What Sydney suburbs are good for quick renovation and sell strategy?

[smartmelon]

My strategy is to buy, renovate and sell. The renovation involves ew paint, upgrade kitchen and bathroom, adding an extra bedroom. I am looking at the houses. What Sydney suburbs should I be looking at? These suburbs should have a big price gap between 2/3 bedrooms and 3/4 bedrooms so that I can get maximum profit by adding 1 extra bedroom.

As I am new to this "flip" strategy, I don't know where to start. Any suggestion would be highly appreciated. Thanks.

 

[MsAli]

smartmelon, when you find out, please let me know, as I want to do the same..

 

[datto]

I have been thinking about buying a cheap house out west or south west of Sydney. Hold for 12 months, then sell, without lifting a hammer.

 

[D.T.]

Every suburb in australia has houses that could use a reno

 

[ok180]

My strategy is to buy, renovate and sell. The renovation involves ew paint, upgrade kitchen and bathroom, adding an extra bedroom. I am looking at the houses. What Sydney suburbs should I be looking at? These suburbs should have a big price gap between 2/3 bedrooms and 3/4 bedrooms so that I can get maximum profit by adding 1 extra bedroom.

As I am new to this "flip" strategy, I don't know where to start. Any suggestion would be highly appreciated. Thanks.

Stop. Please. You're noobing all over yourself.

 

[beachgurl]

Start with a search of realestate.com.au for each suburb. Look at high and low prices and see if there is enough meat for a buy/Reno/sell. If not, move to the next suburb. If there is, go to every open for inspection in that suburb for the next 3 weeks. That should be enough research to know the local market.

I found a property a little over a month ago that was fitting the criteria for a flip. The mid section of each market fluctuates a lot so it's a bit of a risk on budgeting sale figures in this market.