Alexandria is in the TOP 20% in NSW when comparing median price capital growth over the last year. Alexandria gave property investors a very good capital gain figure when compared to the rest of the state, with 18.35%.
When looking at the potential capital gains offered to property investors over the last 3 years, Alexandria comes in at number 59th in NSW.
Property buyers and investors in Alexandria 2015 should be seeing an average reduction in asking price of around -16.00% . This means that Alexandria is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.
A $820 per week rent on the median house gives suburb investors a gross yield of circa 2.47%, without taking into account capital value appreciation, which has been averaging out at 11.13%.
Investment property in Alexandria has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.56%
While Alexandria,2015 ranked number 102th in NSW for increase in median house value (annualised) increase, it is ranked 188th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.16% offered to property buyers. Sellers in Alexandria itself are offering an average vendor discount of -4.92% to real estate investors.
Residents and property investors in Alexandria have been waiting around 53.92 days to sell a property.
Renters in Suburb are facing rents around $7320 per annum or $610 every week.
Sitting just 5km south of the Sydney CBD, Alexandria offers a mix of city living in a relaxed atmosphereFull summary
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Sitting just 5km south of the Sydney CBD, Alexandria offers a mix of city living in a relaxed atmosphere
A former industrial area that has undergone extensive gentrification in recent years, Alexandria now rivals nearby sububrbs such as Zetland.
This can be seen in the suburb's median house price, which now sits above $1.3 million, having grown by over 67% in the last five years.
Despite being close to unit developements in suburbs like Zetland, Alexandria's units are also going from strength to strength, with their median price sitting at $580,000 - up 32% over the last five years.
Apartments in Alexandria are also offering good returns for investors, currenlty boasting a gross rental yeild of 5.2%.
Alexandria enjoys excellent transport links to Sydney CBD. Residents can access the Green Square train station and it’s within easy walking distance to Erskineville, St Peters and Redfern railway stations.
There are also multiple bus routes connecting it to all parts of Sydney.
The suburb is also located close to three universities: Sydney University, New South Wales University and UTS, which means it’s benefiting from student and staff demand for housing.
Housing stock is varied but the suburb features a lot of semi-detached houses, federation style houses and terraces, which are popular among young families, couples and renovators.
Alexandria is poised to benefit from the massive urban redevelopment currently underway in Green Square, which has been touted as the next Chatswood.
Where to buy: Properties near Alexandria Park have a better outlook, quieter streets and more desirableClose
Where to avoid: Properties backing towards Zetland due to noise and competition from newer properties