Orange has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.59% to date .
Taking the average capital gain, or increase in median house value, Orange,2800 has racked up an average of 4.59% over the period. This ranks it number 1071th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -3.58% to buyers in Orange at the moment, which is less than average for the rest of NSW.
At number 1935 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 74.8921 for properties listed there.
NSW has seen average median house prices change by -3.67% which means that Orange, 2800 has not done well for property investors by showing a capital gain of 4.83% over the last year
Orange,2800 has offered an average of 4.83% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Orange is offering property investors an average of -6.79. This rate of discount on properties puts Suburb at number 344th in terms of most discounted suburbs in NSW
Property investors should expect to get $270 weekly from the median priced house in this suburb.
Information supplied by:
Property stock stays steady
Median house price: $399,000
Stock on market: -0.3%
12-month growth: 9.3%
The type of town you can drive across from one side to the other in 10 minutes, Orange is a regional service town in New South Wales, around 250km west of Sydney. It’s a good 3.5 hour drive from the big smoke, but those who choose to call Orange home have everything they could need within easy access – except the beach, that is!
Orange has plenty of amenities and attractions, including its own regional airport, a university and a TAFE. It also has a thriving agricultural scene that includes more than 80 vineyards, alongside farms producing everything from apples and stone fruits to fungi and venison.
Home to around 37,500 people, according to the most recent Census, Orange has a rental population of around 25%, making this a robust rental market for potential landlords.