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Property prices continue upward trend

By Ben Faulks

Making a property investment involves carrying out plenty of research, and a good place to start is analysing how well prices have performed in an area over recent months. This will give a better indication of how much gain you can expect to make on your investment, as well as give you some confidence that you have made the right decision.

Results of the latest CoreLogic RP Data April Home Value Index could therefore be just what you need to spur you on to purchase property in Evatt. Figures show that over the course of the previous 12 months, values in Canberra marked a rise of 1.1 per cent, which could also bode well for other parts of the ACT.

As a result, the median dwelling price now stands at $530,000, with total gross returns up 5.5 per cent in the latest index. The level of returns you make on your investment will likely depend on a number of factors, including whether it is in a sought after location.

Having an expert on hand can be just what you need to analyse the market effectively and give you a better idea of the types of real estate you should be purchasing.

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