Frantic property flipping a worry in low income areas

There are practical levers that can be pulled to promote housing affordability. (Image: Fiona Goodall)

Mon, 19 May 2025

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...

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