In the USA house “flippers” purchase a run down property and do a quick reno then resell are still the rage, although their profit dropped from 2013 of 43 per cent to 2014 at 29 per cent in California which represents similar conditions and housing trends to Australia.

Overall “flippers” make up to 5.4 per cent of their total house sales and take just 79 days to sell.

Average house sales are in the $116,106 range – so they are affordable and its quick money.

Conversely in Australia with our average weekly household income at $1,767 rental is now $530 per week and pushing the stress factor button of 30 per cent of wages going into rent.

Even one bedroom homes are now pushing $200 per week in lesser suburbs of Melbourne.

In inner city Melbourne, a larger garden can add as much as $171,000 alone to the value of a house.

That’s nearly the cost of a small rental house in Tasmania.

Maybe Tasmania should sell the cheaper living opportunity to Victorians and watch the USA by renovating and exercise caution.

_ ROD STONE, Greens Beach.