Suburb Profile Report for Orange NSW (2800)

Orange House: Median price $396,500, Annual capital growth 3.79%, Number of sales 961, Weekly median advertised rent $350

Orange Unit: Median price $262,000, Annual capital growth 2.94%, 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

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.

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
$396,500 $262,000
0.51% 3.76%
7.45% 9.17%
3.79% 2.94%
$350 $270
961 106
4.59% 5.36%
74.23 69.3

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Orange NSW
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