Virginia and Richard, 65, first sparked engagement rumours in July after Richard posted a picture of his stunning blonde girlfriend outside a luxurious jewellery store in the romantic Italian island of Capri.
"You know you’re in trouble when they name the bloody store after her," Richard wrote on Instagram.
Richard and Virginia first went public with their relationship in October 2017, when they were spotted getting cosy at former Today co-host Lisa Wilkinson and husband Peter FitzSimons 25 year anniversary celebrations.
50-year-old Virginia Burmeister is the ex-wife of Morgan and Stanley investment banker Mark Burmeister and was a Bluebell dancer at Le Lido Paris in the '80s. Virginia has two children with Mark; Ciel and Blaise.