Fraud Blocker

Virginia, NT 0834

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Virginia, NT 0834 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Virginia, NT 0834”

  1. The total adult population (15 years or older) of Virginia 0834 NT is 1,496, with a median age of 43. Of those, 49.20% are married, 12.50% are divorced or separated, 35.76% are single and 2.74% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $12,020. The median monthly mortgage repayment for households in this suburb is $2,500 which is 20.80% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the Northern Territory, the suburb of Virginia is home to approximately 707 households. At the close of Q3 in 2023, the typical house price in Virginia 0834 stood at $902,207, with the median weekly rent set at $624. These figures align to generate an indicative yield of approximately 3.6%. This yield rate adequately satisfies the minimum market requirement for cashflow-focused property investors, who typically favour markets with yields above 3%.

    Virginia boasts a remarkable socio-economic score of 1051 out of 1200, indicating that the area enjoys a relatively high earning potential, access to economic resources, and a pool of skilled professionals. This favourable IRSAD score potentially contributes to the suburb’s attractive renter to owner ratio which stands at just 18%, significantly lower than the questionable 45% threshold. This lower ratio signifies fewer renters in the neighbourhood, thereby reducing the risk, competition, and potential for lower returns that characterize renter-saturated markets.

    This suburb doesn’t echo the trend of certain property markets that display a higher proportion of units over houses and consequently run the risk of oversaturation with rentals. Virginia’s unit to house ratio sits effectively at 0%, pointing to limited competition amongst landlords and potentially longer tenancy periods.

    The affordability index for Virginia is also noteworthy, clocking in at 29 years. While this figure sits just shy of the standard 30-year mortgage period, it’s comfortably lower than the 31-year point that signals decreased affordability. This essentially means that houses in Virginia can still be considered relatively affordable investments.

    Supply metrics in Virginia are quite positive. The stock on market Percentage is a mere 0.14%, considerably lower than the 1.3% threshold that implies an oversaturated high supply market. In terms of inventory, Virginia’s level for houses is just 0.8 months, well within the favourable low supply market range of below 2 months. The building approvals ratio, at 2.4%, hints at a reasonably balanced property market however it is right at the boundary and should be monitored for any potential oversupply of new dwelling stock.

    While the days on market figure of 246 does suggest lower market demand, this is somewhat offset by the suburb’s vacancy rate of 1.56%, placing it within the neutral range. Moreover, the buy search index for houses is 8, indicating high demand and further countering the higher DOM value.

    While some metrics sit in less favourable ranges, Virginia’s property market as a whole demonstrates much resilience, with the majority of its key metrics in the green. This analysis highlights the importance of RCS (Relative Composite Score), developed by HtAG Analytics to facilitate efficient property market research utilizing more than 80 metrics. Remember, the trends of these metrics are equally as important as their individual values, and tracking these trends can provide valuable insights into potential property investment opportunities.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment