Cleveland, 4163 ranked 364th in QLD when comparing growth in median property values or capital gain over the last 12 months. Cleveland is one of 2415 in our list for QLD
A 18.98% growth in median value for property investors in Cleveland,4163 puts this suburb at number 524th in terms of best performing suburbs in QLD
Cleveland4163 is located in QLD which offers an average discount of -7.32% to property investors. Cleveland itself is showing figures that indicate -5.66% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 20.92 sales per month, which equates to 251 per year.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.92%, without taking into account capital value appreciation, which has been averaging out at 3.58%.
Investment property in Cleveland has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.71%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cleveland has fallen somewhat when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cleveland, 4163. Typically our figures indicate that -5.29% is being offered, which puts this QLD suburb at 675th most discounted overall in Australia.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 3.33%, investors should hope to achieve an overall return of 5.30%