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 3.70%
Comparing Orange,2800 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Orange is offering property investors an average of -7.03. This rate of discount on properties puts Suburb at number 837th in terms of most discounted suburbs in NSW
Residents and property investors in Orange have been waiting around 79.0431 days to sell a property.
With a capital gain of -5.82% for the last 12 months, Orange, 2800 has performed for property investments than its average annual 2.47% property growth over the last 5 years.
Orange,2800 was ranked 805 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -3.19% to buyers in Orange at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $14300 per annum or $275 every week.
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.