As a very frequent traveler, do not expect any special treat from VA. If you want upgrades, pay or use your points. In 4 years, being a Platinum member, I was never upgraded for free except for a couple of complimentary upgrades. But even using your complimentary upgrades is not a given, and you will end up losing it.
Lounges are ok but packed. Planes are recent and well maintained.
Customer service is very very poor.
Home Virgin Australia review by Caroline 2016-02-08