If you compare the increase in value of investment property in Alexandria, 2015 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.37%.
If we look at median property appreciation over just the last three months, Alexandria has given property investors a paper return of -6.43%. This puts Suburb as 1290 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Alexandria 2015 should be seeing an average reduction in asking price of around -4.57% . This means that Alexandria is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Alexandria the average time real estate has been on the market is 33.03 days.
Situated 3.84km from the CBD, Alexandria is one of Sydney localities in the postcode 2015.
Property value increases in Alexandria have tracked close to the NSW average of 4.56% over the last 12 months.
The five-year average increase in median property values for Alexandria,2015 has given property investors a potential capital gain of 46.41% across each of those five years.
The most recent median price for Alexandria is $765000, with sellers offering an average of -4.91% off the asking price.
Alexandria is 214th on a list of best yielding suburbs for rents in NSW with a 4.23% return
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