With a capital gain of 8.55% for the last 12 months, Alexandria, 2015 has performed for property investments than its average annual 10.29% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Alexandria,2015 has racked up an average of 8.55% over the period. This ranks it number 220th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Alexandria is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1084th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 5.00 sales per month, which equates to 60 per year.
With a capital gain of 12.43% for the last 12 months, Alexandria, 2015 has performed for property investments than its average annual 8.55% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Alexandria has given property investors a paper return of 0.45%. This puts Suburb as 347 on a list of fastest fasting appreciating suburbs in NSW
Alexandria, 2015 is offering NSW ‘s 46th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% 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 73.67 days.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 8.55%, investors should hope to achieve an overall return of 4.01%
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