NSW has seen average median house prices change by 14.73% which means that Alexandria, 2015 has done well for property investors by showing a capital gain of 8.42% over the last year
A 30.14% growth in median value for property investors in Alexandria,2015 puts this suburb at number 1282th in terms of best performing suburbs in NSW
Using the current median advertised rental of $800 and the average annual increase in value of a median property of 9.26%, investors should hope to achieve an overall return of 2.19%
At number 216th in the list of Australian suburbs ordered by increase in median house value over the last year, Alexandria, 2015 is in the top 20% with a property value increase of 19.59% recorded in median house prices.
Alexandria,2015 has offered an average of 19.59% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Alexandria is giving property investors an average Vendor Discount of around -4.00%. This puts suburb at number 178th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $28600 per annum or $550 every week.
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Information supplied by:
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 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