Research only. Not financial advice. Data: Q1 2025 indicative estimates from public sources. Verify independently.
Shepparton offers a materially higher gross yield (5.0% vs 4.1%), making it the stronger income candidate at current prices. Both markets carry similar cashflow positions under current yield and interest rate assumptions.
Research context only. Not financial advice. Both markets carry distinct risks specific to their location, employment base, and economic profile. Read the individual suburb research pages before drawing conclusions. All policy references reflect proposed changes subject to final legislation.
| Metric | Orange NSW · #21 | Shepparton VIC · #19 |
|---|---|---|
| Gross Yield | 4.1% | 5.0% |
| Vacancy Rate | 1.2% | 1.4% |
| Median Price | $745k | $468k |
| Weekly Rent | $590/wk | $450/wk |
| Net pre-costs pa | $-8,060 | $-936 |
| Cashflow | Negative | Near-Positive |
| Rent Growth 12m | +5.5% | +5% |
| Price Growth 12m | +6.2% | +5.5% |
| NG Dependence | High | Low |
| Discovery Status | Emerging | Known |
| Population | 42k | 64k |
| Cycle Stage | Early-Mid | Early-Mid |
| Policy Impact | ▼ DOWNGRADED | ▲ UPGRADED |
| Signal Score | 54 / Tier 2 | 54 / Tier 2 |
Orange has moved materially as a lifestyle and sea-change destination for inland NSW. At $745k, the yield of 4.1% no longer supports cashflow-positive investing at standard LVR. The economy is diversified — Orange Base Hospital, Cadia gold and copper mine services, and Charles Sturt University — but the price growth has run ahead of rental income. New builds remain eligible for NG under current policy settings.
5.0% yield on a 64,000-population city with Australia's largest tomato processing facility and a $400M hospital rebuild underway. The Food Valley precinct is creating permanent food-tech employment. Rent growth +5.0% will push to cashflow-positive within 18 months.
2026 median house data. Source: realestate.com.au. Data quality: imported. Verify before transacting.
Data vintage: 2026
CoreLogic VIC Q1 2025 · REI Victoria Shepparton Q4 2024 · SQM Research · GV Health project update 2024 · Kagome Australia operations report · Greater Shepparton City Council economic data 2024
Data vintage: Q1 2025
The interactive tool lets you add up to 4 suburbs for a full side-by-side breakdown with score components.
Research only. Not financial advice. Data vintage Q1 2025 (indicative estimates from public sources). Verify all metrics independently with local property managers and licensed advisers before making any investment decision. All negative gearing and budget policy references reflect proposed changes subject to final legislation. Consult a registered tax adviser for personal tax position.