• The squeeze in the Auckland housing market is showing no sign of letting up and makes fertile ground for house flippers.

Almost 700 Auckland properties were sold at least twice last year for an average profit of $87,000, according to homes.co.nz.

House flipping is when a house is bought and quickly on-sold for profit. It’s not an illegal practice and can be a savvy way investors can make money.


Real Estate Agents Authority chief executive Kevin Lampen-Smith says vendors need to be aware they may not get the best price if they push for their property to be sold quickly.