Lot 1108 - ROOMING - Cleveland - Cleveland

Description

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Cleveland is a coastal suburb in Redland City, Queensland, located approximately 32 km southeast of Brisbane’s CBD. It serves as the administrative and commercial centre of Redland City and is well known for its scenic waterfront, relaxed lifestyle, and strong community atmosphere.

As of the 2021 Census, Cleveland had a population of 15,851 residents, with a median age of 51, reflecting a mature demographic. The average household size is 2.3 people, and the median weekly household income is $1,430. Around 30% of the population is aged 65 and over, showing the suburb’s popularity among retirees.

The property market in Cleveland has experienced steady growth. The median house price is approximately $1,078,750, with an annual capital growth of over 12%. Units have a median price of $720,000 and show similar yearly growth. Houses in the area tend to sell quickly, typically within 18 days, and units follow closely behind, averaging around 20 days on the market.

In the rental sector, houses in Cleveland command a median rent of $710 per week, providing a rental yield of just over 3%. Units rent for about $600 per week, with a slightly higher rental yield of around 3.6%.

Cleveland offers a wide range of local amenities, including shopping centres, cafes, waterfront parks, and healthcare services. It is well-connected via public transport, with a local train station offering regular services to Brisbane and neighbouring suburbs. The suburb’s coastal setting, combined with its infrastructure and amenities, makes it a highly attractive choice for families, professionals, and retirees seeking a laid-back yet well-serviced lifestyle.