If you compare the increase in value of investment property in Orange, 2800 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.05%.
Taking the average capital gain, or increase in median house value, Orange,2800 has racked up an average of 7.05% over the period. This ranks it number 1329th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Orange is giving property investors an average Vendor Discount of around -3.43%. This puts suburb at number 862th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $19500 per annum or $375 every week.
NSW has seen average median house prices change by -1.55% which means that Orange, 2800 has not done well for property investors by showing a capital gain of 18.53% over the last year
Across a shorter period, Orange, 2800 has seen a median price increase of 0.00% over the last quarter.
Orange, 2800 is offering NSW ‘s 338th 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.
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.