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Cleveland
AREA REPORTS

Cleveland

Cleveland - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4163

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 13.31% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $715,000

The augmented property values in the suburb are trailing above the territorial average of 11.8% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $520.

Home owners selling their properties and realtors in CLEVELAND usually have to wait an average of 43.5 days days before their assets are lifted off the market.

The QLD suburb ranks 562nd on the list of best yielding suburbs for rental properties in QLD, posting a 3.78% return.

It also places places 452nd in Australia based on median property value growth during the quarter.

Data report can be found below

Cleveland
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $715,000 $445,000
GROWTH REPORT
Median Quarterly 4.38% 2.3%
Median 12 month 15.51% 7.55%
Median 3 years 13.31% 14.1%
Median 5 years 22.64% 11.25%
10 years average annual 3.99% 1.48%
Weekly media advert. rent $520 $420
Time on Market 43.5 days 66.0 days
Gross Rental Yield Percent 3.78% 4.91%
demographics (median values)*
Total Population
13585
Weekly Household Income
1007
Household Size
2.40
Age
46
Monthly Loan Repayment
1517
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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