Orange population

Orange residential statistics are an important factor for any property investor. NSW is a big state and there are a few of regional towns that are worthy a look at. Generally, when looking into property investing, we look at the towns that have “anchored” economies. That means that they are capable of surviving without being too dependent on one industry. For property investing, we think population growth is important.

Orange a successful regional town. Orange has proven itself an inventive and dynamic economy.
Orange a successful regional town.

Orange is one of the cities that is often on the radar of many property investors. It is a prosperous and growing city. At the time of typing of this article, Orange had a population of 41,809 people. Orange region had a population of 59,818. Median age in Orange is 37 years, which shows us that this is a fairly young city. Young cities are usually more interesting to us, property investors, than older demographic cities. Because it we think it indicates potential for growth and expansion.

Orange population growth

Orange population has remained fairly stable. There is no significant growth. Overall, number of residents in Orange has grown by 14.40% from 2001 to 2018. Here is the table that shows trending of population growth in Orange. This is better than Newcastle!

TIME Orange
2001                                                    52,288
2002                                                    52,448
2003                                                    52,513
2004                                                    52,311
2005                                                    52,328
2006                                                    52,482
2007                                                    53,053
2008                                                    53,725
2009                                                    54,493
2010                                                    55,353
2011                                                    56,318
2012                                                    56,834
2013                                                    57,359
2014                                                    57,925
2015                                                    58,200
2016                                                    58,703
2017                                                    59,207
2018                                                    59,818

What will happen to Orange property?

Population of Orange has remained stable, which indicates to us the city is not losing population to Sydney. Due to its proximity to Sydney and its employment hubs, we think in long run Orange should become more and more attractive to young professionals. Orange is also diversifying itself into a very successful service-based economy.

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