Cleveland NSW 2530: Property Market Report & Real Estate Insights

Part of Wollongong, NSW

Cleveland Real Estate Market Outlook

Thinking about buying in Cleveland? Now could not be a better time, with just 9 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $8,214,000 with prices in this suburb ranging from $1,031,000 to $37,101,000. Cleveland is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Cleveland

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Cleveland is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in Cleveland provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Cleveland necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Nearby Suburbs

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