(PRWEB) March 02, 2014
The Australia Bureau of Statistics revealed that only 12 percent of new loans approved in Australia belong to first home buyers despite record low interest rates loans for real estate Australia, (News.com.au reported on 26 February 2014).
An industry analyst explained that property investors, specifically those using self- managed super funds for capital, were dominating first home buyers in terms of the number of new home loan approvals.
“First home buyer confidence is one of the most discussed topics during the stretch of the Ready, Set, Boom tour last month. A lot of people are curious how they can manage to buy houses without paying a lot of cash at a time when the house prices just keep on going up,” commented Rick Otton, the host of the recently concluded Ready, Set, Boom property tour.
“When questions like these come up during the one-day training, I tell them that the best way to solve this problem is to enter a deal with flexible payment terms. As a result, buyers won’t have to save up a large cash deposit, while sellers won’t have to wait for months or years until they can find a person who can afford the Australia real estate they’re selling,” he added.
Mr. Otton then used his last interview for the Ready, Set, Boom tour to thank everyone who made it to last month’s most successful real estate one-day training events.
“It’s been an exciting month for everyone. In the past four weeks, we’ve visited 9 cities in 3 different states, and, on behalf of my team, we would like to thank everyone we met on the road, especially everyone who took the time to spend the day with me to learn about how to grow your property portfolio using creative strategies,” according to Mr. Otton.
For those who missed out on Rick Otton’s nationwide tour last February, you can still get a hold of Mr. Otton on his special post-event webinar on 6th March 2014 by visiting ReadySetBoom.com.au/webinar/6th-march.
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.