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

Archaic standards stifling innovation, engineers say
Opinion

Maria Slade: Archaic standards stifling innovation, engineers say

Some standards haven't been reviewed since the 1970s, holding NZ back, engineers say.

Maria Slade 16 Jun 2025
IPOs: Baby Come Back
Opinion

Simon Robertson: IPOs: Baby Come Back

With IPOs, there's no steady state, just opportunities. 

Simon Robertson 14 Jun 2025
The pragmatism behind the WorkSafe reforms
Law & Regulation

Mike Mercer: The pragmatism behind the WorkSafe reforms

The greatest risk right now is not the reform itself, but how it is being received.

Mike Mercer 13 Jun 2025
Will Paypal co-founder Max Levchin return?
Opinion

Robbie Paul: Will Paypal co-founder Max Levchin return?

The golden age of golden visas is dawning in New Zealand.

Robbie Paul 12 Jun 2025