Get a property report and suburb profile for any property in Orange

Orange, NSW 2800 is a regional city in the Central West set beneath the volcanic slopes of Mount Canobolas and framed by orchards and cool-climate vineyards. Its compact, tree-lined centre pairs heritage Victorian and Federation buildings with cafe-lined streets and specialty food shops, while surrounding neighbourhoods include period cottages and modern suburban housing. A university campus, regional health facilities, farmers markets, cellar doors and arts events contribute to the city’s everyday life and local culture.

A community of 41,232 people with a median age of 36, Orange’s households are largely family-based and mostly owner-occupied (65.3%), with renters making up 34.8%. Major local projects are being progressed, including a precinct master plan, a regional sporting precinct now in construction, health facility expansion and school upgrades, alongside transport works to improve links to the hospital and airport. That mix tends to suit families, health and agricultural professionals, students and people after a relaxed country lifestyle; whether it suits you depends on what you’re looking for.

In Orange, NSW, housing costs sit notably above what local households reported at the last Census. A median house price of $785,000 is about 9.2 times a typical local annual household income at the last Census, and the median unit price of $520,000 is about 6.1 times that income. On the rental side, $600 a week for a house would take about 36.6% of a typical local household's weekly income at the last Census, while $455 a week for a unit would take about 27.7%. Buying therefore sits well above local incomes, whereas renting ranges from a sizeable share for houses to a moderate share for units; whether that feels expensive depends on your circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Orange, house values rose 10.2% while house rents increased 7.1%, so on the houses side capital growth outpaced rental growth. Unit values climbed a more modest 3.1% while unit rents rose a solid 8.3%, meaning rents for units grew faster than unit prices this year.

If rental income is your priority, the unit rent change is the figure that matters; if capital growth is your focus, the larger rise in house values is the relevant number. Whether that balance suits your goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.