Cleveland

POSTAL CODE: QLD, 4163

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 45.52% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,250,000

The augmented property values in the suburb are trailing above the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $725.

Home owners selling their properties and realtors in CLEVELAND usually have to wait an average of 42.5 days days before their assets are lifted off the market.

The QLD suburb ranks 597th on the list of best yielding suburbs for rental properties in QLD, posting a 3.02% return.

It also places places 661st in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 10.28% over the last 12 months in CLEVELAND, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that CLEVELAND, 4163 obtained a 7.09% growth over a ten-year period. It ranks 471st on our list of suburbs that property investors should look into.

CLEVELAND, 4163 has a capital gain of 10.28% for the past year, which is lower than average compared to its 87.74% growth within a five-year period.

With the median home price in CLEVELAND sitting at $788,500, and the average rent at $620, property owners could potentially earn a 4.09% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CLEVELAND are low, as opposed to average gains per annum over the past five years.

CLEVELAND, 4163 in QLD belongs to the local government area of Redland.

Surburb overview

Cleveland is a coastal suburb located approximately 29.4 kilometres east-southeast of Brisbane's central business district. It serves as the administrative centre of Redland City and has a population of 15,850 as of the 2021 census.

Situated on the western shores of Moreton Bay, Cleveland comprises commercial, residential, and industrial areas. The suburb includes Raby Bay, a canal estate and marina development, and Toondah Harbour, the central marine transport hub providing access to North Stradbroke Island. The area features coastal wetlands, sandbanks, mudflats, and mangroves, supporting diverse wildlife, including dugongs, turtles, and migratory shorebirds like the critically endangered eastern curlew.

Established in 1850, Cleveland has a rich history with several heritage-listed sites, such as St Paul's Anglican Church, the Grand View Hotel, and the Cleveland Point Light. These sites reflect the suburb's development and historical significance in the region.

Cleveland is accessible via major roads like Finucane Road and Bloomfield Street. The Cleveland railway station offers regular Queensland Rail City network services to Brisbane. Toondah Harbour is the departure point for ferries and water taxis to North Stradbroke Island, making Cleveland a vital transport hub for the Moreton Bay islands.

The suburb hosts several cultural facilities, including the Redland Art Gallery, Redland Museum, and the Redland Performing Arts Centre. The Cleveland Library, operated by the Redland City Council, is located at the corner of Bloomfield and Middle Streets. G.J. Walter Park offers recreational spaces along the coastal foreshores, and the Cleveland Showgrounds host various events, including the annual RedFest.

Cleveland provides educational institutions such as Cleveland State School (primary education), Star of the Sea Primary School (Catholic primary education), and Cleveland District State High School (secondary education). The Australian Industry Trade College - Redlands also offers specialised senior secondary education on trade careers.

The median sale price in Cleveland is approximately $1,052,500 for houses and $720,000 for units. Over the past 12 months, the median growth for houses has been 10.56% and 22.03% for units. During this period, 264 homes and 161 units were sold, with houses spending an average of 16 days on the market and units 19 days.

Cleveland's blend of coastal charm, historical significance, and modern amenities makes it a vibrant and desirable suburb within the Redland City region.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,250,000	$788,500
Growth Report
Median Quarterly	2.04%	6.2%
Median 12 month	16.82%	10.28%
Median 3 years	45.52%	32.52%
Median 5 years	89.39%	87.74%
10 years average annual	8.63%	7.09%
Weekly media advert. rent	$725	$620
Time on Market	42.5 days	39.2 days
Gross Rental Yield Percent	3.02%	4.09%

Demographics (Median Values)*

Total Population 13585

Weekly Household Income 1007

Household Size 2.40

Average 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.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type