Property value increases in Alexandria have tracked just higher than the NSW average of 10.48% over the last 12 months.
While Alexandria,2015 ranked number 1294th in NSW for increase in median house value (annualised) increase, it is ranked 630th over the last 5 years.
Situated 4.12km from the CBD, Alexandria is one of Sydney (C) localities in the postcode 2015.
If you compare the increase in value of investment property in Alexandria, 2015 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.89%.
While Alexandria,2015 ranked number 128th in NSW for increase in median house value (annualised) increase, it is ranked 332th over the last 5 years.
Property investors looking for a bargain in Alexandria should be aiming for at least -5.03% off the asking price, which is the average vendor discount being achieved at the moment.
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Information supplied by:
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 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