Date Prepared: 13th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).

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Overview

Cleveland, located 25 km southeast of Brisbane CBD, is a vibrant coastal suburb in the Redland City region. Known for its mix of urban convenience and bayside charm, Cleveland offers a range of housing options, extensive amenities, and recreational opportunities, making it a highly desirable location for families, professionals, and retirees.

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Demographics

• Population: Approximately 15,800 (2021 Census, ABS).
• Median Age: 43 years, indicating a mix of families, working professionals, and retirees.
• Dwelling Type: Predominantly standalone houses with a growing presence of townhouses and units.
• Ownership: High rates of owner-occupiers, with a steady influx of renters.

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Property Market (2024)

Houses

• Median Sale Price: $1,050,000 (+9.4% annual growth).
• Median Weekly Rent: $710.
• Rental Yield: 3.5%.
• Sales Volume: 231 recorded house sales in the past 12 months.

Units

• Median Sale Price: $710,000 (+12.8% annual growth).
• Median Weekly Rent: $575.
• Rental Yield: 4.2%.

Long-Term Trends (2006–2024)

• Cleveland’s property market has shown steady growth, with the median house price increasing from $438,000 in 2006 to $1,050,000 in 2024.

Recent Notable Sales

• 143 Passage Street: Sold for $1,580,000 (Oct 2024).
• 8 Sharven Avenue: Sold for $935,000 (Oct 2024).
• 9 Little Shore Street: Sold for $1,250,000 (Sep 2024).

Source: Pricefinder, Your Investment Property Magazine.

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Education

Cleveland offers excellent educational facilities catering to various needs:

• Primary Schools:
  • Cleveland State School.
  • Bay View State School.
• Secondary Schools:
  • Cleveland District State High School.
• Private Schools:
  • Ormiston College, located in nearby Ormiston.

Source: Queensland Department of Education, Landchecker.

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Amenities and Lifestyle

Shopping

• Cleveland Central Shopping Centre: Includes major retailers, specialty stores, and dining.
• Raby Bay Harbour Precinct: Offers boutique shopping, waterfront dining, and recreational spaces.

Parks and Recreation

• Raby Bay Foreshore Park: A picturesque waterfront area with walking trails, picnic spots, and playgrounds.
• Cleveland Point: Known for its iconic lighthouse and stunning bay views.
• Henry Ziegenfusz Park: Features sports fields, playgrounds, and green spaces for outdoor activities.

Source: Google, Walkscore.

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Transport and Accessibility

• Road Network:
  • Cleveland is accessible via Shore Street and Finucane Road, providing direct connections to Brisbane and the Redlands Coast.
• Public Transport:
  • Cleveland train station offers regular services to Brisbane CBD.
  • Bus routes provide extensive coverage within Cleveland and nearby suburbs.
• Walkability:
  • Highly walkable in key areas, particularly around the shopping and foreshore precincts.

Source: TMR Queensland, Walkscore.

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Recent and Planned Developments

• Residential Growth: Continued development of high-end apartments and townhouses near the waterfront.
• Commercial Expansion: Upgrades to the Raby Bay precinct, enhancing retail and dining experiences.

Source: Pricefinder, Your Investment Property Magazine.

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Community and Employment

• Employment Sectors:
  • Retail, healthcare, education, and tourism dominate Cleveland’s local economy.
• Community Activities:
  • Regular farmers’ markets, art festivals, and waterfront events foster a strong sense of community.

Source: ABS, Your Investment Property Magazine.

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Key Statistics at a Glance

Metric	Value
Population	~15,800 (2021 Census).
Median House Price (2024)	$1,050,000.
Median Rent (Houses)	$710/week.
Rental Yield (Houses)	3.5%.
Median Unit Price (2024)	$710,000.
Median Rent (Units)	$575/week.
Rental Yield (Units)	4.2%.
Notable Parks	Raby Bay Foreshore, Cleveland Point, Henry Ziegenfusz Park.
Transport Access	Cleveland Train Station, Shore Street, Finucane Road.

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Conclusion

Cleveland is a standout suburb, combining bayside living with urban convenience. Its strong property market, excellent amenities, and vibrant community make it an ideal choice for families, professionals, and investors seeking long-term growth and lifestyle benefits.