Property flipping frenzy in Sydney spurs warnings of overheating
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Sydney
LANA Taylor quit a job at Unilever plc to buy, renovate and sell homes in Sydney, where prices have increased in 13 of the past 15 years.
Ms Taylor, a marketing manager at the consumer goods company until October 2013, and two friends started Three Birds Renovations in July last year. Since then, they have bought and sold three homes in Sydney's northwestern suburbs and made a gross profit of about A$600,000 (S$613,240). They are working on the fourth, which will be ready for sale by Christmas.
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