Orange is in the bottom 40% in NSW when comparing median price capital growth over the last year. Orange gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.94%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Orange has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.51% to buyers in Orange at the moment, which is less than average for the rest of NSW.
Situated 200.02km from the CBD, Orange is one of Orange localities in the postcode 2800.
Property value increases in Orange have tracked just higher than the NSW average of 5.41% over the last 12 months.
Orange,2800 was ranked 1027 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Orange is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 240th in terms of most discounted suburbs in NSW
On average over the past year, suburb has had 13.17 sales per month, which equates to 158 per year.
Advertised rents are around the $250 mark per week – giving a return of 5.49% based on the median price in Suburb