Cleveland at a glance
17,053
People
$1,270,000
Median sale
$677/wk
Median rent
2.77%
Suburb gross yield
Median sale from 81 recorded sales (last 12 months) — a Districts calculation.
$1,450,000
Last sold
20 Mar 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
706 m²
Land
205 m²
Building
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,450,000
20 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Cleveland (last 5 years) with land size have a median of $1,751/m² of land (n=71). Districts calculation from recorded sales — not a valuation.
Cleveland at a glance
17,053
People
$1,270,000
Median sale
$677/wk
Median rent
2.77%
Suburb gross yield
Median sale from 81 recorded sales (last 12 months) — a Districts calculation.
Vs Cleveland
+14.2%
Median sale
Suburb $1,270,000
-0.34 pp
Gross yield
Suburb 2.77%
Suburb median $1,270,000 from 81 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $677/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Cleveland at a glance
17,053
People
$1,270,000
Median sale
$677/wk
Median rent
2.77%
Suburb gross yield
Median sale from 81 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Arthur Conias Real Estate Ashgrove* Strong land size and frontage ideal for redevelopment or landbank^
* Prime allotment for multi-storey apartment complex^
* 2 x 3-bedroom low-set post-war homes with leases in place
* Ideal for developers and long-term strategic investors
* Enviable bayside location; moments from foreshore & amenities
An exceptional opportunity presents itself within one of Cleveland's most tightly held and rapidly evolving bayside locations. Offered as one combined holding, 58 & 60 Shore Street East comprise a substantial 1,313sqm allotment with generous frontage, presenting an ideal platform for redevelopment^.
This sizeable landholding offers strong potential for a multi-storey residential development^, appealing to developers seeking an immediate project as well as investors positioning for long-term capital growth in a proven lifestyle market. Each lot is currently occupied by a low-set three-bedroom home; further information regarding the tenancies is available upon enquiry.
Located adjacent to the Cleveland Centre, Raby Bay Harbour and Stradbroke Ferry precincts, the site benefits from Redland City Council's long-term master planning and significant public investment across the broader locale. Ongoing and planned upgrades to transport connectivity, streetscape and public spaces, together with continued waterfront investment, are supporting Cleveland's transition into a higher-density, lifestyle-oriented destination.
Cleveland is underpinned by established transport infrastructure, with the site only a short walk from Cleveland railway station and convenient access to major arterial roads and the Gateway Motorway. This provides seamless connectivity to Brisbane and the broader region, enhancing the appeal of the location for residents, renters, and future tenants.
As surrounding precincts continue to be revitalised, medium-density sites of this scale and proximity are increasingly sought-after. The combination of planning certainty, infrastructure investment, and sustained buyer demand positions this offering as a compelling opportunity for developers seeking growth, demand, and long-term value in one of the Bayside's most sought-after residential markets.
Future residents will enjoy an enviable bayside lifestyle, with Cleveland's foreshore, waterfront parklands, cafés and restaurants all within easy walking distance. The nearby Toondah Harbour precinct and ferry services to North Stradbroke Island further enhance the area's lifestyle appeal, offering a unique blend of coastal living, convenience and connectivity only ~28km to the Brisbane CBD.
Offered to the market as one combined holding, 58 & 60 Shore Street East represent a compelling acquisition in a rapidly evolving bayside location. We look forward to receiving your enquiry today.
^ Subject to Council Approval. All development potential is indicative only. Buyers must rely on their own due diligence, enquiries and independent advice with Council and other relevant authorities.
* Important * Whilst every care is taken in the preparation of the information contained in this marketing, Arthur Conias Real Estate will not be held liable for any errors in typing or information. All information is considered correct at the time of publishing.
Please note: Some images within this marketing have been digitally decluttered, digitally staged and/or otherwise digitally altered to protect the privacy of the current tenants. Prospective purchasers are encouraged to complete a physical inspection of the property.
Listing description written by Jack Smith, Arthur Conias Real Estate Ashgrove — reproduced as published, not verified by Districts.