Cleveland has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.00% to date .
While Cleveland,4163 ranked number 735th in QLD for increase in median house value (annualised) increase, it is ranked 432th over the last 5 years.
Property investors looking for a bargain in Cleveland should be aiming for at least -5.22% off the asking price, which is the average vendor discount being achieved at the moment.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 2.61%.
Cleveland, 4163 ranked 109th 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
Across a shorter period, Cleveland, 4163 has seen a median price increase of 2.66% over the last quarter.
Property investors looking for a bargain in Cleveland should be aiming for at least -4.29% off the asking price, which is the average vendor discount being achieved at the moment.
Cleveland is 225th on a list of best yielding suburbs for rents in QLD with a 5.07% return