Alexandria is an average performer in NSW when comparing median price capital growth over the last year. Alexandria gave property investors a average capital gain figure when compared to the rest of the state, with -4.19%.
Taking the average capital gain, or increase in median house value, Alexandria,2015 has racked up an average of -4.19% over the period. This ranks it number 2781th in the whole country for real estate investors looking at median house price increases.
Alexandria is 949th on a list of best yielding suburbs for rents in NSW with a 3.02% return
With a capital gain of 0.87% for the last 12 months, Alexandria, 2015 has performed for property investments than its average annual 6.91% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Alexandria comes in at number 322th in NSW.
Sellers are offering property buyers an average discount of -6.55% to buyers in Alexandria at the moment, which is less than average for the rest of NSW.
Residents and property investors in Alexandria have been waiting around 69.1786 days to sell a property.
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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