Orange Property Market Update 2nd Half 2025
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 is known for its wine and food scene as well as rich history. With a perfect blend of country hospitality and modern amenities, Orange is an ideal family location.
Property Trends
In Q2 2025, Orange recorded a median house price of $670,000 and a median unit price of $467,000. This represents an annual (Q2 2024 – Q2 2025) slight price softening of -3.2% for houses but a growth of 1.0% for units. Comparing Q2 2024 and Q2 2025, total sales decreased by -10.5% (to 198 sales in Q2 2025) for houses and remained stable (29 sales in Q2 2025) for units. A more affordable median house price suggests an opportunity for buyers. That said, with only a few new houses planned for 2025, there is a high chance of price recovery. Meanwhile, increasing units' prices benefits owners who wish to capitalise on their investment.
Project Development
Orange will see approx. $192.5M of new projects commencing in 2025, with 349 lots and 50 dwellings planned. The number of houses planned will not satisfy current demand, especially in comparison to Q2 2025 sales (198). An undersupply of houses is likely, which will stimulate a price recovery.
Rental Market & Growth
House rental yields in Orange were 3.9% as of June 2025, above the City of Orange LGA (3.3%) and Sydney Metro (2.7%). Median house rental price increased by 5.6% in the past 12 months to Q2 2025, at $570 per week; whilst the number of houses rented decreased by -4.5% (to 253 houses in Q2 2025). There is an undersupply of house rentals, which is beneficial to investors. With a more affordable entry price to Sydney Metro, Orange is an ideal alternative for investors.
Vacancy Rates & Property Investment
Orange recorded a vacancy rate of 0.9% in June 2025, well below the City of Orange LGA average of 3.2% and Sydney Metro’s 1.5%. Orange has seen a slow declining pattern in vacancy rates over the past 12 months. Furthermore, a 0.9% vacancy rate is significantly below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental properties in Orange. This creates a conducive environment for investors, especially with a more affordable median house price (and thus, entry price) in the past 12 months to Q2 2025.
