FLIPPING houses is the Australian dream. In this dream, superior intuition about the real estate jungle allows you to trade like a jaguar — swift, smart and opportunistic. You buy low, sell high. Pinpoint renovations in hot suburbs gift you bountiful returns. Profits start to get crazy.
Take this house in Melbourne’s inner west. A property predator bought it in 2016 for $660,000. They executed a tasteful reno that would make judges on The Block swoon. Then they moved it on for $1.27 million a year later.
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