Property investors who have had real estate in Orange, 2800 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.06%
If we look at median property appreciation over just the last three months, Orange has given property investors a paper return of 0.00%. This puts Suburb as 353 on a list of fastest fasting appreciating suburbs in NSW
Our latest figures would indicate that property sellers in Orange are currently offering property investors an average price cut of -3.60% below the asking price at the moment.
Advertised rents are around the $380 mark per week – giving a return of 4.76% based on the median price in Suburb
Orange is an average performer in NSW when comparing median price capital growth over the last year. Orange gave property investors a good capital gain figure when compared to the rest of the state, with -1.89%.
Orange,2800 has offered an average of -1.89% return per annum in house price rises to property investors over the last three years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.91% offered to property buyers. Sellers in Orange itself are offering an average vendor discount of -3.19% to real estate investors.
The NSW suburb of Orange, 2800 is in the Orange (C) local government area.
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.