The million dollar mark for property sales in the Orange CBD has been broken again with one sale and two new properties up for grabs.
A four-bedroom property at 26 Byng Street has sold for $1.28 million while opportunities for big spenders include 74 Byng Street with a pricetag of $1.49 million and 96 Dalton Street for $1.09 million.
The sale joins a growing list of properties close to Cook Park and the centre of town to pass the million dollar mark.
John Cook Real Estate principal Anthony Cook, who sold the Byng Street property, said these CBD properties were scarce.
"They aren't making them anymore. They're just not available," he said.
Mr Cook said there had been a mix of local and outside Orange interest in the Byng Street property.
He said the CBD properties were also becoming rarer as more owners were renovating rather than selling.
"They're hanging onto them and doing them up," he said.
McCormack Barber real estate director Peter McCormack, whose company is handling both properties for sale, said there was solid demand for high-end residential properties.
"It's as strong as it has ever been. It's been incredible for the last three to four months," he said.
Mr McCormack said the five-bedroom Dalton Street property had been renovated and was on a large block.
"To have 2000 square metres of land in the centre of town is an absolute rarity. It's just come on the market," he said.
The Domain property website this week showed there were five properties for sale in the CBD with pricetags above $1 million.
A further 21 properties on Orange's rural edges and in the surrounding areas are also for sale for more than $1 million this week.
Domain economist Trent Wiltshire said Orange's diverse economy was helping the property market fare better in the drought than some other regional areas.
In a report on the Domain website he said agriculture-based economies suffered when people were forced to sell up their properties in hard times.
"It could drag on the property market, on land prices as well as house prices in the towns," he said.
"More diversified regions will be able to withstand a drought.
"That's a gamble, but often a challenge for farmers is having the finance or the capital to get through a drought period," he said.
According to Central Western Daily research at least 20 CBD houses have topped the million dollar mark.
The top two sales occurred last year when properties in Byng Street and Summer Street were sold for record-breaking prices.
Mena in Kite Street is for sale at $2.35 million, which would set a new high, should it reach that mark.
Million dollar-plus residential properties sold within the Orange CBD include:
- 39-41 Byng Street, $1.855 million, Benchmark Rural and Lifestyle
- 21 Summer Street, $1.6 million, LJ Hooker
- 27 Byng Street, $1.5 million, McCormack Barber
- 78 Byng Street, $1.46 million, McCormack Barber
- 14 Kite Street, $1.45 million, LJ Hooker
- 26 Kite Street, $1.4 million, LJ Hooker
- 177 Anson Street, $1.39 million, One Agency Orange
- 65 Clinton Street, $1.32 million, Peter Fisher
- 151 Hill Street, $1.3 million, McCormack Barber
- 131 March Street, $1.295 million, One Agency Orange
- 15 Sale Street, $1.29 million, Benchmark Rural and Lifestyle
- 26 Byng Street, $1.28 million, John Cook Real Estate
- 72 Byng Street, $1.27 million, McCormack Barber
- 175 Anson Street, $1.25 million, McCormack Barber
- 3 Clinton Street, $1.225 million, LJ Hooker/McCormack Barber
- 40 Clinton Street, $1.2 million, Williams Machin
- 36 Hill Street, $1.1 million, Blowes
- 39-41 Byng Street, $1.03 million, McCormack Barber
- 62 Byng Street, $1.02 million, Townsend Real Estate
- 52 Kite Street, $1 million, LJ Hooker.
DO YOU WANT MORE ORANGE NEWS?
- Receive our free newsletters delivered to your inbox, as well as breaking news alerts. Sign up below ...