(PRWEB) June 05, 2014
The Reserve Bank of Australia (RBA) recently caused a stir by releasing a detailed policy document collating Australian Bureau of Statistics and RP Data information that shows a potentially concerning trend. The report prompted well-known and respected real estate educator, Rick Otton, to comment.
“The RBA analysis concludes that the residential property market as a whole is less than 2% off the record valuations that were set in most recently in 2010 and 2007. Those highs were followed by a period of correction, as the valuations fell back from those stretched levels. That experience means that a similar thing may be about to happen in 2014,” explains Mr Otton.
“If you look at the more recent data, that’s exactly what has happened in the past few months, with prices since March coming back almost a whole percentage point” Mr Otton added.
However, this potential correction was only half the story from the report.
“The RBA report also states that inner city growth is more in ‘bubble’ territory than the outer suburbs, and that the outer suburbs are 50% less expensive than the inner city suburbs,” said Mr Otton. “In a city like Brisbane, where you’re constrained by mountains and the bayside, space is at a premium, and locations that offer a short commute to the major job hubs in the CBD and surrounds command a premium,” Mr Otton said.
To show investors how to take best advantage of the current property market, Mr Otton has announced his weekly podcast show, which the public can access at any time at no charge.
“I’ve scheduled these podcasts to make sure that no matter what people’s commitments, they are able to find a time that they can come and learn about how to buy property in this great city and take advantage of the property market at a time that many will choose to sit on the sidelines,” said Mr Otton.
“I pack as many as possible of my tried and tested strategies to creating real estate wealth, in all market conditions, into each episode we release. My aim is to equip people with the same tools that helped me become financially independent through property investing,” explained Mr Otton.
“Whether it’s inner city or outer suburbs, a period of growth or falling prices, you can adapt the strategies you learn with my podcasts to any situation,” said Mr Otton.
Interested investors are advised to tune in to the Creative Real Estate Show by visiting http://www.CreativeRealEstate.com.au.
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 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, A Current Affair and Australian Property Investor.