Suburb Profile Report for Virginia QLD (4014)

Virginia House: Median price $540,000, Annual capital growth 5.57%, Number of sales 46, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Over the last year, property investments in Virginia, 4014 have given investors a capital gain of -2.70%. This compares badly with the 2.06% for QLD as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Virginia has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Virginia are currently offering property investors an average price cut of -4.96% below the asking price at the moment.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 4.04%, without taking into account capital value appreciation, which has been averaging out at 5.57%.

Metrics i HOUSE UNIT
$540,000 N/A
1.89% N/A
-2.70% N/A
5.57% N/A
$420 N/A
46 N/A
4.04% N/A
46.75 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 2061
Median household income ($/weekly) 1621
Median age of persons 34
Median housing loan repayment ($/monthly) 2215
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 221 10.7
    25-34 years 385 18.7
    35-44 years 355 17.2
    45-54 years 248 12.0
    55-64 years 194 9.4
    Others 657 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 685 45.2
    Not Married 622 41.1
    Defacto Relationship 208 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1538 80.8
    Croatia 31 1.6
    Papua New Guinea 86 4.5
    United Kingdom 64 3.4
    Other 62 3.3
    Others 122 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 19 1.0
    Christianity 1291 70.2
    Islam 18 1.0
    Other Religious Groups 24 1.3
    No Religion 471 25.6
    Others 16 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 52 7.8
    $1,250-$1,499 53 7.9
    $1,500-$1,999 92 13.8
    $2,000-$2,499 91 13.6
    $2,500-$2,999 86 12.9
    Others 295 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 746 47.9
    Not in the labour force 413 26.5
    Employed, worked part-time 279 17.9
    Employed, away from work 69 4.4
    Unemployed, looking for work 49 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 126 11.5
    Professionals 251 23.0
    Technicians & trades workers 159 14.6
    Community & personal service workers 104 9.5
    Clerical & administrative workers 188 17.2
    Others 264 24.2
    Occupation
    Census Count Percent(%)
    Pre-school 23 5.6
    Infants/Primary 159 38.5
    Secondary 69 16.7
    Technical or Further Educational Institution 51 12.3
    University or other Tertiary Institutions 93 22.5
    Others 18 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1807 95.7
    Semi-detached, row or terrace house, townhouse 53 2.8
    Flat, unit or apartment 23 1.2
    House or flat attached to a shop, office 5 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 320 43.7
    Fully owned 222 30.3
    Rented 190 26.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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