This Location Is Heating Up!

Suburb Details:

Since November of 2023, Dubbo’s house price has remained stagnant however those looking for a cooler market to invest in should start to monitor the market trends. Days on market and stock on market have started to slowly drop and this could be an early indication of a cool market turning warm. Dubbo has had significant growth in Covid going from $390k to $610k in median price. However a shrewd investor will have noticed that not all parts of Dubbo are sitting at that $610k median price tag. You can still secure 3 or 4 bedroom house in Dubbo for under $500,000 in the east, west and south. There are also compelling yields if you purchase the right property for the right price. See below for the full breakdown.

Key Data Metrics

_{*Note: Data derived from either DSR, Suburbs Finder or HTAG depending on reliability and availability of metrics. This is only a guide and best to cross-reference with other sources.}

Location & Infrastructure

Dubbo is a regional city in New South Wales, located approximately 400 kilometres northwest of Sydney. It serves as a major hub for the surrounding agricultural and rural areas. Key infrastructure in Dubbo includes Dubbo Base Hospital, several primary and secondary schools, and tertiary education options like Charles Sturt University. The city is well-connected by transport, with Dubbo City Regional Airport offering flights to Sydney, Brisbane, and other destinations, and major highways such as the Mitchell and Newell Highways providing road links to other regions. Dubbo's commercial area includes Orana Mall and Macquarie Street shops, offering a range of retail and dining options. The city also boasts recreational facilities like Taronga Western Plains Zoo and numerous parks.

Economic Diversity & Jobs

Dubbo's economy is diverse, driven by agriculture, health, education, retail, and tourism. The Orana region, including Dubbo, generates over $1 billion annually from agriculture, particularly livestock and grain. The health sector, led by Dubbo Base Hospital, is a key employer, and education is supported by institutions like Charles Sturt University. Dubbo’s unemployment rate is around 4.3%, below the national average. Tourism, with over 800,000 annual visitors, and a strong retail sector also contribute to its economy, making Dubbo a vital regional hub.

Other Important Factors:

Dubbo has a range of properties starting from $400k to $650-$700k. This means a lot of the cheaper properties despite being a 3 or 4 bedrooms, have a lot of catching up to do. These properties are still affordable and will eventually become scarce.

The rental yields on a data side say around 4.5% however if you buy the right property on the right street you can possibly achieve yields of about 5.5%. With vacancy rates quite low there will be rising rents which will assist with yields.

Dubbo has a population of 50,000 much like Gladstone, Rockhampton or Mackay but doesn’t come with the risk of major flooding. But it still has high council rates so make sure you do your calculations!

Nearby Major Projects:

• Projects Within Dubbo - Link

• Dubbo Road Projects - Link

• New Dubbo Bridge - Link

Example Property:

_{*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.}

Pro’s Of Investing In Dubbo

• High quality investment grade brick homes available for under $500,000.

• Good rental yields IF you select the right property on the right street.

• Economically diverse regional hub. Does not rely on one industry.

• Slight downward trends on days on market and stock on market indicating change from a cool to warm market.

• Low vacancy rates and rising rents means there will be rental growth over the next 12 months.

Con’s Of Investing In Dubbo

• Cool to warm market, there is still some uncertainty over whether it becomes a hot market.

• Poorer yields compared to suburbs in Perth, Regional QLD.

🏠️ Your Property Investment Journey Starts Here 🏠️ 

Join the Under450k community to connect, learn, and grow alongside others who are committed to reaching their investment goals. Ready to take your next big step in property? Become a member today!

Total Value: $999→ Today’s Price $35

Paid monthly. Cancel any time.

_{Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.}