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Internal Plans

Budgetary Guidelines

Price Matrix

The Developer

Expression of Interest

The Avenue Orange, NSW

The Avenue is located centrally in Orange on Hill Street. In its analysis of the future housing requirements of the town, the Thirdi acquisitions team identified a distinct lack of quality exectutive style property.

The Avenue delivers a total surprise package to investors, offering 12 X 3 large bedroom villas set in landscaped surrounds of a private avenue. As a private community, The Avenue is a contemporary development positioned perfectly to attract premium tenants and deliver good yields as the property market in Orange continues to boom.

Purchasers have 4 villa layouts in the development to choose from:

Why Invest in Orange?

1. Cadia mine’s record of success and recent expansion announcement
2. Well established regional centre with diverse industry
3. Undersupply of housing and limitations on future location
4. Becoming tourism destination
5. Recent government upgrades to infrastructure

Orange is one of the longest established regional centres in Australia.  A hub for agriculture and mining since the gold rush of 1851, its future success is underpinned by modern developments to industry, particularly mining and tourism.

Cadia mine, 40km to the south west of Orange City is the largest gold and copper producer in NSW and currently employs around 1,000 people directly and a similar number indirectly, which has brought an estimated $1 billion to the local economy.  The state government approved a $2 billion extension to the mine on January 8th 2010, (and commitment confirmed by the mine operator Newcrest on April 9th 2010) which is estimated will create an additional 1,300 jobs during the construction phase.  Cadia East Underground currently enjoys a mine life expectancy of over 30 years and when complete will be Australia’s largest underground mine.

Mining had resurfaced as a significant industry over the last 2 decades, adding to the strong local tradition of agriculture, principally cold climate fruits such as apples, pears and cherries, as well as sheep grazing.  Other industries including the emerging wine and tourism sectors and long established manufacturing typified by the local Electrolux white goods factory ensure that Orange maintains the diversity essential to sustaining long term prosperity in the region.

Orange prides itself on being both a seat of commerce and a desirable community.  In October 2005, Orange City Council released a report on “shared community views” as it planned its vision for the city in 2020.  Addressing the needs of both new and existing residents, it stresses the imperative for ongoing infrastructure improvements whilst retaining its status as one of Australia’s most appealing blends of city and country lifestyle.
 
Significant upgrades to the airport have been implemented and $120 million of hospital works are nearing completion.  Additionally Charles Sturt University has located a campus in Orange, notably its renowned dentistry school, and it is also home to the New South Wales Department of Industry and Investment (formerly the New South Wales Department of Primary Industry).

Orange F.O.O.D.  Week has become a notable annual regional tourism event, attracting over 15,000 visitors to the region.   It features prominently on Australian Traveller Magazine’s list of “100 Greatest Gourmet Experiences”, ahead of dining at such institutions as Rockpool, Maggie Beer’s Farm Shop and Guillaume at Bennelong.  The district was also the most prominently featured regional centre in the nation, with 3 listings in the top 100 emphasising how successful Orange has been in developing a profile for quality produce and food appreciation.

API Databank Market Watch shows gross rental yields at 5% for 12 months to December 31 2009, with annual price growth at 8.3% over the last 10 years.  Given recent impetus to the local economy provided by the Cadia extensions in particular, and ongoing commitment to infrastructure development, Orange City Council’s 2005 prediction of a 50,000 population by 2020 may yet prove to be unduly conservative.

Orange appears set to further benefit from a manageable blend of old and new industry in a district that not only welcomes the challenges of imminent expansion, but has long standing strategies and resources to effectively manage that growth.

DONT READ ABOUT IT WATCH IT!
Click below to watch our NextHotSpot Report on Orange with The Avenue as the feature property!