Cleveland, 4163 ranked 769th in QLD when comparing growth in median property values or capital gain over the last 12 months. Cleveland is one of 2415 in our list for QLD
The five-year average increase in median property values for Cleveland,4163 has given property investors a potential capital gain of 12.50% across each of those five years.
Sellers are offering property buyers an average discount of -5.93% to buyers in Cleveland at the moment, which is less than average for the rest of QLD.
With the median price for a house in Cleveland being $585000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 4.27%
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 -2.50%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cleveland has fallen somewhat when compared to the 5 year average annual rate.
Vendor discounting in Cleveland is giving property investors an average Vendor Discount of around -6.61%. This puts suburb at number 86th in QLD when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Cleveland the average time real estate has been on the market is 97.8919 days.
With the median price for a house in Cleveland being $390000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 5.33%