A new research from
In light of this alarming news,
"Interest rates have been lower than average for the past few months, and this condition helped a lot of Aussies to enter the market without spending too much cash. But remember that whatever goes up must come down and vice-versa, so it's not a surprise that interest rates are on their way up again now that the real estate market is stabilising," according to
"Home buyers and property investors, however, don't have to be dependent on market conditions to make profitable investments. One way to get around the risk of fluctuating interest rates is by assuming the existing home loan that is already in place. Using this strategy not only eliminates the need to create a financial buffer for higher monthly payments when rates increase, but it also alleviates the pressure of saving up and paying for a large deposit fee just to get in a property for sale," he continued.
"The conditions which made the traditional process successful in the past are no longer present, so people must now look for more creative and efficient ways to achieve what they want with less resources," he said.
The Creative Real Estate Podcast is a weekly podcast featuring
Australian property investment specialist,
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, Hot Property and Australian Property Investor. His real estate book, published in 2012, ''How To Buy A House For A Dollar', voted by
As well as conducting free seminars, workshops and conferences in the
Go to CreativeRealEstate.com.au to listen to Rick's free podcasts.
Read the full story at http://www.prweb.com/releases/interest-rate-increase/rick-otton-analysis/prweb11942275.htm
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