How housing investors are making the most of the 'hot' seller's market
ABCKatrina Pugh and her husband are about to sell their seventh house since 2011. Key points: Advertised properties are off the market within just days, data shows On average, people hold on to their property for eight years, but experts say some houses re-enter the market much more frequently An economist warns the current "hot market" won't last forever Four of the houses have been existing properties in need of a makeover. "A lot of people are wanting to cash in on this fabulous market we've got," Ms Malcolm, who co-owns Wolf Property, said. "If you bought a house four to five years ago, last year — or at the end of last year — you could almost turn it over and it's probably doubled in price in that period of time," he said. Dr Yanotti said a lot of people were capitalising on the "hot market" that wasn't bound to last forever.
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