(PRWEB) November 24, 2011
There is small doubt, says property investment innovator, Rick Otton, that the Australian state of Western Australia is booming -- even though the rest of the globe struggles.
In its report ?Mining in Australia 2011 to 2026?, financial forecaster BIS Shrapnel predicts that annual mining investment in Australia will surpass $ A80 billion by 2015, from projects in the oil and gas, iron ore, coal and copper sectors. Following a pause in investment in 2009/10 -- the height of the international economic crisis -- it rebounded by 11% in 2010/11 and is forecasted to enhance a further 66% by 2015/16.
?Such growth in our mining sector has lifted work opportunities across the board for Australians willing to relocate? explains Mr Otton. ?And the associated demand for housing in a lot of locations has turn into unprecedented.?
?The far more remote mining and oil/gas internet sites recruit staff on a fly in/fly out (FIFO) basis, and in the case of the West Australian operations, the property base is identified as Perth? continued Otton. ?This has put pressure on each the acquire and rental markets in Perth, but, at the identical time, has created attractive opportunities in Australian property investment.
According to property monitor, realestate.com.au, there is a wonderful imbalance in property costs in the vast state of Western Australia, with properties in remote locations like Karratha and Port Hedland fetching way in excess of related dwellings in significant capital cities. In the capital, Perth, the median house value in early 2011 was $ 480,000, but in Karratha and Port Hedland the median rates for the very same period were $ 795,000 and $ 750,000 respectively.
?There is small doubt that properties in this cost range are way out of reach of first property buyers or most singles - if they go down the traditional mortgage path. However, the opportunities for creative property investors are immense in markets such as these? says Mr Otton. ?The rent to acquire techniques that I teach are made for just these scenarios.?
For over 30 years Rick Ottin has been regarded as an innovator in the property investment industry, in Australia, the US and the UK in specific. He has taught thousands of individuals, especially the self-employed and those with no a hefty deposit, how to invest in property without the want to method conventional lenders.
Mr Otton delivers numerous totally free resources, including ebooks, videos and webinar recordings that teach the rent to get techniques that allow everyday individuals to enter dynamic property investment markets like Western Australia.
A lot more details at rickotton.com
About Rick Otton
Entrepreneur, Author, Speaker and Property Coach
Rick Otton is a self-created multi-millionaire and genuine estate consumer advocate, property investor and company owner.
He is the founder and director of We Purchase Houses Pty Ltd, a leading property enterprise which has effectively expanded into the international markets of Australia, United Kingdom, New Zealand and USA.
In 1991, Rick Otton uncovered an innovative method of purchasing and selling genuine estate and went on to amass a portfolio of 76 properties in his initial 12 months of investing. Rick buys, sells and trades property, making use of small or none of his own funds, and structures transactions to generate positive money flow.
Because 2001, Rick has taught nationally and internationally more than 35,000 students how to acquire, sell and trade residential property without acquiring bank loans or acquiring debt, utilizing small cash and minimising threat.
Many of Rick?s students have been in a position to develop wealth, get their initial property, restructure a negatively geared property to make it money flow positive and construct their property portfolio year following year.
Rick?s mission is to transform the way people purchase and sell property - to empower others with the information there is yet another way. He frequently meets with leading government officials who seek his advice on solving the housing affordability crisis.
His philosophy has been highlighted in numerous Australian Tv shows. He appeared in the ABC documentary ?Reality Bites? as effectively as ?These days Tonight? and ?Hot Property?.
Rick has also been profiled in quite a few national and international magazines and books as he shows everyday people how to generate wealth in actual estate, with no bank loans or saving significant deposits.