Suburb Profile Report for Virginia NT (0834)

Virginia House: Median price $645,000, Annual capital growth 1.69%, Number of sales 18, Weekly median advertised rent $500

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

Virginia has had a pretty good year for property investment returns compared to the rest of NT, giving investors a capital gain of 0.00% to date .

Over the longer term, Virginia has seen property prices show investors a -15.69% return over the last 3 years. This is an improvement over the last 12 months

At number 4th of NT’s most discounted properties, Virginia is in the bottom 10% of the state/territory when listing in order of most discounted to least.

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August 2018

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Located 31km from Darwin and 11km from Palmerston in an outer rural pocket of NT, the suburb of Virginia has been struggling with prices falling since 2013Full summary

Palmerston suburb struggles

Postcode: 0834

Median house price: $630,000

Three-year growth: -17.6%

Rental yield: 5.3%

Located 31km from Darwin and 11km from Palmerston in an outer rural pocket of NT, the suburb of Virginia has been struggling with prices falling since 2013.

Over the year May 2017-2018, house values plummeted by almost 20% to a median of $630,000, with the negative growth looking to continue as the May 2018 quarter reported a 3.1% price fall.

Nonetheless, the suburb has been a relatively robust rental market, as investors achieve 5.3% rental returns in a small market that is about completely occupied (with an average vacancy rate of 0.1%, as per Real Estate Investar). The weekly average rent charged is $640.

Virginia is surrounded by suburbs like Southport, Howard Springs and Bees Creek – all populated by residents who wish to enjoy the local rural lifestyle. Bus services run from Virginia to the neighbouring areas.

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Metrics i HOUSE UNIT
$645,000 N/A
1.98% N/A
0.00% N/A
1.69% N/A
$500 N/A
18 N/A
4.03% N/A
194.6 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Balanced (H), Above average (U)
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