Learn why Alexandria is a favourite amongst inner city locals for its industrial architecture, thriving cafe culture, convenient location and laidback lifestyle.
Alexandria is an inner-city Sydney suburb with a rich past that has undergone a transformation from an industrial to a residential hub over the past few decades. It’s located just 4km south of Sydney’s CBD and counts Erskineville, Eveleigh, Redfern, Zetland, Roseberry and St Peters as its neighbours.
Alexandria is popular with many demographics because of its excellent location. Just 2km from Sydney’s Central Station and near major universities, hospitals, parks, golf clubs and Sydney Airport, property in Alexandria is in demand from empty nesters, young-professional first homeowners, families, investors, and renters who all enjoy the suburb’s convenience and eclectic appeal. Properties in the “Golden Triangle” or Erskineville end of Alexandria are coveted, and are also walkable to Erskineville or Redfern Stations.
Home to heritage-listed sites such as Enginemans Resthouse, Yiu Ming Temple, Alexandra Canal and Alexandria Town Hall, Alexandria embraces its past but also looks towards the future with new cutting edge developments like Green Square.
Mitchell Road, Euston Road, Bourke Road and O’Riordan Street are still home to remnants of industry. These warehouses sit alongside retail outlets, homewares and design shops and indoor sporting centres - from ice skating to rock climbing or trampolining, Alexandria has a lot to offer.
Property market update: Alexandria real estate
Alexandria’s property market reflects both its industrial roots and modern future, and a diverse range of property styles are available in the area. You’ll find quiet residential streets like Lawrence Street. Here, Victorian-style terrace homes and cottages are tucked away behind repurposed warehouses that are often home to cafes and local businesses if they haven’t been converted into industrial loft style apartments. New multi-storey apartment complexes and contemporary townhouses have transformed the suburb and reflect the strong demand for housing in this area.
Property values have reflected the increased interest in the suburb year-on-year. By mid 2020, the median price of houses had risen to $1,520,000 according to realestate.com.au. On average, houses in Alexandria as of June 2020 rent for $825 per week, with 3 and 4 bedroom homes achieving average rental prices of $1,000 and $1,200 per week respectively.
Units have attracted a new wave of investors to Alexandria, with a median price of $708,000 and average rent of $595 per week as of June 2020. Units have enabled the population of Alexandria to grow to its current size of 8,266.
Both houses and units have held and increased their value steadily over the past 10 years, with the 10 years average annual growth being 8.94% and 5.35% for houses and units respectively. In the past 12 months the price of units has flattened, presenting an opportunity for buyers and investors alike.
Five things the locals love about Alexandria
These days there are too many cafes in Alexandria to mention. From old favourites like Bitton and Allpress, to Sonoma and Bourke Street Bakery, which both have outlets here. Perhaps the most iconic and well known venue is The Grounds of Alexandria, which was born here. If you love coffee, blooming gardens, Instagrammable food and a touch of industrial flair, then there’s every chance you’re already a fan of The Grounds of Alexandria. The organic industries that thrived in the location’s history inspire the produce-led menu and innovative approach to dining at The Grounds. A visit to The Grounds is a treat for the whole family, with The Gardens, Potting Shed and onsite bakery and patisserie offering a tempting selection of treats, and resident farm friends including spotted pig Harry Trotter available for petting.
A rich industrial past
Alexandria was named after Princess Alexandra, wife of King Edward VII, and by the 1940s was Australia’s largest industrial district, earning it the nickname of "Birmingham of Australia.” Residential areas were established as early as 1868, with many of the historical terrace houses and cottages built then. The close by rail yards and brick works in the early 1900s signalled the arrival of industries such as grain mills and wool washing in Alexandria, with the surrounding pastures, sand hills and swamps meaning much of the area was only accessible by horse and dray or on foot.
There’s plenty of parklands for everyone
Home to three large parks, including Sydney Park, Perry Park and Alexandria Park, there are plenty of playgrounds for kids, places to exercise your dog, bike paths and nature trails to break up the industrial area.
The award-winning Sydney Park wetlands have brought new animal life to the urban area, with water-loving birds such as the black-winged stilt, black-fronted dotterel, black swans and the Japanese migratory bird, Latham’s snipe, spotted at the wetlands. The multi-use space also cleans stormwater, helps to manage floods and reduce urban heat. Located nearby within Sydney Park are the kid’s bike track and playground with barbeque facilities, and a new skate park will open in 2020, making it the perfect location for all-day family fun.
If you’re looking for some serious sports action, Perry Park Recreation Centre hosts netball, futsal and volleyball competitions for both adults and children.
You can find hidden vintage gems
Mitchell Road Antique and Design Centre is a thriving hub for antique and vintage lovers, with over 60 dealers occupying the industrial warehouse with their wide range of retro goods. From music to fashion and homewares, there are endless bargains to be had and items to inspire. Whether you’re looking to reinvent your home or repurpose some retro fashion finds, you can rely on Mitchell Road for an endless selection. Follow their Instagram to keep tabs on the latest products in their inventory.
Alexandria is a cultural hub
According to the 2016 Census, Alexandria’s population is composed of 41% people who were born overseas, with English, Australian, Irish, Scottish and Chinese ancestries being the most common. Alexandria is known for celebrating cultures, with its many places of worship a testament to that diversity.
The heritage listed Yiu Ming Temple is a place of religious and social significance for Sydney’s Chinese community, making it one of the oldest and largest Chinese Societies. For approximately 130 years, the temple has provided practical assistance and spiritual support for community members seeking to establish themselves in Australia. Hillsong has a centre in Alexandria, and the Serbian Orthodox Eparchy of Australia and New Zealand also has its headquarters here, serving as a site of cultural significance for the Serbian Orthodox community.
The $13 billion Green Square urban renewal development is sure to introduce even more public spaces to foster communities and the various cultures that contribute to the diversity of Alexandria and its neighbouring suburbs.
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If Alexandria sounds like your dream suburb for inner-city living, contact us today.