I don't know the area but was watching foxtels your money your call last night with Margaret Lomas and she was asked where she would buy if she had 350,000 to invest and her reply was Bathurst and northern suburbs Adelaide. Didn't hear reasons why.
I've been having a look at what's available in Orange this last week or so. Things I've noticed - tons of rental stock on the market. Haven't seen any great deals out there - I'm struggling to find anything above 5% yield.
I have a couple in Orange. We bought there cos we found a couple of places that were cheap and had good rental yields. We weren't specifically looking at Orange at the time, just that the numbers worked for us.