Cleveland is a settled mid-to-large suburb in Queensland within the Redland local government area (postcode 4163). It is home to about 15,850 residents, with a settled, mature resident base and a median age of 51. Households earn a median income of $74K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Cleveland has a median house price of $1.0 million, which has climbed sharply by 11.4% year-on-year. Units have a median price of $695,000 (+10.3% YoY). The current median weekly rent is $720. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,000.
Cleveland is served by 4 schools, including 2 primary, 2 secondary. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 2 rail stations, 1 ferry wharf, 81 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Redland LGA is below average at 3,602 incidents per 100,000 population.
Looking at the investment signals, Cleveland shows a gross rental yield of approximately 3.7%, rated as moderate yield. Property prices are near the state median ($1.0M/$1.1M). The price-to-income ratio of 13.8x is considered stretched. House prices have moved +11.4% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.