At number 3227th in the list of Australian suburbs ordered by increase in median house value over the last year, Cleveland, 4163 is in the BOTTOM 30% with a property value increase of -1.29% recorded in median house prices.
Over the longer term, Cleveland has seen property prices show investors a 12.75% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Cleveland is giving property investors an average Vendor Discount of around -5.08%. This puts suburb at number 579th in QLD when ranking the most discounted suburbs.
At number 1335 in a list of fastest selling suburbs, Cleveland is in the TOP 40% of suburbs in Australia with an average of days on market 64.13 for properties listed there.
Advertised rents are around the $460 mark per week – giving a return of 4.16% based on the median price in Suburb
QLD has seen average median house prices change by 0.15% which means that Cleveland, 4163 has done well for property investors by showing a capital gain of 0.00% over the last year
Comparing Cleveland,4163 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 224th of QLD’s most discounted properties, Cleveland is in the TOP 30% of the state/territory when listing in order of most discounted to least.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.95%, without taking into account capital value appreciation, which has been averaging out at 2.73%.