Get a property report and suburb profile for any property in Cleveland

Cleveland sits on Moreton Bay's western edge, centred on its foreshore, jetty and the heritage lighthouse at Cleveland Point. A village-style shopping and dining precinct near the pier, the marina at Raby Bay and parkland along the esplanade make boating and waterside recreation part of everyday life. Housing ranges from older Queenslanders and timber cottages near the town centre to modern family homes and waterfront apartments, and the suburb is served by a train terminus and regular ferry connections to the bay islands.

About 15,850 people live in Cleveland; the median age is 51 and the median household income is $1,430 a week. The community includes many couple families with and without children, along with downsizers and commuters, and roughly seven in ten homes are owner-occupied. Council projects cover foreshore protection trials, seawall and revetment works, renewal programs for the aquatic centre and library, and an ongoing town-centre revitalisation. Whether that mix suits you will come down to the kind of bayside lifestyle you want.

On these figures, housing in Cleveland sits well above what local households were earning at the last Census. A house rent of $750 a week would take about 52.4% of a typical local household's weekly income at the last Census, and a unit rent of $650 a week would take about 45.5% — both a large share of income. Buying is further from local incomes: the median house price of $1,241,500 is about 16.7 times a typical local annual household income at the last Census, while the median unit price of $1,009,000 is about 13.6 times.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Two clear moves stand out for Cleveland this year: median house values climbed 12.1% and unit rents also rose 12.1% over the past 12 months. A 12.1% lift in house values is a strong rise in what houses are worth, and a 12.1% jump in unit rents is a strong increase in the income units are earning.

Unit values were up 8.4% and house rents rose 5.6%, both solid increases. Put in investment terms, the house side has shown the larger price movement while the unit side has delivered the stronger rental growth. Which of those outcomes matters to you depends on whether you prioritise capital growth or rental income and on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.