With a capital gain of 4.41% for the last 12 months, Orange, 2800 has performed for property investments than its average annual 2.91% property growth over the last 5 years.
Over the longer term, Orange has seen property prices show investors a 2.90% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Orange is $355000, with sellers offering an average of -4.04% off the asking price.
Using the current median advertised rental of $325 and the average annual increase in value of a median property of 2.91%, investors should hope to achieve an overall return of 4.76%
Property value increases in Orange have tracked just lower than the NSW average of 6.96% over the last 12 months.
A -1.35% growth in median value for property investors in Orange,2800 puts this suburb at number 502th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Orange is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 213th in terms of most discounted suburbs in NSW
With the median price for a house in Orange being $236750 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.71%