Hello all, I'm considering Cleveland Qld for buying a townhouse. However, I've noticed that the current vacancy rates are quite high (around 2.5-3%). Does anyone familiar with the area know if it's normal for that area? Is this just seasonal thing as I assume the vacancy rate must be lower in summer? I've also noticed that there is quite a lot of construction going at the moment (in particular units and townhouses) which seems to have negative impact on the rent rates and prices.