(PRWEB) December 05, 2013
Rick Otton, the Australian real estate authority who is known for his innovative investment strategies has today issued a caution to investors: Beware of inflated asset prices.
His warning comes at the same time as the International Monetary Fund (IMF) has cautioned investors that, in a environment of rising property prices, their expectations could overshoot the market.
"What this means is that as prices rise, more investors jump on board, pushing property prices even higher. This, in itself, is fine, but for those who borrow to jump into this market, when prices drop, they may be in for a rude awakening," said Mr Otton. "This is especially so for those who borrow with the minimum deposit – they could find themselves owing more that their property is worth. It’s happened before, and it will happen again."
Following its most recent review of the Australian economy, the IMF released a statement that said "The authorities would need to be prepared to take preventative actions of household credit growth, transactions volume, and prices accelerate."
Alternatives To Bank Loans
For decades Mr Otton has been encouraging people all over the world to look at alternative ways for buying and selling real estate – without bank involvement. His strategies, he says, remove the impact of interest rates and fluctuating prices.
"The traditional system of saving for a hefty deposit and then hoping a bank will approve your loan application – well, its just old-school," said Mr Otton. "This system has disenfranchised many sectors of the community, especially the self-employed who have difficulty in proving ongoing income."
"This caution by the IMF is well timed, and I hope it will give everyday Aussies reason to pause. To help them to learn of the alternative property investment options that are available to them, I am offering a downloadable Power Property Profits Pack via my website – and it doesn’t cost a cent."
To download Mr Otton’s Power Property Profits pack visit creativerealestate.com.au/freepack or phone, in Australia, 1300 888 450 for more details.
About Rick Otton
For over 23 years property millionaire Rick Otton has built an impressive real estate portfolio using innovative strategies that he has developed – strategies in which transactions are made without the need for traditional bank-type loans. He constantly refines his techniques as he buys and sells properties through his We Buy Houses business which operates in Australia, New Zealand and the UK.
A gifted speaker and educator, Mr Otton conducts regular one-day free seminars across Australia, which build on the the concepts he shares in his 2012 book ‘How To Buy A House For A Dollar’, voted by Money Magazine and Dymocks Book stores as one of the Top 10 Most Popular Finance Titles for 2013.
He regularly records and publishes iTunes podcasts via his channel Creative Real Estate.
His innovative low-risk, high-reward approach to Australian real estate investing has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor.
To register for one of Mr Otton’s free Australian one day seminars visit creativerealestate.com.au/freepack or phone, in Australia, 1300 888 450.