Alexandria, 2015 ranked 716th in NSW when comparing growth in median property values or capital gain over the last 12 months. Alexandria is one of 3163 in our list for NSW
The five-year average increase in median property values for Alexandria,2015 has given property investors a potential capital gain of 82.92% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Alexandria, 2015. Typically our figures indicate that -3.25% is being offered, which puts this NSW suburb at 3527th most discounted overall in Australia.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
Using the current median advertised rental of $805 and the average annual increase in value of a median property of 10.08%, investors should hope to achieve an overall return of 2.85%
Alexandria has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 13.16% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Alexandria has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Alexandria, 2015. Typically our figures indicate that -6.42% is being offered, which puts this NSW suburb at 377th most discounted overall in Australia.
Renters in Suburb are facing rents around $7200 per annum or $600 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