Orange

NSWTier 2EmergingNegativeEarly-Mid· New build eligible ✓
54
/100
Policy
▼ DOWNGRADED
Rank #21

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.

Data noticeMarket metrics: 2026·Metrics are progressively reviewed and refreshed
Gross Yield
4.12%
Rent Growth
+5.5%
Price Growth
+6.2%
Vacancy
1.2%
Median Price
$745k
Weekly Rent
$590
Population
42k
Income Level
Med
NG Dependence
High
National Rank
#21

Orange's cashflow model depends significantly on negative gearing deductibility. Under proposed 2026 budget changes restricting NG on existing residential property purchases from July 2027, investors in this market face increased holding costs unless rents grow materially before the proposed commencement date. Verify the legislative status and your specific position with a registered tax adviser before transacting.

80% LVR at 6.5% interest. Indicative only.
Annual Rent
$30,680
Annual Interest
$38,740
Net Pre-Costs
$-8,060
NG Required?
Yes
At 5.5% annual rent growth. Model estimate only.
PeriodWeekly rentAnnual rentvs. InterestStatus
Now$590/wk$30,680$-8,060Near-pos
Year 1$622/wk$32,367$-6,373Near-pos
Year 2$657/wk$34,148$-4,592Near-pos
Year 3$693/wk$36,026$-2,714Near-pos
Year 4$731/wk$38,007$-733Near-pos

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.

Negative cashflow at standard LVR. Price growth has outpaced rent growth, compressing yield. Agriculture and mining services dependence in the broader region. Smaller buyer pool than major cities. Data vintage 2026. Source: realestate.com.au median house. Verify independently before transacting.

4.1% yield at $745k = $30,680 annual rent vs $38,740 annual interest (80% LVR, 6.5%) = -$8,060 pre-cost. Negative cashflow. New builds eligible — NG retention for new construction applies under current policy.

Cadia gold and copper mine — services employmentCharles Sturt University Orange campus — education demandOrange Base Hospital — regional referral centre
54 / 100
Rental yield signal
+11
Rental momentum
+11
Yield vs. price spread
+9
Supply tightness
+9
Economic fundamentals
+10
Market liquidity
+7
Discovery discount
-3
Policy adjustment+-2pts
Total score54

Benchmark Orange against up to 3 other suburbs side-by-side.

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Last reviewedJune 2026
Data vintage2026
ConfidenceHigh
StatusVerified

Model estimates only. Not financial advice. Verify independently.

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