Orange is in the TOP 30% 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 9.44%.
While Orange,2800 ranked number 341th in NSW for increase in median house value (annualised) increase, it is ranked 1104th over the last 5 years.
Property buyers and investors in Orange 2800 should be seeing an average reduction in asking price of around -3.81% . This means that Orange is holding prices well when compared to other suburbs in NSW.
In the last year 1008 properties changed hands in Orange, which puts it as the 1st most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $345 weekly from the median priced house in this suburb.
Property value increases in Orange have tracked just higher than the NSW average of 2.79% over the last 12 months.
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.
Orange2800 is located in NSW which offers an average discount of -4.86% to property investors. Orange itself is showing figures that indicate -3.98% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Orange have been waiting around 83.47 days to sell a property.
With the median price for a house in Orange being $253750 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 5.53%
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Information supplied by:
June 2018
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Nestled in a region known for its food and wine industry, the suburb of Orange has a lot of appeal for tenants as the average vacancy rate fell from 2.3% to 1.6% in the period of March 2017-2018Full summary
Rental market flourishes in regional NSW
Postcode: 2800
Median house price: $375,000
Vacancy rate: 1.6%
Three-year growth: 10.9%
Nestled in a region known for its food and wine industry, the suburb of Orange has a lot of appeal for tenants as the average vacancy rate fell from 2.3% to 1.6% in the period of March 2017-2018.
A likely factor could be affordability, as the median house price is less than $400,000. Weekly rent rates for houses come in at an average of $340, with investors able to reap yields of 4.7%.
Situated in the Central West region, Orange boasts a treasure trove of restaurants and cafes highlighting the best of this hub of wine producers. This thriving agricultural scene could reflect a healthy economy to draw in more residents. There are also numerous primary and secondary schools.
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