On the surface, Orange property trends might not reach the untrained eye. Yet this information provides a key link as to why the city is becoming one of the most in-demand regions in New South Wales.
Orange property trends have remained consistently strong with the town benefitting from government-backed schemes, high population growth and a burgeoning local economy.
This part of the Central West region has shone brightly in the 2020s so much so that the Orange region looks set to become one of NSW’s biggest inland cities in the immediate future.
The constant growth is something not lost on the NSW government targeting the city as one of its primary spots for new homes in the state. So how do Orange property trends play into all of these?
Orange Profile
Orange has come a long way since its humble beginnings as a farming town. The city has grown to even usurp regional rival Bathurst as the principal city of the Central West region. So much so that the greater region now sports a thriving population of just over 40,000 and is only set to expand further.
Much of this growth can be put down to the area’s diverse economy. Alongside its traditional farming industry, the town has also boomed from tourism and mining. For example, the Cadia mine is the second-largest copper mine in Australia and produces vast amounts of copper and gold. Furthermore, the surrounding hillsides have become synonymous with winemaking attracting interest from domestic and international markets.
All this has helped Orange property trends remain steady and healthy year after year. It remains one of the steadiest markets in regional NSW eclipsing other larger towns in the region. This has attracted a wealth of diverse residents to move to Orange and settle down in the region.
General Facts
Population: 40,744
Dwellings: 18.705
Households: 17:181
Average Household Size: 2.45 people
Orange Property Trends revealed
Orange
Where Orange has grown is through the rapid rise of suburban neighbourhoods in recent years. Outer suburbs such as Bletchingworth and Glenroi have grown significantly in the 21st century taking up farmland along the outer verges of the city. Matched with equal growth in infrastructure, it has allowed Orange to grow naturally without overburdening the town.
This has allowed for the average property price to remain constant year after year. With a current average property price of $690,000, houses in Orange have stayed relatively profitable. For example, a 4-bedroom house will cost an average of $740,000 anywhere within the city limits. The same can’t be said for units in Orange though. Prices for units have dropped significantly in recent months to a low of $470,000. That’s a sharp drop of 5.5% compared to the record-high value of $505,000 in January 2024. This means that a 2-bedroom unit could set buyers back a value of $420,000 instead of $440,000 12 months ago.
LGA: City of Orange
Population: 40,900
Average House Price: $690,000
Average Unit Price: $470,000
Average Rental Figure: $540p/w (house), $445p/w (rent)
Millthorpe
Millthorpe is just one of several small towns that have benefitted from Orange’s constant growth. Sporting a population of 1,200; Millthorpe has become one of the strongest satellite towns in the region. This traditional farming community not only has grown thanks to its proximity to Orange but also a rather exclusive property portfolio.
This is underlined by the town’s high average property pricing. Listings in the town sell for an average of $845,000 – an annual increase of 4.9%. This means that houses in the area sell for around $150,000 more than in Orange itself. These figures give Orange property trends a strong correlation with property sales within the town.
LGA: Shire of Blayney
Population: 1,253
Average House Price: $845,000
Average Rental Figure: $520p/w
Molong
Whilst Orange is the main town of its region, Molong plays a significant role in the local economy too. Despite sporting a population of 1,600, Molong is the primary town of Cabonne Shire – the region northwest of Orange. Not only does it sport the admin HQ for the Shire of Cabonne, it also sits on the Mitchell Highway linking it to other major regional centres like Orange, Bathurst and Dubbo.
It’s not hard to see how Orange property trends influence those with Molong. Molong’s average property price is $625,000 – not far off that of Orange itself. This is a significant increase of 12% in 2024 showcasing the strength of the greater Orange region. Despite the rapid growth, a three-bedroom property in Molong will only cost families an average of $472,500 – considerably that of Orange some 20km away. All this marks strong sales in the town and a positive effect on Orange property trends as a whole.
LGA: Shire of Cabonne
Population: 1,621
Average House Price: $625,000
Average Rental Figure: $450p/w
Blayney
As a town, Blayney finds itself torn between larger communities. Found halfway between Orange & Bathurst, it acts as a community influenced by both towns. However, the town shares larger hospital and transport links with Orange making it part of the larger town’s sphere of influence. Known as the seat of Blayney Shire, Blayney itself is a hub for the surrounding villages with a wealth of local amenities.
All this has helped Blayney maintain a relatively stable property market. Properties in the town sell for an average of $500,000 – a small decline of 1% compared to figures in 2023. What this means is that a 4-bedroom house will cost around $662,500 – around $100,000 less than what you’ll find in Orange itself. With Orange itself less than a 30-minute drive, it makes Blayney a great commuter base for those wanting to enjoy a quieter lifestyle.
LGA: Shire of Blayney
Population: 2,997
Average House Price: $500,000
Average Rental Figure: $500p/w
Conclusion
In the end, Orange property trends showcase a wealth of different ideals. Within Orange itself, the prices remain constant thanks to continued suburban growth. Yet the story in surrounding towns showcases the influence of this stability. In towns like Millthorpe, the expanse has driven prices up substantially as people look for a slice of country on the edge of urban towns.
However, smaller hubs like Mogong and Blayney have had a different rub. Properties in these towns are cheaper alternatives than in Orange itself. Yet these towns still feel the influence of changes within Orange itself. No matter which community you live in though, the overall impact from Orange property trends will drive real estate forward in the area no matter what town you live in.
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