I agree, renovating to "flip" is almost impossible in a flat to falling market. 7-8% transaction costs, plus finance costs and reno costs.
I do think people will pay a premium for a good reno, but not enough to clear the other costs.
- Forums
- Property
- the block and renovation myth
I agree, renovating to "flip" is almost impossible in a flat to...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)