If you compare the increase in value of investment property in Virginia, 4014 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.70%.
Over the longer term, Virginia has seen property prices show investors a 13.43% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Virginia is giving property investors an average Vendor Discount of around -5.63%. This puts suburb at number 491th in QLD when ranking the most discounted suburbs.
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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.