OUR SAY: Living the good life in Orange can come at a high cost

While most of us realise just how lucky we are to live in such a picturesque rural setting with all the amenities of a big city, it’s time we acknowledge things won’t always stay the same.

With house prices in capital cities continue to rise buying a home for many city dwellers seems like a pipe dream.

While Sydney has long held the dubious title of being among the most expensive property markets in the world, Melbourne and even Brisbane are fast gaining ground.

It's not like the news is any better for renters, as prices continue to rise.

Estimates suggest city-dwelling renters will need half a million dollars more than their property-owning counterparts to cover their rent in retirement.

These are precisely the reasons why many would-be homeowners are house hunting further afield.

A look through the pages of Domain will tell you there are still some fantastically-priced houses to be snapped up in Orange.

At the top end of the market, however, there's an ever-increasing number of houses in the $800,000 to $1 million price bracket.

These houses, many of them in the heritage areas of Orange, showcase the very best in historic architecture and trade on this city's reputation for having beautiful homes.

While once these historic gems could be purchased for a song, now their prices are not so affordable for everyone.

Domain's Andrew Wilson has confirmed what we've all suspected for some time, house prices in Orange are on the rise.

In fact, according to Dr Wilson, by the end of 2017, median house prices in Orange are expected to have hit the $400,000-mark.

This is a mighty jump when you realise the median house price in Orange is currently only $359,000 and it’s March already.

Despite new estates and developments on the city’s perimeters, the price hikes are being driven by house prices in the CBD.

This demand for housing in the CBD bodes well for the old Orange Base Hospital site development.

Not only will the site provide additional accommodation in the heart of Orange’s CBD, it will also provide a mix of differently-priced accommodation.

The real definition of a city that’s great to live in is one that enables its residents to have a number of choices about how and where they want to live.

That’s exactly what we have.


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