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Do your research before buying investment property in Elimbah

By James Brown

If there's any piece of advice any investment expert will offer, it's to make sure you carry out plenty of research before coming to a final decision.

This is certainly the case when it comes to buying property in Elimbah or any other part of Queensland, as some areas can offer stronger returns than others.

Details of the latest CoreLogic RP Data Pain and Gain report show that capital gains vary considerably across the nation, so it's well worth investing time in doing some homework.

The good news for Elimbah property buyers is that as CoreLogic RP Data research analyst Cameron Kusher points out, some regions are more likely to experience losses than others at the moment.

"Recent data highlights the growing weakness in markets linked to the mining and resources sector where values are generally falling," he commented.

Data from the report shows that 90.7 per cent of properties sold with a gross profit exceeding 30.1 per cent during the three months to September. They were also snapped up for more than double their original purchase price.

Across the country, the average gross profit registered at $223,870, bringing the total profit across all resales to $13.5billion.

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