Property investors who have had real estate in Alexandria, 2015 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.61%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Alexandria has increased when compared to the 5 year average annual rate.
Alexandria, 2015 is offering NSW ‘s 910th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.
At number 339 in a list of fastest selling suburbs, Alexandria is in the TOP 10% of suburbs in Australia with an average of days on market 42 for properties listed there.
NSW has seen average median house prices change by 1.69% which means that Alexandria, 2015 has done well for property investors by showing a capital gain of 0.13% over the last year
Over the longer term, Alexandria has seen property prices show investors a 15.54% return over the last 3 years. This is worse than over the last 12 months
Alexandria, 2015 is offering NSW ‘s 255th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this NSW.
At number 573 in a list of fastest selling suburbs, Alexandria is in the TOP 40% of suburbs in Australia with an average of days on market 64.58 for properties listed there.
Advertised rents are around the $630 mark per week – giving a return of 4.36% based on the median price in Suburb
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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 atmosphereFull summary
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
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