New tax rules have made flipping too expensive for "mum and dad" renovators. Photo: Getty ImagesMum and dad property flippers have all but disappeared, with the Government’s shake-up of the housing market in March the final nail in the coffin, new research suggests. Overall, the practice of flipping has fallen off dramatically since its height in 2013, when 9171 properties were resold within 12 months of purchase. It’s not just the bright line test stopping mum and dad flippers, says Collard. “If you're a firm without any leverage, or you're just mum and dad flipping then you are quite exposed to timber prices going up.

Source: Otago Daily Times September 17, 2021 17:48 UTC