Investment property in Cleveland has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.12%
The five-year average increase in median property values for Cleveland,4163 has given property investors a potential capital gain of 18.09% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.23% offered to property buyers. Sellers in Cleveland itself are offering an average vendor discount of -6.04% to real estate investors.
Situated 24.98km from the CBD, Cleveland is one of Redland localities in the postcode 4163.
Property value increases in Cleveland have tracked lower than the QLD average of 1.23% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Cleveland comes in at number 163th in QLD.
The most recent median price for Cleveland is $387225, with sellers offering an average of -5.32% off the asking price.
Residents and property investors in Cleveland have been waiting around 90.93 days to sell a property.
Cleveland is 209th on a list of best yielding suburbs for rents in QLD with a 5.24% return