WE'VE have incredible feedback on this week's story on the recent sale of Hill Street house that sold for $430,000 more than the owners paid for it just over two years ago.
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The property, which sold for $1.3 million, was bought for $870,000 in May, 2017 so the recent sale price represents a 49 per cent increase in value.
Even allowing for $100,000 the owners spent on renovations, this new price represents a $330,000, or 44 per cent, increase in value.
In response to this story there have been a few people on social media claiming Orange house prices are inflated and downright crazy but surely that's something for market forces to determine?
Yes houses in Orange's CBD aren't cheap, but there's obviously plenty of people willing to pay more than $1 million to own an historic house that's super close to the city's amenities.
There are of course several of parts of the city where buying a house is not only affordable but represents great value for money.
Rather than lament rising house prices in Orange, let's just see them as a reminder of just how desirable the Orange lifestyle is and remember no matter what part of the city you live in, you're incredibly lucky,
Tracey
