Image by Kgbo, CC BY-SA 4.0 via Wikimedia Commons
Dreaming of a stunning home by the sea? Cleveland has to be on your list of suburbs to explore. Nestled between Wellington Point and Victoria Point with views over Peel and North Stradbroke islands, there is no doubt that postcode 4163 has much to offer. With a charming mix of heritage buildings, sea breezes, and leafy surrounds with large blocks juxtaposed against modern bayside apartment living, Cleveland holds appeal to a broad spectrum of homebuyers.
As a South East Queensland seaside suburb, properties in Cleveland can be vulnerable to all manner of nasty surprises. So before you get your heart set on a dream home, you’ll want to ensure the property isn’t harbouring any hidden horrors! How? With a pre-purchase property inspection, of course! Trust Action Property Inspections to give you the complete picture of the property you’re considering.
A Charming Coastal Lifestyle
Cleveland is a gorgeous seaside suburb of Redland City Council, just a 30-minute drive from Brisbane’s CBD. Conveniently located for workers and day-trippers, the train line extends all the way through Brisbane City to Shorncliffe and the bay providing access to both Stradbroke and Moreton Islands.
Cleveland boasts leafy streets, beautiful sea views, parks and green spaces. Its lovely village atmosphere makes it popular with professionals and families with children.
Image courtesy of Tanya Dedyukhina, CC BY 3.0, via Wikimedia Commons
Cafe culture reigns supreme here, and the Raby Bay Harbour restaurant precinct provides fabulous dining options with views to match. Boutique shopping along the foreshore is plentiful. Weekly farmers’ markets are a highlight.
Cleveland is home to Redland Hospital, Mater Private Hospital, and the Redlands Satellite Hospital. Schools in the suburb include Cleveland State Primary School, Star of the Sea Catholic Primary School, and Cleveland District State High School.
Buying and Investing in Cleveland
A beautiful suburb with fabulous amenities comes with a price tag. The median price for a 4BR house in Cleveland is $960,000 while units go for $642,000.
If investing in property in Cleveland is something you’re interested in, rental yields for houses are currently 3.47%, with an average rent of $700 per week. For units, rental yields are currently 4.42% with an average rent of $590 per week.
The Common Cleveland Property Problems
Given Cleveland’s proximity to the sea and its historic buildings and houses, Cleveland properties can be susceptible to a range of underlying issues, including:
- termite damage;
- rot and wood damage;
- metal rust; and
- storm damage.
To ascertain the level of damage that may lie under the surface, you need to secure a pre-purchase property inspection with an experienced inspector who knows the local conditions.
Take a look at more Redland Bay suburbs here.
