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Virginia, QLD 4014

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$1,310,000

market range $1.3M-$1.5M

Median Unit

$675,000

list-price estimate

Gross Yield (houses)

2.9%

1yr Growth (houses)

+14.1%

market range +2.5% to +20.0%

Investment snapshot for Virginia

Virginia has enough public data for first-pass screening across yield, vacancy, price and supply signals.

Read the full Virginia verdict

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Investment score breakdown

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Virginia market and investor summary

In Virginia, QLD 4014, the median house sells for around $1.3M, on a gross rental yield of 2.9% for houses. House prices have moved +14.1% over the past year and +48.0% over three years. At 0.8% vacancy, it is a tight rental market that favours landlords.

For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking.

Living in Virginia: people, income and schools

Virginia is home to around 2,395 people, and the area has been growing steadily, up about 8% over five years. At a median age of 36, it reads as broadly working-age, and 76% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

The typical household income runs to around $135,000 a year (about $2,590 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 9.7 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 26% over five years, which tends to underpin what local buyers can pay.

Families have 37 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Virginia sits about 11 km from the CBD. It is fairly car-dependent; the suburb scores 48 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
2,395
+8% over 5yr
Median age
36 years
Median household income
$135,000/yr
Households renting
22%
Family households
76%
Socio-economic rank
8/10
ABS advantage index
Schools within 5km
37
avg ICSEA 1080
Unemployment
3.3%
Distance to CBD
11 km
Walk score
48/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Virginia

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Frequently asked questions about Virginia

What should I check before investing in Virginia?

Virginia has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +14.1% in the past year shows strong recent price momentum. 3-year capital growth of +48.0% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Virginia?

The median property price in Virginia, QLD 4014 is $1.3M for houses.

What rental yield does Virginia show?

The gross rental yield in Virginia is 2.9% for houses and 2.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Virginia?

House prices in Virginia are up 14.1% over the past year and up 48.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Virginia?

The current vacancy rate in Virginia is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Virginia?

Virginia has a population of approximately 2,395 residents, with a median age of 36.

What schools are near Virginia?

There are 37 schools within roughly 5km of Virginia. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Virginia affordable to buy in?

A median house in Virginia costs about 9.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Virginia's population growing?

The population of Virginia has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Virginia from the CBD?

Virginia is about 11 km from the CBD.

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