5/21 Passage Street, Cleveland QLD 4163
5/21 Passage Street, Cleveland QLD 4163
3 bed 2 bath 2 car townhouse | downsizer to family appeal | body corporate fees around $25 per week | medium-density Cleveland pocket near commuter links
This townhouse is competitively configured for the Cleveland market, where a three-bedroom two-bathroom two-car format is well suited to downsizers and families alike. Its location in a medium-density residential pocket near the CBD, rail, and ferry corridor gives it practical day-to-day convenience, and the body corporate fees of roughly $25 per week, as indicated by a nearby comparable, suggest ongoing costs are manageable. The property serves best those seeking a lock-and-leave lifestyle without sacrificing space or parking, and its positioning toward owner-occupier demand signals stable appeal.
What may materially affect value is the lack of confirmed interior finishes, building age, and aspect from available information, as these details can influence a buyer’s perception of quality and price. The 111 mยฒ lot size of a nearby comparable townhouse offers a rough guide but is not definitive for this unit, so the actual land area should be verified. Strata dependence and less land autonomy are inherent trade-offs in this product type, and while the fees appear reasonable, any future special levies or complex maintenance issues could shift value. A buyer weighing price should inspect the property thoroughly and consider how these factors compare to other options in the immediate area.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 5/21 Passage Street, Cleveland QLD 4163
Market Insight:
Cleveland is a mature, owner-occupied suburb with a professional demographic, positioned as a relatively affordable coastal alternative for interstate buyers from Sydney and Melbourne. This migration, alongside low inventory, is driving strong demand, evidenced by houses selling in approximately 24 days. Recent annual price growth is robust, ranging from 10.6% to 18.1% for houses, supported by very low vacancy rates and solid rental yields. Future growth is underpinned by Southeast Queensland’s infrastructure pipeline, including the 2032 Olympics, though key constraints are acute supply shortages and affordability pressures from significant price appreciation and higher interest rates.