales in South Australia are booming.

We had expected big rises in activity to occur 2019 onwards but the interest in South Australia is already occurring.

The price achieved for this house and land was way above expectation. New town planning regulations now permit a residential sub-division and this may have contributed to the outstanding success of this auction.

This property attracted circa 40,000 viewings on our website during a 3 week period. If you are thinking of selling, please phone Deidre as demand is outstripping available stock.

 

 

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