{"id":13773,"date":"2018-08-27T08:53:21","date_gmt":"2018-08-26T20:53:21","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=13773"},"modified":"2018-08-27T08:53:21","modified_gmt":"2018-08-26T20:53:21","slug":"house-flippers-are-floundering","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/house-flippers-are-floundering\/","title":{"rendered":"House flippers are floundering"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Now we see prices falling. Homes sold for less than was paid are not hard to find if you sniff around in the sold section of major real estate websites. SOUCE:\u00a0<span class=\"irc_ho\" dir=\"ltr\">Churches.ie<\/span><\/strong><\/p>\n<p class=\"description\">FLIPPING houses is the Australian dream. In this dream, superior intuition about the real estate jungle allows you to trade like a jaguar \u2014 swift, smart and opportunistic. You buy low, sell high. Pinpoint renovations in hot suburbs gift you bountiful returns. Profits start to get crazy.<\/p>\n<div class=\"story-content\">\n<p>Take this house in Melbourne\u2019s inner west. A property predator bought it in 2016 for\u00a0<a title=\"www.realestate.com.au\" href=\"https:\/\/www.realestate.com.au\/sold\/property-house-vic-west+footscray-122550626\">$660,000<\/a>. They executed a tasteful reno that would make judges on The Block swoon. Then they moved it on for\u00a0<a title=\"www.realestate.com.au\" href=\"https:\/\/www.realestate.com.au\/property\/18-molesworth-ct-west-footscray-vic-3012?pid=p4ep-pdp%7Csold-pdp:property-history-cta#timeline\">$1.27<\/a>\u00a0million a year later.<\/p>\n<\/div>\n<div>NEW ZEALAND PROPERTY NEWS \u2013\u00a0\u00a0JOIN OUR 15,000 PLUS SUBSCRIBERS<\/div>\n<div><\/div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div dir=\"ltr\"><a href=\"http:\/\/eepurl.com\/b_v2br\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/eepurl.com\/b_v2br&amp;source=gmail&amp;ust=1535247673828000&amp;usg=AFQjCNE6LxYqRSGqcx9SSRQ_sVyJjPSEQg\">GET INFORM<\/a><a href=\"http:\/\/eepurl.com\/b_v2br\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/eepurl.com\/b_v2br&amp;source=gmail&amp;ust=1535247673828000&amp;usg=AFQjCNE6LxYqRSGqcx9SSRQ_sVyJjPSEQg\">ED: RECEIVE OUR FREE E-NEWSLETTER 2 X A WEEK PLUS OTHER PROMOTIONS<\/a><\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><\/div>\n<\/div>\n<div><\/div>\n<div><a href=\"http:\/\/eepurl.com\/b_v2br\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/eepurl.com\/b_v2br&amp;source=gmail&amp;ust=1535247673828000&amp;usg=AFQjCNE6LxYqRSGqcx9SSRQ_sVyJjPSEQg\"><img decoding=\"async\" class=\"m_787210369390781449m_-239257146864912038gmail-m_1739817971422532896gmail-m_-5672678202854420931m_-1174253372178555362gmail-alignnone m_787210369390781449m_-239257146864912038gmail-m_1739817971422532896gmail-m_-5672678202854420931m_-1174253372178555362gmail-size-medium m_787210369390781449m_-239257146864912038gmail-m_1739817971422532896gmail-m_-5672678202854420931m_-1174253372178555362gmail-wp-image-46676 m_787210369390781449m_-239257146864912038gmail-m_1739817971422532896gmail-jetpack-lazy-image m_787210369390781449m_-239257146864912038gmail-m_1739817971422532896gmail-jetpack-lazy-image--handled\" src=\"https:\/\/ci5.googleusercontent.com\/proxy\/qZbOu6bLo5jWVZZe4XGg-aMzwOcMuV6zWRx6Rs7R1-8eQ8nSnXJK6SitBfW6twuyD9-8Q4gt-9DBFuOUZcP7MaJX4AhZYf9J2uKT7bnA0nBIKsjASdtIL18MX2XaancGLlfXr2CYl75Pw-nEu5-nhsd_eqfUT71MY6gzmbodF0_J7mrLI-pM=s0-d-e1-ft#https:\/\/i2.wp.com\/www.propertynoise.co.nz\/wp-content\/uploads\/2018\/05\/newsletter-sign-up.jpg?resize=300%2C73&amp;ssl=1\" alt=\"\" width=\"300\" height=\"73\" \/><\/a><\/div>\n<div><\/div>\n<div><\/div>\n<div dir=\"ltr\">\n<div><\/div>\n<div>CLICK HERE for our\u00a0Australian\u00a0Property News:\u00a0<a href=\"http:\/\/propertynoise.co.nz\/au\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=http:\/\/propertynoise.co.nz\/au\/&amp;source=gmail&amp;ust=1535247673828000&amp;usg=AFQjCNH948c9KowSXbBnraIrEji8N11AWA\">www.propertynoise.com.au<\/a><\/div>\n<\/div>\n<\/div>\n<p>READ MORE VIA <a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/selling\/real-estate-jungle-why-house-flippers-are-floundering\/news-story\/1607b3d5e02cba4c1688cd154fff284a\">NEWS.COM.AU<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Now we see prices falling. Homes sold for less<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/house-flippers-are-floundering\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":13774,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098573,478098512,478100363,478098521,478098562,478098519,478100362,478098535,478098556,478100613,478098513,478098579,478098510,478100614,478098514,478098511,478098533,478098509,478098515,478100612,478098552],"class_list":["entry","author-wpcomsupport","post-13773","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-apartment","tag-australia","tag-australian-dream","tag-australians","tag-foreign-buyers","tag-home-ownership","tag-house-flippers","tag-house-prices","tag-nsw","tag-profit","tag-property","tag-property-market","tag-property-news","tag-property-speculating","tag-propertynoise","tag-real-estate","tag-real-estate-agent","tag-real-estate-news","tag-renovations","tag-tasteful-reno","tag-the-block"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>House flippers are floundering - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/house-flippers-are-floundering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House flippers are floundering - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; PHOTO:\u00a0Now we see prices falling. 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