54/2 Masthead Dr, Cleveland is a 2 bedroom, 2 bathroom Unit with 2 parking spaces.
Proudly positioned on the cusp of Raby Bay and a short stroll to local amenities and conveniences, this spacious light-filled apartment offers spectacular Bayside living. Ideal for "empty nesters", retirees wanting to lock up and travel, young professionals wanting to enjoy their weekends or just a great investment opportunity (currently tenanted with a rental yield upwards of 5.4%), this Harbourside apartment ticks all the boxes.
Perched within the Raby Bay Harbour precinct, you will be spoilt for choice with an array of restaurants, cafes, bars, shops and public transport including bus and rail all within a short stroll. Taking full advantage of its beautiful Bayside location, this apartment features a wide wrap-around balcony and spacious interiors whilst capturing glorious morning sunshine and ample natural light and warmth offering an unmissable place to call home.
- Fantastic convenient bayside location with a wonderful community vibe
Whether a home owner or an investor, you simply can't go past this opportunity to secure a low maintenance property in a sought-after Bayside location.
The size of Cleveland is approximately 11.7 square kilometres. There are 55 parks, covering nearly 19.2% of the total area. The population of Cleveland in 2016 was 14801 people. By 2021 the population was 15850 showing a population growth of 7.1% in the area during that time. The predominant age group in Cleveland is 60-69 years. Households in Cleveland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cleveland work in a professional occupation.In 2021, 66.80% of the homes in Cleveland were owner-occupied compared with 62.20% in 2016.
Cleveland has 9,246 properties. Over the last 5 years, Houses in Cleveland have seen a 84.68% increase in median value, while Units have seen a 102.66% increase. As at 31 May 2026:
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