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Why Jennifer Hawkins insists she and husband Jake Wall aren’t property flippers

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Why Jennifer Hawkins insists she and husband Jake Wall aren’t property flippers

Jennifer Hawkins has adamantly acknowledged that she and her husband Jake Wall don’t need to be often known as ‘property flippers.’

Nevertheless, the legitimacy of the previous Miss Universe’s assertion has been known as into query after she and Jake reportedly bought one other renovation undertaking, simply weeks after promoting their $20million Sydney mansion.

In response to The Daily Telegraph, the supermodel, 36, and her property developer husband, 37, bought the Nineteen Fifties residence in Sydney’s Northern Seashores for $6.95million.

Jennifer Hawkins has stated that she and her husband Jake Wall do not want to be known as 'property flippers.' However, the legitimacy statement has been called into question after the pair reportedly purchased another renovation project

Jennifer Hawkins has acknowledged that she and her husband Jake Wall don’t need to be often known as ‘property flippers.’ Nevertheless, the legitimacy assertion has been known as into query after the pair reportedly bought one other renovation undertaking

Chatting with WSFM’s Jonesy And Amanda final month, Jennifer insisted that she and her builder husband are nothing like ‘flippers’ – a time period describing individuals who purchase and shortly resell properties for the aim of producing revenue.

‘We do not actually home flip. I do not know the place that [came from],’ the mother-of-one stated, including that her choices to buy and offload properties have all the time been motivated by ‘life adjustments’ reasonably than revenue.

‘It is form of like, we might simply discover a tremendous piece of land. Jake’s a builder so we had that zeal, after which one thing in our life would change and we would need to transfer to a unique space,’ she defined.

‘So we might promote it after perhaps three to 4, 5 years. However it looks like a fast period of time, however yeah, no undoubtedly not home flipping,’ Jennifer added.

Jennifer and Jake’s newest reported new renovation property, was beforehand owned by Dame Joan Sutherland and is the peninsula’s largest oceanfront property.

Idyllic: The supermodel, 36, and her property developer husband recently purchased the 1950s home in Sydney's Northern Beaches for $6.95million

Idyllic: The supermodel, 36, and her property developer husband just lately bought the Nineteen Fifties residence in Sydney’s Northern Seashores for $6.95million

'I don't know where that came from': Speaking to WSFM's Jonesy And Amanda last month, Jennifer insisted that she and her builder husband are nothing like 'flippers' - a term describing people who buy and quickly resell properties for the purpose of generating profit

‘I do not know the place that got here from’: Chatting with WSFM’s Jonesy And Amanda final month, Jennifer insisted that she and her builder husband are nothing like ‘flippers’ – a time period describing individuals who purchase and shortly resell properties for the aim of producing revenue

'Jake's a builder so we had that passion': The mother-of-one said, adding that her decisions to purchase and offload properties have always been motivated by 'life changes' rather than profit

‘Jake’s a builder so we had that zeal’: The mother-of-one stated, including that her choices to buy and offload properties have all the time been motivated by ‘life adjustments’ reasonably than revenue

It was listed in 2018 for $8million, however didn’t promote and ­returned to the market earlier this 12 months.

The spacious residence is about on 3,100sqm of land with expansive ocean and coastal views.

Each day Mail Australia have contacted Jennifer Hawkins for remark.

Jennifer first entered the property market in 2006, two years after she was topped Miss Universe.

The sweetness forked out $469,000 for a double-storey home in Merewether, a suburb positioned in her residence metropolis of Newcastle.

She leased out the three-bedroom, two-bathroom property for a lot of the time it was in her identify, earlier than she finally offered the residence for $782,000 in 2017.

