Orange has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.96% to date .
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.
Property buyers and investors in Orange 2800 should be seeing an average reduction in asking price of around -3.84% . This means that Orange is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Orange being $395000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.48%
Orange is an average performer in NSW when comparing median price capital growth over the last year. Orange gave property investors a average capital gain figure when compared to the rest of the state, with 3.90%.
The five-year average increase in median property values for Orange,2800 has given property investors a potential capital gain of 8.72% across each of those five years.
The most recent median price for Orange is $246250, with sellers offering an average of -4.06% off the asking price.
Orange, 2800’s gross rental yield is 5.70%
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