Rich property flipper buys $28m Bellevue Hill house to knock it down

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Rich property flipper buys $28m Bellevue Hill house to knock it down
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Paula Liveris, whose husband is Olympics boss Andrew Liveris, leads a string of brave flippers including artists, architects and a soft-drinks entrepreneur.

Soaring building costs amid a runaway housing market make property flipping a brave way to try to make money. But there are big capital gains to be made for those with the money to back it.At the time a source close to Liveris said the purchase was to be an investment for the Point Piper-based Liveris, making good on her previous property flipping forays in New York, Michigan, Florida and Greece.

The landmark sandstone church on the corner of Palmer and Stanley streets has had a colourful history since it was built in 1856 by colonial architectfounded the bikini fashion label Tigerlily in the cavernous space and in more recent years it was home to the local Pentecostal church known as C3 Church.

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