Investment property in Orange has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.73%
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.
Our latest figures would indicate that property sellers in Orange are currently offering property investors an average price cut of -3.82% below the asking price at the moment.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 4.66%, without taking into account capital value appreciation, which has been averaging out at 4.31%.
Giving property investors a an average capital gain of -2.22% for the last year, Orange, 2800 is the 796th highest performer in Australia in this respect.
Comparing Orange,2800 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Orange, 2800 is offering NSW ‘s 336th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
On average over the past year, suburb has had 7.75 sales per month, which equates to 93 per year.
With the median price for a house in Orange being $264000 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 5.42%
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Information supplied by:
January 2019
M
O
W
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Property stock stays steady
Postcode: 2800
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.