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 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!
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.