Orange Property Market Update 2nd Half 2026
Orange 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 Q2 2026, Orange recorded a median house price of $755,000, and a median unit price of $492,500. This represents an annual (Q2 2025 – Q2 2026) median price growth of 11.0% for houses and 5.5% for units. Between Q2 2025 – Q2 2026, house sales have declined, by -7.0% (to 240 for houses in Q2 2026), but unit sales have increased by 47.6% (to 31 sales in Q2 2026). Houses in Orange are undersupplied, whilst units are highly demanded. Combined, this creates a buffer against multiple cash rate hikes in 2026. Thus, there is an opportunity for owners to capitalise on their investments. Buyers who have been priced out of the housing market have shifted to units, which coincided with the high number of units due to be built in 2026.
Project Development
Orange will see approximately $78.4M of new projects commencing in 2026. That said, the number of houses and units (35 houses, 16 townhouses, and 60 units) in the pipeline will not be enough to meet demand (240 house and 31 unit sales in Q2 2026). Hence, price growth is expected to continue as the market continues to be undersupplied.
Rental Market & Growth
The house rental yield in Orange was 3.9% in June 2026, above the City of Orange LGA (3.65%) and Sydney Metro (3.0%). This was paired with a 5.3% increase in median house rental price in the past 12 months to Q2 2026, at $600 per week. The number of houses rented has declined, by -9.1% in the past 12 months, to 250 rentals in Q2 2026. There is an undersupplied rental market in Orange, which is conducive for investment. This will benefit investors looking for a more affordable option to Sydney.
Vacancy Rates & Property Investment
Orange recorded a vacancy rate of 0.6% in June 2026, lower than City of Orange LGA 0.9% and Sydney Metro 1.6% average. Vacancy rates in the past 12 months have declined slightly, indicating a tighter rental market. Furthermore, a 0.6% vacancy rate is significantly below the 3.0% benchmark, indicating there is quicker occupancy of rental homes in Orange. This is a conducive environment for investors, even with a higher median house sales price (thus, entry price) in the past 12 months to Q2 2026.
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