NSW has seen average median house prices change by 3.09% which means that Orange, 2800 has done well for property investors by showing a capital gain of 7.45% over the last year
A 19.07% growth in median value for property investors in Orange,2800 puts this suburb at number 536th in terms of best performing suburbs in NSW
At number 1114th of NSW’s most discounted properties, Orange is in the TOP 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 80.08 sales per month, which equates to 961 per year.
Over the last year, property investments in Orange, 2800 have given investors a capital gain of 9.17%. This compares very favourably with the 1.50% for NSW as a whole.
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.
The most recent median price for Orange is $262000, with sellers offering an average of -2.87% off the asking price.
Property investors should expect to get $270 weekly from the median priced house in this suburb.
Nestled in a region known for its food and wine industry, the suburb of Orange has a lot of appeal for tenants as the average vacancy rate fell from 2.3% to 1.6% in the period of March 2017-2018Full summary
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Rental market flourishes in regional NSW
Median house price: $375,000
Vacancy rate: 1.6%
Three-year growth: 10.9%
Nestled in a region known for its food and wine industry, the suburb of Orange has a lot of appeal for tenants as the average vacancy rate fell from 2.3% to 1.6% in the period of March 2017-2018.
A likely factor could be affordability, as the median house price is less than $400,000. Weekly rent rates for houses come in at an average of $340, with investors able to reap yields of 4.7%.
Situated in the Central West region, Orange boasts a treasure trove of restaurants and cafes highlighting the best of this hub of wine producers. This thriving agricultural scene could reflect a healthy economy to draw in more residents. There are also numerous primary and secondary schools.Close