Property value increases in Virginia have tracked just higher than the QLD average of 12.16% over the last 12 months.
A 34.34% growth in median value for property investors in Virginia,4014 puts this suburb at number 722th in terms of best performing suburbs in QLD
Advertised rents are around the $500 mark per week – giving a return of 3.56% based on the median price in Suburb
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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.