Meet the brothers turning trash to cash

PHOTO: Brothers Nathan and Daniel Odessa flip houses in Brisbane under their business, Odessa Property Group.

BROTHERS Nathan and Daniel Odessa have made a pretty penny flipping houses since the pandemic took hold.

Their most recent project smashed the sale price record for a home in the north Brisbane suburb of Wavell Heights when it sold for just over $3m last month.

But even they admit the days of turning trash to cash may be over.

“To come into this market as a flipper now, you’ve missed the opportunity,” Nathan said.

“You’ve got to find a builder and materials. It’s a timely process now. Definitely not as quick as it used to be.”

This new build at 46 Power St, Wavell Heights, smashed the suburb record when it sold for $3.05m in March.

The professional builders have decided to change their strategy as uncertainty starts to plague the market amid the threat of interest rate rises, the increasing cost of living and a looming federal election.

“We’ve changed our tactic from big and loud luxury homes to condensing it down to something all buyers can afford,” Nathan said.

“Right now, in this market, you can see people can’t afford to pay over the $2 million mark… so we’re coming down into a safer market.”

Operating under the banner of Odessa Property Group, the siblings have flipped six houses in under three years.