Cleveland has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -0.86% to date .
Across a shorter period, Cleveland, 4163 has seen a median price increase of -1.03% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.16% offered to property buyers. Sellers in Cleveland itself are offering an average vendor discount of -5.18% to real estate investors.
Residents and property investors in Cleveland have been waiting around 68.07 days to sell a property.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 2.74%, investors should hope to achieve an overall return of 4.16%
At number 699th in the list of Australian suburbs ordered by increase in median house value over the last year, Cleveland, 4163 is in the top half with a property value increase of 4.65% recorded in median house prices.
Cleveland,4163 was ranked 1006 in Australia by increase in median property value over the quarter.
Property buyers and investors in Cleveland 4163 should be seeing an average reduction in asking price of around -4.39% . This means that Cleveland is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Cleveland being $405000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 5.01%