Suburb Profile Report for Orange NSW (2800)

Orange House: Median price $410,000, Annual capital growth 4.21%, Number of sales 786, Weekly median advertised rent $380

Orange Unit: Median price $266,000, Annual capital growth 3.26%, Number of sales 84, Weekly median advertised rent $270

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Orange has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.59% to date .

Taking the average capital gain, or increase in median house value, Orange,2800 has racked up an average of 4.59% over the period. This ranks it number 1071th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -3.58% to buyers in Orange at the moment, which is less than average for the rest of NSW.

At number 1935 in a list of fastest selling suburbs, Orange is just in the bottom half of suburbs in Australia with an average of days on market 74.8921 for properties listed there.

NSW has seen average median house prices change by -3.67% which means that Orange, 2800 has not done well for property investors by showing a capital gain of 4.83% over the last year

Orange,2800 has offered an average of 4.83% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Orange is offering property investors an average of -6.79. This rate of discount on properties puts Suburb at number 344th in terms of most discounted suburbs in NSW

Property investors should expect to get $270 weekly from the median priced house in this 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%

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.

Metrics i HOUSE UNIT
$410,000 $266,000
0.24% -2.39%
4.59% 4.83%
4.21% 3.26%
$380 $270
786 84
4.82% 5.28%
74.8921232876712 89.3230769230769

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Orange NSW
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
Chart Table