Suburb Profile Report for Orange NSW (2800)

Orange House: Median price $395,000, Annual capital growth 3.75%, Number of sales 1033, Weekly median advertised rent $340

Orange Unit: Median price $246,250, Annual capital growth 2.21%, Number of sales 117, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

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
$395,000 $246,250
3.95% 4.79%
10.96% 3.90%
3.75% 2.21%
$340 $270
1033 117
4.48% 5.70%
78.15 85.69

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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