618 what not to do in a rising interest rate environment + more
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The Dangers of Property Flipping
Rising interest rates are reducing the supply, but the demand's still there a lot of the time. So we know we're falling behind in return in respect to building enough dwellings for Australia. This is actually making it worse. The next thing I want to talk about of things to be careful and mindful of is this idea of like property flipping. You know, when interest rates are cheap, people were buying shacks, going to bunnings, renovating, maybe living in it for a year or so, flipping, moving on to the next one. It's going to be harder to just flick stuff as markets slow down. Yeah.
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