Property investors who have had real estate in Alexandria, 2015 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.32%
Taking the average capital gain, or increase in median house value, Alexandria,2015 has racked up an average of 12.32% over the period. This ranks it number 137th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Alexandria are currently offering property investors an average price cut of -4.33% below the asking price at the moment.
A $800 per week rent on the median house gives suburb investors a gross yield of circa 2.68%, without taking into account capital value appreciation, which has been averaging out at 10.41%.
If you compare the increase in value of investment property in Alexandria, 2015 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.07%.
The five-year average increase in median property values for Alexandria,2015 has given property investors a potential capital gain of 65.84% across each of those five years.
Alexandria, 2015 is offering NSW ‘s 49th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
Often selling an investment property can take time, and in Alexandria the average time real estate has been on the market is 63.4 days.
Advertised rents are around the $615 mark per week – giving a return of 4.16% based on the median price in Suburb
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