Auckland’s biggest flips: How the rich get richer
The Herne Bay property bought in 2015 by developer Ben Cook. Photo / Michael Craig Many of Auckland’s big money names have made tidy sums on the side buying and selling houses.
An investigation into New Zealand’s luxury real estate market by property website OneRoof.co.nz has found that 7 percent of the homes that sold for $5 million or more since 2000 were “flipped” sometimes for huge profits.
Some of these houses are known only to a small group of wealthy people and the real estate agents who…
