Suburb Profile Report for Virginia QLD (4014)

Virginia House: Median price $577,000, Annual capital growth 5.39%, Number of sales 60, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Expert Report

At number 2004th in the list of Australian suburbs ordered by increase in median house value over the last year, Virginia, 4014 is in the top half with a property value increase of 6.61% recorded in median house prices.

Virginia,4014 was ranked 793 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Virginia are currently offering property investors an average price cut of -3.37% below the asking price at the moment.

Situated 9.75km from the CBD, Virginia is one of Brisbane localities in the postcode 4014.

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April 2017

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As a suburb of Brisbane, Virginia is a well-located residential area attracting residents year after year. While its house prices have been declining recently, the average vacancy rate indicates that this suburb remains quite in demand, plummeting from 2.13% in 2016 to 0.93% this year.Full summary

Brisbane suburb is full up on occupants
Median house price: $527,000
Vacancy rate: 0.93%
Three-year growth: 21.15%

As a suburb of Brisbane, Virginia is a well-located residential area attracting residents year after year.

While its house prices have been declining recently, the average vacancy rate indicates that this suburb remains quite in demand, plummeting from 2.13% in 2016 to 0.93% this year. Furthermore, average sales discounts are just over 5%, while yields are reasonable at over 4%.

Due to its proximity to the CBD, Virginia is less a commercial hub than a residential suburb dominated by Queenslander-style houses. Schools are located in neighbouring suburbs such as Banyo, while Boondall to the north is home to the Brisbane Entertainment Centre.

Commuters can travel to Brisbane and Caboolture by train through the Virginia railway station. Bus services are provided as well. Brisbane can also be reached by car passing through several routes, including the M3 motorway.  
 

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Metrics i HOUSE UNIT
$577,000 N/A
4.91% N/A
6.61% N/A
5.39% N/A
$420 N/A
60 N/A
3.79% N/A
37.4 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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