Property value increases in Orange have tracked close to the NSW average of 7.77% over the last 12 months.
Orange,2800 was ranked 872 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.30% offered to property buyers. Sellers in Orange itself are offering an average vendor discount of -2.66% to real estate investors.
The NSW suburb of Orange, 2800 is in the Orange (C) local government area.
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 1.70%.
A 28.03% growth in median value for property investors in Orange,2800 puts this suburb at number 406th in terms of best performing suburbs in NSW
At number 280th of NSW’s most discounted properties, Orange is in the TOP 10% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Orange being $269500 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 5.69%
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.