Frantic property flipping a worry in low income areas

Frantic property flipping a worry in low income areas
There are practical levers that can be pulled to promote housing affordability. (Image: Fiona Goodall)
Maria Slade
What explanation could there possibly be for a house being sold 10 times in under two months?In September and October last year, the pleasant-looking home at 88 Lawrence Crescent in Hillpark, on the other side of the southern motorway from Auckland’s Botanic Gardens, became the subject of such a frenetic chain.The price of the three-bedroom, one-bathroom property on a full site see-sawed from the original sale of $850,000 to a low of $746,000 before soaring to $894,000 and eventually being sold to its current owner for $872,000.This mysti...

More Opinion

The pros and cons of Sky’s big deal
Markets

Eden Bradfield: The pros and cons of Sky’s big deal

You'd best hope streaming and advertising revenue make up for the $1 purchase.

Eden Bradfield 26 Jul 2025
The Stock Series: Nvidia and Rocket Lab
Opinion

Simon Robertson: The Stock Series: Nvidia and Rocket Lab

Has everyone got a bit of Burt Munro in them? 

Simon Robertson 26 Jul 2025
Spotlight on conduct outside the workplace
Law & Regulation

Bronwyn Heenan: Spotlight on conduct outside the workplace

I was impressed with the way Astronomer dealt with the Coldplay kiss cam issue.

Bronwyn Heenan 25 Jul 2025
Is Karl Gradon’s Comvita gig worth the sting?
Markets

Stock & Trade: Is Karl Gradon’s Comvita gig worth the sting?

What do The Warehouse and Comvita have in common? 

Stock & Trade 25 Jul 2025