Alexandria has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 18.81% to date .
Alexandria,2015 has offered an average of 18.81% return per annum in house price rises to property investors over the last three years.
With the median price for a house in Alexandria being $1812500 and the advertised rent reaching $800 the gross rental yield for property investors calculates out to be 2.30%
Alexandria has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.68% to date .
Over the longer term, Alexandria has seen property prices show investors a -3.97% return over the last 3 years. This is an improvement over the last 12 months
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 -0.87% is being offered, which puts this NSW suburb at 717th most discounted overall in Australia.
Often selling an investment property can take time, and in Alexandria the average time real estate has been on the market is 45.2941 days.
Using the current median advertised rental of $580 and the average annual increase in value of a median property of 5.06%, investors should hope to achieve an overall return of 4.16%
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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