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