Investment property in Orange has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.08%
Over the longer term, Orange has seen property prices show investors a 21.45% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Orange should be aiming for at least -3.73% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 65.50 sales per month, which equates to 786 per year.
Advertised rents are around the $380 mark per week – giving a return of 4.72% 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 -2.07%.
Across a shorter period, Orange, 2800 has seen a median price increase of -2.07% over the last quarter.
Orange2800 is located in NSW which offers an average discount of -6.83% to property investors. Orange itself is showing figures that indicate -3.12% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 6.50 sales per month, which equates to 78 per year.
Property investors should expect to get $275 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.