Orange has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.16% to date .
If we look at median property appreciation over just the last three months, Orange has given property investors a paper return of 1.43%. This puts Suburb as 658 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 -3.66% below the asking price at the moment.
On average over the past year, suburb has had 71.25 sales per month, which equates to 855 per year.
The NSW suburb of Orange, 2800 is in the Orange (C) local government area.
Giving property investors a an average capital gain of 0.00% for the last year, Orange, 2800 is the 793th highest performer in Australia in this respect.
While Orange,2800 ranked number 100th in NSW for increase in median house value (annualised) increase, it is ranked 216th over the last 5 years.
Property buyers and investors in Orange 2800 should be seeing an average reduction in asking price of around -2.86% . This means that Orange is holding prices well when compared to other suburbs in NSW.
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.