With a capital gain of -0.17% for the last 12 months, Cleveland, 4163 has performed for property investments than its average annual 2.71% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Cleveland comes in at number 374th in QLD.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.86% offered to property buyers. Sellers in Cleveland itself are offering an average vendor discount of -5.11% to real estate investors.
Often selling an investment property can take time, and in Cleveland the average time real estate has been on the market is 59.6 days.
If you compare the increase in value of investment property in Cleveland, 4163 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.50%.
While Cleveland,4163 ranked number 158th in QLD for increase in median house value (annualised) increase, it is ranked 101th over the last 5 years.
Property investors looking for a bargain in Cleveland should be aiming for at least -4.82% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Cleveland being $410000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 4.95%