Property value increases in Alexandria have tracked lower than the NSW average of -0.66% over the last 12 months.
Alexandria,2015 has offered an average of -16.42% return per annum in house price rises to property investors over the last three years.
The NSW suburb of Alexandria, 2015 is in the Sydney (C) local government area.
Alexandria has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.64% to date .
Comparing Alexandria,2015 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Alexandria 2015 should be seeing an average reduction in asking price of around -5.39% . This means that Alexandria is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $630 mark per week – giving a return of 4.38% based on the median price in Suburb
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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