Property value increases in Alexandria have tracked just higher than the NSW average of 10.25% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Alexandria comes in at number 728th in NSW.
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 -4.57% is being offered, which puts this NSW suburb at 2590th most discounted overall in Australia.
Property investors should expect to get $875 weekly from the median priced house in this suburb.
Over the last year, property investments in Alexandria, 2015 have given investors a capital gain of -2.90%. This compares very badly with the 6.98% for NSW as a whole.
Across a shorter period, Alexandria, 2015 has seen a median price increase of 0.94% over the last quarter.
Our latest figures would indicate that property sellers in Alexandria are currently offering property investors an average price cut of -4.71% below the asking price at the moment.
A $630 per week rent on the median house gives suburb investors a gross yield of circa 4.34%, without taking into account capital value appreciation, which has been averaging out at 7.35%.
Sitting just 5km south of the Sydney CBD, Alexandria offers a mix of city living in a relaxed atmosphereFull summary
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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 desirableClose
Where to avoid: Properties backing towards Zetland due to noise and competition from newer properties