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Virginia, QLD 4014

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, QLD 4014 located in Brisbane 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™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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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.

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0 thoughts on “Virginia, QLD 4014”

  1. The total adult population (15 years or older) of Virginia 4014 QLD is 1,866, with a median age of 36. Of those, 51.18% are married, 10.34% are divorced or separated, 35.16% are single and 2.95% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $11,912. The median monthly mortgage repayment for households in this suburb is $2,200 which is 18.47% of their earnings.

    Source: ABS Census Data (2021)

  2. In Q3 of 2023, we turn our focus to the suburb of Virginia 4014, located in Queensland, that’s home to approximately 1487 households. The typical prices for houses in this suburban gem are set at an average of $913,685. The weekly median rental price in Virginia stands at $626, yielding an impressive 3.56%. This indicative yield trails above the 3% minimum attractive market threshold for cash flow-centered property investors, making it a viable potential investment.

    Diving into the socio-economic aspects of Virginia, we find that the region boasts a respectable IRSAD score of 1084 out of a possible 1217. This high score underscores the desirable socio-economic status of the local population, reflecting superior economic resource access, and a population predominantly made up of skilled professionals earning relatively high incomes.

    In terms of property ownership in Virginia, the renter to owner ratio is at 22%. Falling comfortably below 30%, this low ratio enriches the investment potential of the area, reducing investment risk and high competition with other property investors often experienced in renter-saturated markets.

    In Virginia, the units to houses ratio is recorded at 0%, indicating a distinct lack of units. This landscape featuring more houses than units traditionally attracts a more family-orientated resident base, capable of supporting longer tenancy periods and potentially higher rental yields.

    Paying consideration to the affordability index, the required duration to fully own a house in Virginia, is estimated at 30 years. Although on the higher end of the spectrum, it’s still within the favourable range, suggesting a moderate level of affordability for potential homeowners in the area.

    Turning our attention to supply metrics, Virginia exhibits a stock on market Percentage of 0.34% for houses, falling within the favourable zone and indicating a low supply. This situation is further reflected in the inventory level standing at 1.43 months—again, an indication of a favourable low supply. Nevertheless, the building approvals Ratio sits at 0.74%, signaling a moderate increase in the supply of new dwellings on the horizon.

    For demand metrics, the average days on market for houses in Virginia is 42 days, sitting marginally above the favourable zone. The vacancy rate, recording a combined figure for both houses and units, is at a desirable low rate of 1.23%, hinting at a high demand scenario.

    Lastly, the buy search index for houses in Virginia records an elevated value of 8, far surpassing the average, underpinning high demand within the suburb.

    For aspiring property tycoons and savvy investors, keeping a keen eye on real estate data in the best investment suburbs like Virginia 4014 allows you to seize potential opportunities for positive cash flow and capital gains. As always, a comprehensive understanding of the property market conditions is instrumental in making wise real estate investment decisions.

    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.

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