Suburb Profile Report for Dubbo NSW (2830)

Dubbo House: Median price $360,000, Annual capital growth 4.26%, Number of sales 816, Weekly median advertised rent $340

Dubbo Unit: Median price $275,000, Annual capital growth 8.31%, Number of sales 49, Weekly median advertised rent $270

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Dubbo, 2830 have given investors a capital gain of 0.42%. This compares badly with the 7.11% for NSW as a whole.

Taking the average capital gain, or increase in median house value, Dubbo,2830 has racked up an average of 0.42% over the period. This ranks it number 2711th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -5.30% to buyers in Dubbo at the moment, which is less than average for the rest of NSW.

With the median price for a house in Dubbo being $360000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.91%

Dubbo is in the TOP 30% in NSW when comparing median price capital growth over the last year. Dubbo gave property investors a good capital gain figure when compared to the rest of the state, with 10.00%.

Dubbo,2830 was ranked 438 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Dubbo is offering property investors an average of -4.67. This rate of discount on properties puts Suburb at number 251th in terms of most discounted suburbs in NSW

Dubbo, 2830’s gross rental yield is 5.11%

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North-west NSW city Dubbo’s economy is set to benefit from two major mining projects within a 30km radius of the township.

Full summary

North-west NSW city Dubbo’s economy is set to benefit from two major mining projects within a 30km radius of the township.

Production on one of the world’s largest zirconia and rare earth metals deposits is scheduled to begin in 2013. Additionally, the Coborra mine project is predicted to inject around $424m into the local economy. A commencement date is yet to be disclosed. An estimated 700 jobs will be created, which is likely to increase demand for mining services and supply chain demand within Dubbo city.

Richard Tegart, director of Ray White real estate in Dubbo, believes the flow-on effect from the mining projects will have an immediate impact on the property market.

“It’s only half an hour’s drive out of Dubbo; if we’re talking 700 jobs, that could well bring 200 families into Dubbo which should put some pressure on supply.”

Ken Rogers from Dubbo City Council sees potential for growth in the town’s other industries.

“The major opportunities for Dubbo lie in the support industries and services for the mines, such as education, trades, housing, community and recreational services,” he says.

Dubbo is already home to a growing population of around 41,000, with projections of 47,000 by 2036 according to ABS figures.

Catering to the north-west of New South Wales, Dubbo is only a five-hour drive to Sydney, and four hours to Canberra and Newcastle. With the Newall and Mitchell highways at its doorstep, the region is well connected to other major townships of Orange, Bathurst and Forbes. The city is served by The Main Western Railway Line, and Dubbo airport provides passenger transport services to Sydney and Broken Hill. The council has assigned $11.5m to carry out upgrades that will cater for larger aircraft.

Despite being in the centre of a traditional agricultural region, Dubbo has a low reliance on this industry, which highlights the diversity of the local economy. Other service-based and industrial sectors such as construction and healthcare appear to be the main drivers of late. With a quarter of Dubbo’s population tipped to fall in the 65-plus bracket by 2036, it’s likely there’ll be a further increase in demand for health services and aged care facilities.

As for the long term, Rogers says the council is one step ahead in plans for an increasing population.

“The Orana Mall shopping centre is about to embark on a $22m expansion, and Dubbo Base Hospital has plans for a $100m redevelopment. The council has planned infrastructure to cater for a population of 55,000 growing from the current figure of 42,000.

“[The] council has also prepared a new Local Environmental Plan for the city which provides for the release of around 5,000 residential allotments, an expanded CBD footprint, and significantly expanded industrial areas to accommodate growth over the next two to three decades,” says Rogers.

Of the other major industries, manufacturing, wholesale and transport have all experienced significant expansion in recent years, particularly the wholesale trade, with per annum growth of 22.4% for the last three years up to 2009.

As a whole, the Dubbo economy averaged 8.5% annual growth for the period of 2006-2009, trumping the state average of 7%.

The economic activity has created significant scope for capital growth and strong yields, and is likely to reap rewards when the two big mining projects kick in over the next couple of years.

Metrics i HOUSE UNIT
$360,000 $275,000
1.41% 2.80%
0.42% 10.00%
4.26% 8.31%
$340 $270
816 49
4.91% 5.11%
80.73 81.43

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Dubbo NSW
Total population 32327
Median household income ($/weekly) 1052
Median age of persons 35
Median housing loan repayment ($/monthly) 1473
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 4627 14.3
    25-34 years 4102 12.7
    35-44 years 4052 12.5
    45-54 years 4232 13.1
    55-64 years 3386 10.5
    Others 11928 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 9929 44.9
    Not Married 9606 43.5
    Defacto Relationship 2560 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 28955 94.0
    Indonesia 125 0.4
    Papua New Guinea 259 0.8
    United Kingdom 401 1.3
    Other 301 1.0
    Others 759 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 150 0.5
    Christianity 25734 85.6
    Hinduism 135 0.4
    Islam 125 0.4
    No Religion 3792 12.6
    Others 110 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1255 12.0
    $600-$799 1162 11.1
    $800-$999 1068 10.2
    $1,000-$1,249 1009 9.6
    $1,500-$1,999 1376 13.1
    Others 4626 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 9901 41.5
    Not in the labour force 7988 33.5
    Employed, worked part-time 4331 18.1
    Unemployed, looking for work 838 3.5
    Employed, away from work 805 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 2744 18.2
    Technicians & trades workers 2197 14.6
    Community & personal service workers 1754 11.7
    Clerical & administrative workers 2197 14.6
    Sales 1750 11.6
    Others 4397 29.2
    Census Count Percent(%)
    Pre-school 691 9.1
    Infants/Primary 2894 38.1
    Secondary 2221 29.2
    Technical or Further Educational Institution 989 13.0
    University or other Tertiary Institutions 657 8.6
    Others 153 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 26589 89.0
    Flat, unit or apartment 1719 5.8
    Semi-detached, row or terrace house, townhouse 1370 4.6
    House or flat attached to a shop, office 103 0.3
    Caravan, cabin, houseboat 88 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 4075 35.1
    Rented 4043 34.9
    Fully owned 3351 28.9
    Other tenure type 130 1.1
    Tenure Type
Census 2011, ABS
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