Orange Property Market Update 1st Half 2026
Orange, located in New South Wales, is a charming regional city located about 230km northwest of Sydney. Orange is surrounded by picturesque farmland, rolling hills, and known for wine and food scene. Orange has the perfect blend of country hospitality, rich history, and modern amenities.
Property Trends
In Q4 2025, Orange recorded a median house price of $730,000, and a median unit price of $495,000. This represents an annual (Q4 2024 – Q4 2025) price growth of 7.8% for houses and 20.4% for units. Between Q4 2024 – Q4 2025 sales increased, by 14.9% (to 348 for houses in Q4 2025) and by 109.1% for units (to 46 sales in Q4 2025). Price growth and higher number of sales suggests a highly demanded market, which was further aided by previously lower interest rates. This suggests that now is an ideal opportunity for owners to capitalise on their investment. There are several residential projects that are planned for construction in 2026, which will assist with supply in the long-term.
Project Development
Orange will see approximately $245.9M of new projects commencing in 2026; with 126 units, 16 townhouses, 321 dwellings and 240 lots planned. The residential stock planned may meet demand, but construction of these projects takes time. In the short term there is still high demand, indicating a house and unit price increase is highly likely.
Rental Market & Growth
House rental yields in Orange were 3.8% in December 2025, comparable to City of Orange (3.7%) but above Sydney Metro (2.7%). This was paired with a 5.4% increase in median house rental price in the past 12 months to Q4 2025, at $590 per week. The number of houses rented decreased, by -6.4% in the past 12 months, to 265 rentals in Q4 2025. There is an undersupplied rental market in Orange, which is beneficial to investors. This also creates an opportunity for investors looking for a more affordable investment option to Sydney Metro.
Vacancy Rates & Property Investment
Orange recorded a vacancy rate of 1.0% in December 2025, lower than the City of Orange 2.3% and the Sydney Metro 1.8% average. Vacancy rates in Orange have decreased in the past 12 months, indicating a tighter rental market. Moreover, a 1.0% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, thus suggesting quicker occupancy of rental homes in Orange. This creates a conducive environment for investors, even if the median house and unit sale prices (thus, entry price) have increased in the past 12 months to Q4 2025.
