House Flipping in Australia - Easy Profit or Overhyped Fantasy?

By Sean Callery October 11, 2018

As anyone who’s ever made pancakes will tell you, executing the perfect flip isn’t always easy. There’s pride and breakfast at stake. But what about house flipping, where there’s potentially a lot more on the line?

Can it be profitable in today’s market? How difficult is it? And is it worth the effort?

What is house flipping?

House flipping is an investment approach that typically involves buying undervalued properties, renovating them and then selling them on at a profit. The aim is often – theoretically at least – to complete this process quickly and to spend as little as possible on the renovation in order to maximise profit before moving on to the next ‘flip’.

When you consider the investment of finances, time and emotion that can be involved, house flipping may not be for everyone. But for some ambitious Australian investors and renovators, the challenge and potential profit are significant motivators.

How popular is house flipping in Australia?

TV shows like ‘The Block’ have popularised the idea of fast-paced, often dramatic renovation projects for potential profit. The paint, sweat and tears flowing in equal measure seem to appeal to the huge audiences who watch the show.

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