QLD has seen average median house prices change by 2.53% which means that Cleveland, 4163 has done well for property investors by showing a capital gain of 4.99% over the last year
The five-year average increase in median property values for Cleveland,4163 has given property investors a potential capital gain of 18.33% across each of those five years.
Property investors looking for a bargain in Cleveland should be aiming for at least -6.18% 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 $610000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 4.01%
Over the last year, property investments in Cleveland, 4163 have given investors a capital gain of -6.43%. This compares badly with the 0.66% for QLD as a whole.
A 17.31% growth in median value for property investors in Cleveland,4163 puts this suburb at number 296th in terms of best performing suburbs in QLD
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.78% offered to property buyers. Sellers in Cleveland itself are offering an average vendor discount of -5.43% to real estate investors.
The QLD suburb of Cleveland, 4163 is in the Redland local government area.