Going, going, gone! In June, Jennifer and Jake finally sold their stunning $20million mansion in Newport, Sydney, six months after listing it on the market

Going, going, gone! In June, Jennifer and Jake lastly offered their beautiful $20million mansion in Newport, Sydney, six months after itemizing it in the marketplace

Modest first home: Property records show Jennifer first entered the market in 2006, purchasing this Merewether home for $469,000

Modest first residence: Property data present Jennifer first entered the market in 2006, buying this Merewether residence for $469,000

On the market: She leased out the three-bedroom, two-bathroom property for much of the time it was in her name, before she eventually sold the residence for $782,000 in 2017

In the marketplace: She leased out the three-bedroom, two-bathroom property for a lot of the time it was in her identify, earlier than she finally offered the residence for $782,000 in 2017

Clearly bitten by the true property bug, savvy Jennifer added two properties to her portfolio in 2007.

In January of that 12 months, she purchased one other residence in Newcastle’s Merewether space for the sum of $620,000.

Like her first property shut by, the home was double-storey and featured three bedrooms and two bogs.

Jennifer leased out the tackle for $530 per week, earlier than she offered it in 2015 for $731,000.

In the meantime, the second property Jennifer bought in 2007 was a two-bedroom condo in Sydney’s Bondi.

She purchased the swanky condominium off the plan for $895,000, earlier than residing on the tackle with Jake for a number of years.

Second investment: In January 2007, Jennifer bought another home in Newcastle's Merewether area for the sum of $620,000

Second funding: In January 2007, Jennifer purchased one other residence in Newcastle’s Merewether space for the sum of $620,000

Buying up the neighbourhood! Like her first property close by, the house was double-storey and featured three bedrooms and two bathrooms

Shopping for up the neighbourhood! Like her first property shut by, the home was double-storey and featured three bedrooms and two bogs

It appeared they uninterested in the japanese suburbs a while later, promoting the property in 2014 for $1.2 million.

By this time, Jennifer and Jake had already begun to construct properties, reasonably than merely purchase them.

In 2010, the couple bought a cliff-side block of land in North Curl Curl for a whopping $1.3 million.

They then partnered with famend architect Koichi Takada to create a shocking three-storey mansion.

The couple offered the North Curl Curl residence in 2014, for a jaw-dropping $4.1 million.

Within the meantime, Jennifer and Jake purchased one other block of land in the identical suburb and had already commenced constructing one other unimaginable mansion.

They paid $1.66 million in 2013 for the block, which had an previous weatherboard home on it.

Bondi apartment: Jennifer bought this swanky condo off the plan for $895,000 back in 2007. She and Jake sold it for $1.2 million seven years later

Bondi condo: Jennifer purchased this swanky condominium off the plan for $895,000 again in 2007. She and Jake offered it for $1.2 million seven years later

Room with a view: She bought the swanky condo off the plan for $895,000, before living at the address with Jake for several years

Room with a view: She purchased the swanky condominium off the plan for $895,000, earlier than residing on the tackle with Jake for a number of years

Making their dreams a reality: Jennifer and Jake bought a block of land in North Curl Curl and built this stunning mansion on it

Making their desires a actuality: Jennifer and Jake purchased a block of land in North Curl Curl and constructed this beautiful mansion on it

The couple demolished the home, earlier than Jake’s firm J Group undertaking once more collaborated with Koichi Takada to construct one other residence.

Jennifer and Jake offered the North Curl Curl residence for round $5 million in 2016.

The couple then traded as much as their newest pad, a mansion positioned in Sydney’s unique Northern Seashores suburb of Newport.

The house was constructed on a plot of land purchased for $4 million by the couple in 2014.

Jennifer and Jake offered the beautiful mansion for $20 million in June this 12 months, six months after itemizing it in the marketplace.

Billionaire software program tycoon Mike Cannon-Brookes and his spouse Annie bought the mansion for a file $24.5million.

Second North Curl Curl home: The savvy couple built this resort-style residence on another block in the same suburb, before selling it for around $5 million in 2016

Second North Curl Curl residence: The savvy couple constructed this resort-style residence on one other block in the identical suburb, earlier than promoting it for round $5 million in 2016

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