Giving property investors a a poor capital gain of -12.82% for the last year, Alexandria, 2015 is the 4003th highest performer in Australia in this respect.
A 75.94% growth in median value for property investors in Alexandria,2015 puts this suburb at number 1229th in terms of best performing suburbs in NSW
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 -3.66% is being offered, which puts this NSW suburb at 3317th most discounted overall in Australia.
Advertised rents are around the $850 mark per week – giving a return of 2.85% based on the median price in Suburb
Property value increases in Alexandria have tracked just lower than the NSW average of 2.79% over the last 12 months.
The five-year average increase in median property values for Alexandria,2015 has given property investors a potential capital gain of 40.54% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.86% offered to property buyers. Sellers in Alexandria itself are offering an average vendor discount of -5.03% to real estate investors.
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YIP MAG
September 2015
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Sitting just 5km south of the Sydney CBD, Alexandria offers a mix of city living in a relaxed atmosphereFull summary
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
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