Aspects of the traditional property system in Australia and New Zealand are dated and no longer work for buyers or sellers. Many first time home buyers are unable to purchase, even with government grants and concessions. Home Owners are finding in increasingly difficult to make their mortgage payments, as interest rates rise. Sellers are unable to achieve their sales price as banks have pulled back on their lending, making it increasingly difficult to borrow. Negative gearing has been the preferred property investing strategy, yet why are Australia, New Zealand and Canada the only three countries in the world who use it for tax benefits? In how to buy a House for $1 Rick Otton, with over two decades of property investing experience, lays out the strategies to solve these current problems. This book will transform the way readers think and invest.
