Over the last year, property investments in Alexandria, 2015 have given investors a capital gain of -15.85%. This compares very badly with the 0.62% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Alexandria comes in at number 1377th in NSW.
Residents and property investors in Alexandria have been waiting around 38.51 days to sell a property.
Renters in Suburb are facing rents around $44200 per annum or $850 every week.
If you compare the increase in value of investment property in Alexandria, 2015 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -1.73%.
Alexandria,2015 has offered an average of -1.73% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Alexandria is offering property investors an average of -5.92. This rate of discount on properties puts Suburb at number 260th in terms of most discounted suburbs in NSW
With the median price for a house in Alexandria being $740000 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 4.57%
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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