At number 2611th in the list of Australian suburbs ordered by increase in median house value over the last year, Alexandria, 2015 is in the BOTTOM 40% with a property value increase of -4.94% recorded in median house prices.
Across a shorter period, Alexandria, 2015 has seen a median price increase of 1.38% over the last quarter.
Residents and property investors in Alexandria have been waiting around 55.4 days to sell a property.
Using the current median advertised rental of $887.5 and the average annual increase in value of a median property of 8.08%, investors should hope to achieve an overall return of 3.14%
Alexandria is an average performer in NSW when comparing median price capital growth over the last year. Alexandria gave property investors a good capital gain figure when compared to the rest of the state, with -2.29%.
While Alexandria,2015 ranked number 275th in NSW for increase in median house value (annualised) increase, it is ranked 212th over the last 5 years.
Our latest figures would indicate that property sellers in Alexandria are currently offering property investors an average price cut of -6.45% below the asking price at the moment.
Using the current median advertised rental of $620 and the average annual increase in value of a median property of 6.58%, investors should hope to achieve an overall return of 4.31%
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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 desirable
Where to avoid: Properties backing towards Zetland due to noise and competition from newer properties