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Rick Otton Reveals Australian Real Estate is Still Unaffordable for Many(April 29, 2014)
(PRWEB) April 29, 2014
Property investment strategist, Rick Otton, has revealed that the 2013 Demographia Affordable Housing Affordability listed Australia as the third most unaffordable of seven developed countries in the world. Despite this listing however, he says that affordability has actually improved in several areas of Australia including Brisbane, Melbourne, Canberra, and Sydney.
In a recent interview, Mr Otton reminded potential home buyers that there are ways to purchase a home in a market with soaring housing prices using creative real estate strategies.
These strategies will help first-time home buyers acquire property without taking on unmanageable debt or coming up with a large deposit. They are ideal for first time home buyers who are struggling to save a deposit, but they are also suitable for real estate investors who might otherwise be shut out of the market, said Mr Otton.
I have developed a series of processes and techniques that are designed to assist first-time home buyers find their footing in the property market, says Mr Otton. Even in the most seemingly unaffordable real estate market there are ways to access affordable options using these strategies. I am delighted to be able to offer some insight into what I do with a substantial free information download on my website.
Mr. Otton is referring to his free Power Pack Plus package accessible at http://www.creativerealestate.com.au/freepack. The Pack shares a variety of strategies and examples of ways to buy and sell real estate without the need for a loan or large deposit.
Mr Otton, known globally for his alternative real estate strategies, provides both buyers and sellers a raft of options that can be actioned, regardless of the state of the real estate market, or when, as the Demographia Affordable Housing Affordability list shows, locations are unaffordable.
I share the techniques I have developed after years of investing in real estate in Australia and overseas. These strategies assist first-time buyers as well as aspiring property investors to find and purchase property without the intimidating prospect of coming up with a large deposit or the need to carry a burdensome loan, says Mr Otton.
Mr Otton says that his Power Property Profits Pack is an ideal introduction to his creative real estate strategies. It is hard for many to envisage how one can buy a property without a bank loan, says Mr Otton. My Power Pack includes a report uncovering property bargains, and an easy to follow blue print that teaches first-time buyers how to find and buy property at a discount.
Whether an area is in a boom or a bust market there are always real estate agents sitting on properties that are owned by people carrying a debt that is far higher than the actual value of their homes he said. For buyers, these properties present good purchase opportunities that will see the current owners become debt-free.
Mr Ottons Power Property Profits includes valuable information on topics such as cash flow versus capital, and tips on using negative gearing for positive outcomes.
Mr Ottons complimentary downloadable Power Property Profits Pack can be found at http://www.creativerealestate.com.au/freepack and access to his (also no-charge) podcast series at CreativeRealEstate.com.au.
Phone Enquiries, in Australia, 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 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.
To register for one of Mr Ottons free Australian property investment seminars, visit ReadySetBoom.com.au or phone, in Australia, 1300 888 450
Read the full story at http://www.prweb.com/releases/rick-otton-strategies/housing-affordability/prweb11805115.htm.