It’s been a good year for Orange Real Estate

The real estate industry in Orange continues to play a vital role in our local economy and one local agent reports on what has been a pleasing year. 

As the end of 2019 approaches, the team at Orange Real Estate has been collecting statistics for both sales and rentals to reflect on a good year in property in Orange. 

The buying patterns from their purchasers are:  

• 66% of our total purchasers are local to Orange. 

• 52% of our total purchasers bought a home for them to owner occupy. 

• 40% of our total purchasers were first time buyers. 

• As for investors 60% of those clients that purchased an investment property were also local to Orange and 40% were from elsewhere. 

These statistics suggest that the economy in Orange is going well allowing local people to invest in the local property market. 

Orange Real Estate has also seen a growth in rentals with 70 new managements this year to date, and 53% of landlords are local. 

112 routine inspections this year of the rental managements.

With many large scale projects, wide employment opportunities, Orange and the Real Estate sector should continue to grow throughout 2020.