(PRWEB) July 08, 2014
In a new interview, leading Australian property market authority, Rick Otton, has drawn investor attention to the under-researched sectors of the Australian property market. He has revealed that strong price rises in the saturated Sydney and Melbourne property markets have limited future returns, and that there is value in the lesser known markets which may have brighter prospects.
“Every investor in the Australian property market has read the recent stories about price rises and record auction clearance rates in the Sydney and Melbourne property markets” said Mr Otton. However, 10% growth and seriously competitive markets have the effect of pricing many investors out of the market” he went on to say.
“That’s why I believe that Australian property investors should get creative and turn their attention to understanding and investing in cities outside the Sydney-Melbourne property market bubble.”
“For example, in Darwin, there is a chronic undersupply of housing. The natural effect is that prices must go up. And the proof is in the data, with the city that most Australian’s forget about in the Top End recording 20% price gains in some suburbs, with unit price increases in suburbs like Nightcliff and Coconut Grove increasing more than 25%” revealed Mr Otton.
“On the other end of the spectrum is Canberra, with demand falling greatly in the wake of the last election and cuts to the public service. But the general consensus is that the Canberra market is at the low point of it’s cycle, and there are some bargains to be had” Mr Otton said. “And even in a downturn, desirable suburbs on the north such as Bruce and Forde have shown resilience.”
“Different market conditions, create different opportunities for investors to use innovative and creative strategies to grow their wealth through investing in the property market. Before implementing complex strategies however, a successful investor must first have certain specifics place for buying and selling properties. That’s where my We Buy Houses Radio Show is helping people from all walks” said Mr Otton.
The We Buy Houses Radio Show have been described as interesting, fun and information-packed interviews between Rick Otton and a range of guests, from experienced students of his creative real estate strategies, through to relative newcomers.
They are suited to investors of all experience levels, and are available to listen to and download free of charge at http://www.WeBuyHousesRadio.com.
About Rick Otton
For over 24 years property investment specialist Rick Otton has built an impressive real estate portfolio using innovative strategies that he has developed – that don’t require taking out 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 free seminars across Australia, which build on the concepts he shares in his book ’How To Buy A House For A Dollar’. The book was voted by Money Magazine, and Dymocks Book stores as one of the Top 10 Most Popular Finance Titles for 2013.
He regularly broadcasts, records, and publishes the transcripts of, his iTunes podcasts via We Buy Houses Radio.
Known for his innovative low-risk, high-reward approach to Australian real estate investing, Rick has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor.
Subscribers to Mr Otton’s We Buy Houses Radio no-charge podcasts receive a complimentary Property Investor’s Tool Kit. To learn more visit http://www.WeBuyHousesRadio.com.