All About Cape Cleveland, Townsville, QLD, 4810

Cleveland Bay, often simply referred to as Cape Cleveland, is a serene locality near Townsville, Queensland, offering a distinctive blend of coastal and rural living that appeals to both families and retirees. The housing market in Cape Cleveland is characterized by a selection of spacious properties, often featuring larger land sizes compared to suburban areas, making it an attractive option for those looking for privacy and space. The market sees moderate activity, with homes typically presenting as well-built, often with traditional Queenslander designs that capture the region's charm. Prices tend to be more affordable than in the bustling heart of Townsville, presenting opportunities for buyers seeking a relaxed lifestyle close to nature without the premium price tag of city living.

Living in Cape Cleveland is defined by a peaceful and community-focused environment, surrounded by natural beauty. Residents enjoy easy access to the ocean and scenic landscapes, including the nearby Cape Cleveland lighthouse and protected areas, perfect for outdoor activities like hiking, fishing, and bird-watching. The area is known for its mild winters and warm summers, offering an enviable year-round climate. While Cape Cleveland provides a tranquil retreat from urban hustle, essential amenities and the vibrant cultural and commercial activities of Townsville are just a short drive away, ensuring that residents have the best of both worlds—seclusion and convenience. The close-knit community often gathers for local events and social activities, fostering a sense of belonging among its residents.

Cape Cleveland Real Estate Market Outlook

Thinking about buying in Cape Cleveland? Now could not be a better time, with just 167 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $393,000 with prices in this suburb ranging from $393,000 to $393,000. Cape Cleveland is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Cape Cleveland due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Cape Cleveland changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Cape Cleveland necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Cape Cleveland we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Cape Cleveland a better buying opportunity than it may have been in the past.

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