Suburb Profile Report for Orange NSW (2800)

Orange House: Median price $560,000, Annual capital growth 1.32%, Number of sales 1014, Weekly median advertised rent $565

Orange Unit: Median price $357,500, Annual capital growth 1.49%, Number of sales 94, Weekly median advertised rent $0

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

If you compare the increase in value of investment property in Orange, 2800 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.16%.

Taking the average capital gain, or increase in median house value, Orange,2800 has racked up an average of 10.16% over the period. This ranks it number 4777th in the whole country for real estate investors looking at median house price increases.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.11% offered to property buyers. Sellers in Orange itself are offering an average vendor discount of -3.41% to real estate investors.

With the median price for a house in Orange being $560000 and the advertised rent reaching $565 the gross rental yield for property investors calculates out to be 5.70%

Orange is in the bottom 10% in NSW when comparing median price capital growth over the last year. Orange gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.09%.

If we look at median property appreciation over just the last three months, Orange has given property investors a paper return of -5.00%. This puts Suburb as 657 on a list of fastest fasting appreciating suburbs in NSW

Orange2800 is located in NSW which offers an average discount of -2.31% to property investors. Orange itself is showing figures that indicate -3.09% is the average achievable by property buyers investing in the suburb.

Information supplied by:


January 2019

M
O

W
E

Property stock stays steady

Postcode: 2800

Median house price: $399,000

Stock on market: -0.3%

12-month growth: 9.3%

Orange isn’t just a colour and a fruit, it’s also a bustling regional town in NSW. Orange is situated in the Central Tablelands region, just 254 kilometres from the state’s capital Sydney. Though Sydney is a hefty 3.5-hour drive, Orange has plenty of amenities and attractions of its own. People that choose to call Orange home have everything they could need within arms reach - except the beach!

Hosting a thriving agricultural scene, with many vineyards and an array of farms, Orange is famed for its cool climate wines and spectacular scenery. The city has its own regional airport and university and is sometimes snowed upon during the colder months.

Adam Savage, Licensed Real Estate Agent at Peter Fisher Real Estate, says Orange has a ‘very diverse economy' which is ‘one of many reasons it’s attractive to live and invest'.

“Real Estate has been consistently strong in Orange for many years and it has always been a safe place to invest,” Mr Savage said.

“Buyers looking to purchase to live in are still very strong particularly local residents, we are also seeing a lot of external buyers looking for a tree change, now that they can work from home, escape the city traffic, and enjoy more lifestyle.”

“Rental returns are also very strong with limited stock on the market to rent.”

Metrics i HOUSE UNIT
$560,000 $357,500
-5.03% -5.00%
10.16% -9.09%
1.32% 1.49%
$565 $0
1014 94
5.70% 0.00%
83.4444444444445 68.2941176470588

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 35990
Median household income ($/weekly) 1146
Median age of persons 35
Median housing loan repayment ($/monthly) 1625
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 5076 14.1
    25-34 years 4706 13.1
    35-44 years 4695 13.0
    45-54 years 4506 12.5
    55-64 years 3922 10.9
    Others 13086 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 11506 47.0
    Not Married 10419 42.6
    Defacto Relationship 2544 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 30630 90.8
    Indonesia 137 0.4
    Papua New Guinea 375 1.1
    United Kingdom 713 2.1
    Other 642 1.9
    Others 1220 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 200 0.6
    Christianity 27179 82.4
    Islam 145 0.4
    Other Religious Groups 116 0.4
    No Religion 5213 15.8
    Others 132 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 1039 8.8
    $400-$599 1322 11.2
    $600-$799 1166 9.9
    $1,000-$1,249 1044 8.9
    $1,500-$1,999 1519 12.9
    Others 5676 48.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 10607 40.2
    Not in the labour force 9439 35.8
    Employed, worked part-time 4557 17.3
    Employed, away from work 988 3.7
    Unemployed, looking for work 770 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 3115 19.3
    Technicians & trades workers 2473 15.3
    Community & personal service workers 1629 10.1
    Clerical & administrative workers 2258 14.0
    Labourers 1849 11.4
    Others 4826 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 747 8.7
    Infants/Primary 3053 35.7
    Secondary 2586 30.3
    Technical or Further Educational Institution 980 11.5
    University or other Tertiary Institutions 1015 11.9
    Others 167 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 29737 91.1
    Semi-detached, row or terrace house, townhouse 1643 5.0
    Flat, unit or apartment 1114 3.4
    Caravan, cabin, houseboat 60 0.2
    House or flat attached to a shop, office 83 0.3
    Others 8 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4413 34.5
    Being purchased 4242 33.2
    Fully owned 4045 31.7
    Other tenure type 75 0.6
    Tenure Type
Census 2011, ABS
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