1. Otton Believes Property Investors to Reassess Strategies in the Wake of
Queensland Floods
The devastating floods in Queensland continue to bring heartache to thousands of people as the
true extent of the loss of life and property is revealed. It has also led those involved in property
investing to re-evaluate their purchase suitability criteria.
Sydney, Australia (Vocus/PRWEB)January 19, 2011 -- Australia has managed to stay out of recession
throughout years of drought and challenging economic times. The Queensland floods of 2011, however, are
expected to add immense pressure to the Australian economy, affecting diverse business sectors, including
property investing.
In a recent interview, Australian property investing expert, Rick Otton, outlined the inflationary pressures that
will be direct consequences of the Queensland floods.
“The affect of the floods on Australia’s agricultural and transport sectors will be seen on supermarket shelves
immediately.” says Mr Otton. “But the cost to the whole economy in terms of rebuilding devastated
communities will not be felt until the second half of the year.”
He went on to explain that the emotional cost of the floods will dramatically affect the property sector, with
many people wanting to divest themselves of their properties quickly. However, buyers will be very hesitant to
enter a troubled market, with increased insurance costs and, potentially, interest rates.
“The Australian and Queensland governments will be injecting a huge amount of funds into the rebuilding of
whole communities, and this alone is inflationary.” explained Otton. “The Reserve Bank will see the immediate
increase in spending as a post-disaster ‘spike’, but the ongoing injection of funds will put pressure on home
loan interest rates in the second half of 2011.”
Evaluation Time For Property Investing
Property investors need to re-evaluate their strategies for the year ahead, taking into account the economic
pressures that will come to bear on the Australian economy. The Queensland floods have affected:
* Mining contractors - as projects have been halted during heavy rain and flooding
* Mines - coal mines have been closed, with some suffering massive loss of plant and equipment. Others have
been unable to get their coal to ports.
* Rail and Ports - rail lines have been damaged and ports closed causing coal to be stockpiled.
* Sugar Industry - flood damaged crops have resulted in increased imports from Brazil
* Summer clothing and lifestyle - have all suffered as a result of the downturn in tourism due to inaccessible
holiday destinations.
* Environment - the fragile corals of the Great Barrier Reef are under threat from the flushing of toxic sediment
into their habitat
The Rick Otton property investing approach has always been considered innovative, but in uncertain times such
as these, the more traditional ‘experts’ in the real estate industry will be flying blind. Because they have been
operating in a relatively stable property environment, most do not have the ability to be flexible in their
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2. thinking.
Visit his website to learn more about Rick Otton property investing.
About:
About Rick Otton
Rick Otton is an original pioneer of creative property strategies. He is founder and CEO of We Buy Houses, a
leading property enterprise which operates in the property markets of the United Kingdom, New Zealand, USA
and Australia.
In 1991 he uncovered an innovative strategy of buying and selling real estate and went on to amass a portfolio
of 76 properties in his first twelve months of active investing.
Since 2001, Rick has taught over 30,000 students to buy, sell and trade residential property without banks, debt
or risk. By employing these same strategies many of Rick’s students have made over a million dollars a year in
cash and equity, using little or none of their own money, year after year.
He has appeared in the 2004 ABC documentary ‘Reality Bites’ and on Today Tonight, Insight and A Current
Affair. In October 2007 Rick gave a way a house on national TV during 2 episodes of Channel 9’s Hot
Property.
Rick Otton has also been featured in Australian Property Investor, Lifestyle Trader Magazines and in the books:
The Secrets of Property Millionaires Exposed!, Ideas: Original Perspectives On Life and Business From
Leading Thinkers, Think and Grow Rich in Property, Insider Property Secrets, and Walking With The Wise.
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3. Contact Information
Rick Otton
RickOtton.com
http://www.rickotton.com
1300 888 450
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