This month's featured business is Kangaroo Island Real Estate, owned and operated by Lynne Savage.
Briefly tell us about your business
2017 is the 30th anniversary of my career in real estate. In 1987, I started work for the late Myles Pearce at his Morphett Vale office. Myles was a hard-working, intelligent entrepreneur who believed that everyone in his employ should at least have their real estate sales qualification, regardless of whether they were admin staff, property management or sales.
This study whetted my appetite for real estate and further study. Back then, a real estate sales certificate required significant study which also included two law topics, which sadly real state personnel do not need to learn today.
In 1988, I was given a promotion to property manager and was relocated to Cairns, where I studied to obtain my Queensland qualification as well. A year later, I moved back to Adelaide and obtained my real estate agent qualification, giving me the freedom to have my own business.
Until 2004 I worked for various real estate franchises including 10 years with LJ Hooker Kensington. In 2004, I became a trainer at TAFE SA and at the Real Estate Institute of SA, and later at REISA became the only female Director of the Board. In 2004 I was the SA/NT Business Development Manager for a business called Rockend, which supplied and trained real estate software packages. That year I started my own real estate business called Home and Away Real Estate, which I still own and manage, which handles 20 strata managements, 110 residential property managements, and residential sales.
In 2013 I realised my life’s dream and bought a five acre waterfront allotment at Dover Farm, where I am about to start building my dream home thanks to my wonderful friend and builder Tony Gilbert from Kangaroo Island Quality Homes.
I was always intending to open a branch of Home and Away Real Estate on KI, but suddenly with a flash, I investigated whether anyone had registered the Business Name “Kangaroo Island Real Estate”. They hadn’t and the name became mine!
Kangaroo Island Real Estate was launched in March 2013 and has been growing steadily since. Both businesses have ‘virtual offices’ which is all that is required in the 21st century especially given that real estate transactions are generally on-site and any documentation and negotiations can be done via internet and telephone.
Eventually when Kangaroo Island Real Estate reaches its potential, Home and Away Real Estate will be sold, and I will not have to travel back and forth to monitor and work both businesses and therefore free my time to concentrate on my life and work on KI. It’s called living the dream!
What is new in your business worthy of news?
2017 is the 50th anniversary of the first time I set foot on KI, on 11th May 1967. To celebrate this Golden Anniversary,
I am offering potential clients three months of free property management and I am fixing the commission in advance for all sales.
Given the success of this offer to date, it could well continue into the future. The other noteworthy news is that a display cabinet for the Vivonne Bay General Store is being built and I also plan to have one in Penneshaw.
How does or can your business contribute to the business community (ie provide employment, function room, catering, hire equipment, support services etc)?
Given my two great loves in life (other than family, pets and friends) are real estate and Kangaroo Island, I am more than happy to meet people, travel to all areas and simply have a chat and give my advice on real estate issues.
I have already been asked to assist where people don’t want to sell right now, but need advice on what they could achieve in today’s market, only because they need this information for personal reasons. I am also a Justice of the Peace, so happy to help anyone who needs a JP at a minute’s notice.
Why did you join Business Kangaroo Island and how do you see it helping your business?
I have joined several committees since moving to live on KI in 2016.
The purpose was to meet people, offer to help others and hopefully receive some local assistance in matters as well.
Belonging to BKI assists me to grow my business as it provides a platform to become known to other local business owners and potential clients.
What are some positive opportunities you see for Kangaroo Island businesses in the future?
Given the new airport, the promotion of the new Wilderness Trail, the upcoming report at American River Resort, the new golf course at Pelican Lagoon, and the deep-sea port (where ever it is built), Kangaroo Island has never seen so many developments either under construction or in consideration at the same time. The flow-on effect must initially bring more tourist traffic, which means more money spent on KI, which will encourage brand new businesses to start up here plus with more income, existing businesses will be able to grow and expand.
When more tourists visit us, many will want to invest here or move here to live, which in turn will mean demand for rental properties will go up and also the value of real estate will improve. The influx of workers will also drive the demand for rental properties.
In summary, word is already out and real estate enquiries are coming through thick and fast from Sydney and Melbourne investors and many people from NT are buying here so that they can experience a true sea change. Real estate prices are not really on the rise yet, but the properties are selling much quicker than even just two to three years ago. Kangaroo Island is set to soar and it is exciting to be on the wave of evolution for this magnificent but, until recently, forgotten paradise.
~ Lynne Savage