The millions being made in flipping luxury homes
Nila SweeneyReporter
Four out of the top 10 most expensive houses sold last year were held for less than five years, as some sellers doubled their money after cashing in on strong demand for an asset class in short supply, data from CoreLogic shows.
Houses in premium suburbs with the highest number of sales above $5 million were also held for a relatively short period of just over eight years, compared with the 9.6-year market average.
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