Cleveland is a well-established suburb in Queensland within the Redland local government area (postcode 4163). With a population of 15,850, the suburb has a mature demographic with a median age of 51. Households earn a median income of $74K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Cleveland is $1.0 million, having surged 11.4% over the past year. Units have a median price of $695,000 (+10.3% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 3.5%. 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 3,545 incidents per 100,000 population.
From an investment perspective, Cleveland offers a gross rental yield of 3.5%, 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.
Cleveland is a well-established suburb in Queensland within the Redland local government area (postcode 4163). With a population of 15,850, the suburb has a mature demographic with a median age of 51. Households earn a median income of $74K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Cleveland is $1.0 million, having surged 11.4% over the past year. Units have a median price of $695,000 (+10.3% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 3.5%. 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 3,545 incidents per 100,000 population.
From an investment perspective, Cleveland offers a gross rental yield of 3.5%, 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.