Question 1

Is Virginia a nice place to live?

Accepted Answer

Virginia has tree-lined streets and a mix of classic Queenslander timber homes alongside newer townhouses and low-rise apartments. It has a relaxed suburban feel that appeals to families and young professionals, with local parks, sporting fields, community facilities and neighbourhood shops that give the area a lived-in, everyday character. Many residents use nearby shopping and cafe precincts in neighbouring Nundah.

The suburb is home to 2,395 people, with a median age of 36 and a typical household income of $2,589 a week. It is clearly a suburb of families, with couple families with children at 52.1% and, together with couple families without children, making up just over eight in ten families. Homes are mostly owner-occupied, and Virginia is well connected by public transport and major roads, served by Virginia railway station and a Park ’n’ Ride expanded by 50 spaces. Powerlink Queensland has lodged a proposal for staged upgrades to its Virginia site including new buildings, additional car parking and landscaping.

Question 2

Is it expensive to live in Virginia?

Accepted Answer

Renting a house in Virginia runs to about $750 a week. Against the suburb's median total household income of $2,589 a week as recorded at the most recent Census, that rent would take about 29.0% of a typical local household's weekly income, which is a moderate share of income; if you're renting, that is the number that matters.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Virginia a good place to invest?

Accepted Answer

If you're weighing up Virginia as an investment, the house side of the market is what the numbers show this year: median house values rose 5.7% over the past 12 months, a solid increase, while house rents climbed 11.1%, a strong rise. The rent a house earns has therefore been the stronger performer this year, and for someone chasing rental income that rent movement will be the most relevant figure, while the value change is the one that speaks to capital growth. Whether that balance fits your goals depends on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	5.7%	N/A
Sold Past 3 months	5	N/A
Median days on market Past 12 months	23	N/A
Average rent Past 12 months	$750	N/A
Change in rent Past 12 months	11.1%	N/A

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