If you compare the increase in value of investment property in Orange, 2800 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 21.67%.
The five-year average increase in median property values for Orange,2800 has given property investors a potential capital gain of 53.06% across each of those five years.
Sellers are offering property buyers an average discount of -2.49% to buyers in Orange at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $420 mark per week – giving a return of 4.16% based on the median price in Suburb
Orange, 2800 ranked 116th in NSW when comparing growth in median property values or capital gain over the last 12 months. Orange is one of 3163 in our list for NSW
If we look at median property appreciation over just the last three months, Orange has given property investors a paper return of 12.73%. This puts Suburb as 32 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Orange is giving property investors an average Vendor Discount of around -1.06%. This puts suburb at number 331th in NSW when ranking the most discounted suburbs.
Property investors should expect to get $330 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.