Right now, interest rates are at a low, which has made the ability to buy property, for many, easier. But there are many people who, despite this, do not qualify for a home loan - so the interest rate is still unsettling
(PRWEB) June 03, 2014
Brisbane real estate agents and buyers have become aware of the increased competition for properties in specific suburbs of the Queensland capital. In announcing his weekly podcast, property investment educator, Rick Otton, is set to share creative and innovative strategies that he says are needed to give buyers an edge in this market.
“The Brisbane real estate market is dynamic right now, and I know that prospective home buyers are being challenged by the increased competition for houses,” said Mr. Otton. “In these focused and information-rich episodes, I want to show them some strategies that may give them a real advantage.”
“There has been a lot of press about the buoyant suburbs of Brisbane - Paddington, Stafford and Stafford Heights, but Kedron too has emerged as another powerhouse, with great infrastructure, including its easy access to the Airport Link Tunnel,” he continued.
Latest figures from property monitor, RP Data, shows that since May 2013 the average time a house is for sale in Brisbane has dropped from 91 days to 74 days.
“Greater Brisbane region real estate figures show that in the twelve months to February 2014, 31,770 homes were sold, a significant increase in the corresponding figure of 25,470 for twelve months to February 2013,” said Mr. Otton.
After a period in the doldrums, Mr. Otton believes the Brisbane real estate market is set to continue to grow along these lines. However, he is quick to point out that the strategies and techniques he teaches can be applied to benefit from any market.
“Right now, interest rates are at a low, which has made the ability to buy property, for many, easier. But there are many people who, despite this, do not qualify for a home loan - so the interest rate is still unsettling,” said Mr. Otton. “I want to show people how they can get on board the property investment train, even if they don’t have the credit history or massive deposit that the traditional lenders - the banks - require.”
The other people that Mr. Otton believes will benefit immensely from the information he shares each week are those who already own real estate but who want to add to their property portfolio.
“I want to explain to them when the right time to ‘bargain hunt’ is, what strategies are right for property transactions at this time, and show them why ‘negative gearing’ is rarely the best way to approach property investment,” said Mr. Otton.
Brisbane property investors, whether novices or more experienced, are invited to tune in to attend Mr. Otton’s ‘Creative Real Estate Show’ at no cost. Details are available at CreativeRealEstate.com.au and phone enquiries are welcome on 1300 888 450.
For over 20 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 Pty Ltd business which operates in Australia, New Zealand and the UK.
A gifted speaker and educator, Mr. Otton conducts regular 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, A Current Affair and Australian Property Investor.