(PRWEB) May 07, 2014
Australian property analysts are speculating that the Australian housing boom has plateaued, with signs price growth is starting to slow. For buyers who have been waiting for properties in the ‘hip’ suburbs to come into their price range, real estate educator Rick Otton believes there is no reason to wait for prices to drop further.
“I’ve watched as first time home buyers and investors alike have sat on the sidelines waiting patiently for the bubble to burst,” said Mr Otton. “There is no need for this. People need to understand that there are always ways to own a home regardless of the market – as long as they are willing to think creatively, and embrace non-traditional strategies.”
Mr Otton is well known for strategies, tools and techniques for buying and selling property without the need for bank loans, mortgages or subsidies.
“Regardless of what neighbourhood a first time buyer is hoping to buy into it just takes a little know-how to get in to the real estate game. It doesn’t matter what property they are looking to buy. When it comes to hip neighbourhoods, they are just the same as any other market,” said Mr Otton.
“What happens is that interest is shown in a particular neighbourhood that was once down-and-out, but which might have a cool club, café, clothing store, or general vibe that attracts attention. These encourage more businesses which, in turn, often attracts the interest of the ‘arty’ demographic, who move in," Mr Otton explained.
“Then the more affluent buyers start to show up, renovate, and drive housing prices up. The next thing you know the housing is no longer affordable.”
Traditionally investors would keep their eyes open for the next up and coming neighbourhood. However, Mr Otton teaches that when people step away from an interest-rate-led ‘boom and bust’ mentality, they can buy in any market and any neighbourhood.
“I’ve been teaching people through my Podcasts and free packages that they can turn negatively geared properties into positive cash flow by learning how to build a property portfolio without needing new bank credit. People have to learn to buy Australian property using non-traditional, but proven, real estate investing strategies.”
Mr Otton has made his fortune using his own techniques and is continuously refining his approach and sharing with his students. His ‘Ready Set BOOM’ sessions, in hand with his Power Property Pack, have been showing investors and first time buyers how they can buy properties without the need for bank loans.
To receive Mr Otton’s free Power Property Profits Pack you can visit creativerealestate.com.au/freepack, or to register for Rick’s ‘Ready Set BOOM’ tour, visit http://www.readysetboom.com.au. Phone enquiries welcome in Australia, 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 business, which operates in Australia, New Zealand and the UK.
A gifted speaker and educator, Mr Otton conducts regular 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.
To register for one of Mr Otton’s Australian seminars visit http://www.readysetboom.com.au or phone, in Australia, 1300 888 450.