POTENTIAL homebuyers in Sydney must have been scratching their heads when they learnt the median price of a house in Sydney has now hit $1 million.
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In many Sydney suburbs it’s impossible to buy a house for $1 million, but if you’re lucky enough to find one, it’s likely to be a tiny house on a small block of land.
Alternatively the median price of a house in Orange sits at around $338,000, but if you have $1 million to spend, you can afford to think big.
Orange real estate agent Doone Grist recently sold a palatial six-bedroom house on a one acre block to a Sydney couple who were happy to have secured the historic property for around $1 million.
Only four blocks from the central business district the couple could even look at subdividing the land.
Not all buyers plan to live in the houses they purchase, around half of Mrs Grist’s buyers are investors who know Orange represents value for money.
It’s not only affordable property that makes Orange a great place to live, it’s also the city’s fantastic food and wine culture and outstanding medical and educational facilities.
However no matter how good a lifestyle Orange offers, it’s hard to enjoy it unless you have a job.
Sadly as the Electrolux factory closure draws closer, a new influx of workers will be forced to start pounding the pavement and looking for work.
As early as next week 35 casual workers will be left without jobs, while 46 permanent employers will leave the factory for the last time early next month.
Many of these workers will find themselves job hunting for the first time in years, a daunting task for anyone.
As the average age of workers at the factory is 42 years old, retiring is not an option for many of them.
Federal and state politicians along with Orange councillors need to prioritise job creation in the region.
Orange won’t remain an attractive place to live and buy property if there are no jobs for its residents.
