There is a lot of risk involved in house flipping, especially if you’re new to the process. While exciting and potentially profitable, it’s important to remember that house flipping is not just a hobby and needs to be taken seriously.
As a media commentator and property investor, I do a lot of industry-related reading to keep my finger on the pulse. Every day I read new articles, blogs and books written by a variety of sources - both good and bad - as it’s important for me to keep an eye on the latest property news coverage and conversations.
Influenced by factors like interest rates and economic rhythms, the property market naturally moves in cycles. Most property markets in Australia are in a well-publicised ‘come-down’ after a long period of strong growth - and it has many buyers feeling anxious.