Over the last year, property investments in Alexandria, 2015 have given investors a capital gain of 8.70%. This compares favourably with the 6.38% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Alexandria comes in at number 128th in NSW.
Property investors looking for a bargain in Alexandria should be aiming for at least -3.25% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.
With the median price for a house in Alexandria being $1500000 and the advertised rent reaching $800 the gross rental yield for property investors calculates out to be 2.77%
Investment property in Alexandria has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.40%
Taking the average capital gain, or increase in median house value, Alexandria,2015 has racked up an average of 19.40% over the period. This ranks it number 186th in the whole country for real estate investors looking at median house price increases.
Alexandria2015 is located in NSW which offers an average discount of -4.45% to property investors. Alexandria itself is showing figures that indicate -5.43% is the average achievable by property buyers investing in the suburb.
At number 467 in a list of fastest selling suburbs, Alexandria is in the TOP 40% of suburbs in Australia with an average of days on market 62.89 for properties listed there.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 4.02%, without taking into account capital value appreciation, which has been averaging out at 8.69%.
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