Newspaper article The Observer (Gladstone, Australia)

It's Win-Win, How to Buy a House for $1

Newspaper article The Observer (Gladstone, Australia)

It's Win-Win, How to Buy a House for $1

Article excerpt

LOOKING for some free property guidance? Property expert Rick Otton is all about helping others with information on alternative ways of buying and selling real estate, and now the professional has turned the tables on the current industry concepts through his book -- How to Buy a House for $1.

The Observer is offering 10 lucky readers the chance to win their own copy of Mr Otton's book, valued at $24.95.

With property prices on the rise and the reduction in government grants for first-home buyers, the great Australian dream is becoming less of a reality for most.

Studies indicate on average a couple will need to save for at least five and half years to meet the minimum 10% deposit requirements for a $60,000 deposit and a first-home owner 13 years to save for a 20% deposit of $100,000.

Aussies who are wanting to get a foot in the real estate market, but who haven't saved enough for a deposit can now buy a house through strategies that have been around since the 1850s. …

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