Aussies Spending North of 30 Per Cent of Their Income To Pay For Mortgage: Rick Otton Analysis

Aussies Spending North of 30 Per Cent of Their Income To Pay For Mortgage: Rick Otton Analysis

Debt-to-Income statistics from Fitch Ratings show that roughly 32% of Aussies’ incomes are going to their mortgage. And according to the Sydney Morning Herald, Sydney residents are paying slightly more with an average of $40,000 per year on their mortgage (nearly half of the average household income in the country). read more

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Rick Otton Investing Tips: Seller Finance an Alternative to Bank Finance

Rick Otton Investing Tips: Seller Finance an Alternative to Bank Finance-_Canberra

In business, a good investment is one the gives back the most returns. For many property investors, rising home value is an example of a good return. After all, because of capital gains, your asset has greater value than when you bought it; thereby improving your net worth (at least on paper). read more

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Rick Otton Discusses FOMO: ‘Fear of Missing Out’

Rick Otton Discusses FOMO: ‘Fear of Missing Out’

Someone told me the other day that I wear “Elvis shirts” pretty good. It gave me a bit of a laugh because I never really thought of them as “Elvis shirts”. To me, they are simply incredibly comfortable shirts.

But for someone younger, “Elvis shirts” is a reference to a style that they didn’t experience. And it goes to show how clothing styles have changed over time.

Changing trends show a very common pattern in human behaviour. It shows this inherent need of wanting to be “in”. Wherever the action is, that’s where people want to be. read more

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Targeting The Right Market: Rick Otton Property Investment Tips

Targeting The Right Market: Rick Otton Property Investment Tips

One of the biggest hurdles faced by aspiring property investors is how to market themselves. And without a defined message for a specific target market, it becomes very easy for people to overlook you.

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Rick Otton Debunks Myths On Why Properties Don’t Sell

Rick Otton Debunks Myths On Why Properties Don’t Sell

Although more commonly known as a psychic, Elisabeth Jensen also contributes to News Real Estate where she gives advice to homebuyers and sellers. And in her recent article, she provided reasons as to why properties don’t sell. She claimed that the sale of a property can be affected by the real estate agent hired, the quality of the house being sold and even the invisible energy and spirits surrounding the home. read more

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Good Investors Can Create Opportunities Regardless of Market Trends, Tells Rick Otton

Good Investors Can Create Opportunities Regardless of Market Trends, Tells Rick Otton

Christopher Joye, a real estate analyst, believes that real estate prices in Australia would drop 10 to 20 percent in the coming months, the Sydney Morning Herald reported on 31 March 2014.

Joye wrote that the disproportionate growth between house prices and disposable incomes of regular Aussies would cause the “property bubble” in Australia to burst. read more

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