If you compare the increase in value of investment property in Alexandria, 2015 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.64%.
Taking the average capital gain, or increase in median house value, Alexandria,2015 has racked up an average of 14.64% over the period. This ranks it number 114th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Alexandria 2015 should be seeing an average reduction in asking price of around -10.50% . This means that Alexandria is holding prices well when compared to other suburbs in NSW.
On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.
Using the current median advertised rental of $805 and the average annual increase in value of a median property of 10.63%, investors should hope to achieve an overall return of 2.61%
Over the last year, property investments in Alexandria, 2015 have given investors a capital gain of -2.46%. This compares very badly with the 6.22% for NSW as a whole.
Across a shorter period, Alexandria, 2015 has seen a median price increase of -8.10% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.26% offered to property buyers. Sellers in Alexandria itself are offering an average vendor discount of -5.40% to real estate investors.
On average over the past year, suburb has had 16.58 sales per month, which equates to 199 per year.
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