(PRWEB) February 08, 2014
RP Data revealed that sales figures for Gold Coast real estate will be its highest in 10 years, and Chinese investors are fuelling the high demand for property, (The Australian reported on 11 January 2014).
Andrew Bell, CEO of Ray White Paradise Surfers Group, confirmed that in October alone they helped 43 Chinese buyers purchase real estate ranging from a $95,000 studio apartment to A $5.2 million penthouse.
“The Chinese are undoubtedly one of the largest foreign investors for Australian real estate right now. A contributing factor to this phenomenon is the fact that a lot of foreign students go to school in our country, and their parents setup these properties for their children’s use,” commented Rick Otton, a respected property coach for over 14 years in Australia.
“The increased demand from foreign buyers has been great for increasing real estate values, but for local investors, who don’t have a large pool of cash to buy investment property, rising house prices mean less investment opportunities, especially for first home buyers. If property investors continued using creative strategies, that may help them get into the market,” he explained.
Mr. Otton revealed in a new interview for his upcoming one-day training Ready, Set, Boom that although creative strategies are known for turning negatively geared properties into cash flow machines, the strategies can also be used to help people buy houses in a rising market.
“The success of creative strategies comes from facilitating flexible payment terms between the buyer and seller, rather than forcing the buyers to pay the entire value of the real estate in one big payment. This forward thinking approach helps any buyer, young or old, buy a house without needing a large amount of cash deposit or even applying for a new home loan with the bank,” according to Mr. Otton.
Rick Otton’s upcoming stop to the Gold Coast is on 23 February 2014. You may claim your free seat at http://readysetboom.com.au/ today.
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 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 ReadySetBoom.com.au or phone, in Australia, 1300 888 450.