Dubbo is a sizeable suburb in New South Wales within the Dubbo Regional local government area (postcode 2830). The area has roughly 43,516 residents and a mix of families and early-career residents, with a median age of 35. Households earn a median income of $88K per year, with an average household size of 2.5 people. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Dubbo is $717,000, having jumped by 15.6% over the past year. Units have a median price of $395,000 (+20.6% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,582.
Dubbo is served by 22 schools, including 10 primary, 3 secondary, 6 combined, 3 special. The average ICSEA score is 919, which is below the national average of 1,000. Public transport access includes 8 rail stations, 881 bus stops. Healthcare facilities include 2 public and 1 private hospitals. The crime rate in the Dubbo Regional LGA is moderate at 6,970 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 3.9% (moderate yield). Property prices sit below the state median ($717K/$1.5M), which can point to relative value. The price-to-income ratio of 8.2x is considered moderate. House prices have moved +15.6% year-on-year.