According to a report in the Central Western Daily on the 26th July, the average median price of a home in Orange rose from $319,000 to $336,000 over the last 12 months.
According to Dr Andrew Wilson, a senior economist with Australian Property Monitors (APM), house prices in Orange have grown by 5.8%, only slightly behind the 6.7% experienced in Sydney.
The full article can be read here.
There is plenty of information out there that is predicting increasingly higher growth rates in property. Good news for those who are in the property market, however, tougher for those who have yet to break in.
If you are a first home buyer trying to navigate your way around the home buying adventure, feel free to give me a call so that I might help you find your options.