Property value increases in Cleveland have tracked close to the QLD average of 2.06% over the last 12 months.
While Cleveland,4163 ranked number 458th in QLD for increase in median house value (annualised) increase, it is ranked 225th over the last 5 years.
Our latest figures would indicate that property sellers in Cleveland are currently offering property investors an average price cut of -5.87% below the asking price at the moment.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 3.07%, investors should hope to achieve an overall return of 4.01%
Property investors who have had real estate in Cleveland, 4163 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.85%
Cleveland,4163 has offered an average of 3.85% return per annum in house price rises to property investors over the last three years.
Cleveland, 4163 is offering QLD ‘s 238th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this QLD.
In the last year 171 properties changed hands in Cleveland, which puts it as the 51th most active market in QLD when comparing the number of sales per suburb.