Property investors who have had real estate in Alexandria, 2015 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.43%
Comparing Alexandria,2015 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Alexandria is in the bottom 20% in NSW when comparing median price capital growth over the last year. Alexandria gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.69%.
Over the longer term, Alexandria has seen property prices show investors a -3.50% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Alexandria is offering property investors an average of -5.74. This rate of discount on properties puts Suburb at number 329th in terms of most discounted suburbs in NSW
Advertised rents are around the $625 mark per week – giving a return of 4.71% 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