Suburb Profile Report for Orange NSW (2800)

Orange House: Median price $400,000, Annual capital growth 3.88%, Number of sales 910, Weekly median advertised rent $345

Orange Unit: Median price $259,000, Annual capital growth 3.03%, Number of sales 106, Weekly median advertised rent $270

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 11.11% for the last 12 months, Orange, 2800 has performed for property investments than its average annual 3.88% property growth over the last 5 years.

While Orange,2800 ranked number 270th in NSW for increase in median house value (annualised) increase, it is ranked 1079th over the last 5 years.

Our latest figures would indicate that property sellers in Orange are currently offering property investors an average price cut of -3.64% below the asking price at the moment.

In the last year 910 properties changed hands in Orange, which puts it as the 1st most active market in NSW when comparing the number of sales per suburb.

Situated 193.00km from the CBD, Orange is one of Orange localities in the postcode 2800.

Property value increases in Orange have tracked higher than the NSW average of 2.17% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Orange comes in at number 225th in NSW.

Our latest figures would indicate that property sellers in Orange are currently offering property investors an average price cut of -3.78% below the asking price at the moment.

At number 811 in a list of fastest selling suburbs, Orange is just in the bottom half of suburbs in Australia with an average of days on market 76.57 for properties listed there.

Information supplied by:


June 2018

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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

Rental market flourishes in regional NSW

Postcode: 2800

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
Metrics i HOUSE UNIT
$400,000 $259,000
2.83% 7.92%
11.11% 9.51%
3.88% 3.03%
$345 $270
910 106
4.49% 5.42%
76.28 76.57

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 35990
Median household income ($/weekly) 1146
Median age of persons 35
Median housing loan repayment ($/monthly) 1625
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 5076 14.1
    25-34 years 4706 13.1
    35-44 years 4695 13.0
    45-54 years 4506 12.5
    55-64 years 3922 10.9
    Others 13086 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 11506 47.0
    Not Married 10419 42.6
    Defacto Relationship 2544 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 30630 90.8
    Indonesia 137 0.4
    Papua New Guinea 375 1.1
    United Kingdom 713 2.1
    Other 642 1.9
    Others 1220 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 200 0.6
    Christianity 27179 82.4
    Islam 145 0.4
    Other Religious Groups 116 0.4
    No Religion 5213 15.8
    Others 132 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 1039 8.8
    $400-$599 1322 11.2
    $600-$799 1166 9.9
    $1,000-$1,249 1044 8.9
    $1,500-$1,999 1519 12.9
    Others 5676 48.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 10607 40.2
    Not in the labour force 9439 35.8
    Employed, worked part-time 4557 17.3
    Employed, away from work 988 3.7
    Unemployed, looking for work 770 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 3115 19.3
    Technicians & trades workers 2473 15.3
    Community & personal service workers 1629 10.1
    Clerical & administrative workers 2258 14.0
    Labourers 1849 11.4
    Others 4826 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 747 8.7
    Infants/Primary 3053 35.7
    Secondary 2586 30.3
    Technical or Further Educational Institution 980 11.5
    University or other Tertiary Institutions 1015 11.9
    Others 167 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 29737 91.1
    Semi-detached, row or terrace house, townhouse 1643 5.0
    Flat, unit or apartment 1114 3.4
    Caravan, cabin, houseboat 60 0.2
    House or flat attached to a shop, office 83 0.3
    Others 8 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4413 34.5
    Being purchased 4242 33.2
    Fully owned 4045 31.7
    Other tenure type 75 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals