PHOTO: Now 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: Churches.ie

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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