NUTSHELL KNOWS: ALEXANDRIA

In this edition of Nutshell Knows, we profile Alexandria, a suburb defined by change in recent years.

The Basics: Geography, Population and Demographics in Alexandria

Sydney’s Alexandria is just 2km south of Central station. The thriving suburb shares its borders with Erskineville, Surry Hills, Zetland, Rosebery and Zetland.

Although Alexandria has a history as an industrial suburb, it is undergoing significant gentrification and is now home to over 9000 residents. According to 2011 census data, the median age of residents was 33 years old, with over 60% of all residents born in Australia. The majority of Alexandrians are single, young professionals.

Moreover, 46% of occupants are renting, significantly higher than the national average of 29.6%. Additionally, a significant majority of 59.3% of these residents occupy a flat, unit or apartment.

Alexandria: Community Snapshot

Wedged between the trendy suburbs of Erskineville and Surry Hills, Alexandria has come a long way from its manufacturing roots. Today, it has the urban feel of an industrial suburb transformed into a thriving, cultural community.

The Grounds of Alexandria, affectionately known as “the Grounds”, is the crowning glory of Sydney’s hot café scene. Located in what was formerly the Four’n’Twenty pie factory, the Grounds is a prime example of Alexandria’s flourishing gentrification. The revamped factory is home to Alexandria’s most famous resident, Kevin Bacon, the Ground’s pet pig who chomps through the café’s organic waste.

Another significant landmark in Alexandria is the Sydney Corporate Park. This 17-hectare area between O’Riordan St, Doody St and Bourke St consists of office buildings, cafes, indoor and outdoor sports facilities, a childcare centre and a dance school.

The Alexandria of the Past

In partnership with the City of Sydney, students from the University of New South Wales have written a detailed and insightful history of Alexandria and its surrounding suburbs.

For most of the nineteenth century, one man, Daniel Cooper, owned the area now known as Alexandra, along with Waterloo, Zetland and Roseberry. In the mid nineteenth century, Sydney’s industry was concentrated in the city, close to the busy wharves of Sydney Harbour and the commercial heart. However, the Alexandria area soon took over as the industrial hub when the noxious industries were forced out of the city in 1860. For over a century, Alexandria and its neighbouring suburbs came to be known as the Southern Industrial Zone.

Alexandria did its patriotic duty during the Second World War. Most industries devoted all their resources to the war effort, putting their own production on hold to take up the manufacture of wartime products. The levels of industry in the Post-War period reached its peak, and marked a turning point in the history of the area. Since the 1960s, the sites that were once used for heavy manufacturing were converted into the offices, storage spaces, warehouses and showrooms that we see today.

Alexandria Tomorrow

Alexandria’s future looks bright for both residents and business owners.

The median house price in Alexandria has increased by 141% in the last ten years, having increased from $560,000 in 2005 to $1,350,000 in 2015. Additionally, in 2016, there were an average of 1292 visits per property, compared to the NSW average of 641 visits per property. This positive growth has been attributed to the increased gentrification and scaling back of industry.

These trends are set to continue, particularly considering the Urban Renewal projects in Green Square and in the Central to Eveleigh area that spill over into Alexandria. Additionally, the new M5 Westconnex motorway, which will be completed in 2020, will provide motorists with connections to Alexandria from the Southern suburbs of Sydney.

To discuss your commercial property interests in Alexandria, get in touch with us today.



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