Virginia (postcode 0834) is a close-knit residential community in Northern Territory within the Litchfield local government area. The area has roughly 1,811 residents and a settled mid-life population, with a median age of 43. Households earn a median income of $139K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. NT employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NT also had 4 Commonwealth-backed major projects under construction, 3 underway, and 5 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, managers, professionals. Employment in the area leans toward public admin & safety and construction. The top ancestries reported are Australian, English, Irish.
Virginia has a median house price of $777,000, which has posted strong gains by 9.4% year-on-year. Units have a median price of $305,000 (+5.2% YoY). The median weekly rent is $460 (Census 2021). This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,500.
Public transport access includes 19 bus stops. The crime rate in the Litchfield LGA is higher than average at 13,638 incidents per 100,000 population.
On the investment side, Virginia shows a gross rental yield of approximately 3.1%, rated as moderate yield. Property prices are near the state median ($777K/$711K). The price-to-income ratio of 5.6x is considered affordable. House prices have moved +9.4% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.