As the real estate landscape in the Central West region continues to evolve, savvy investors are eyeing key areas for promising investment opportunities.
In the following profile we provide you with insights into the thriving markets of the region including Dubbo and Orange; where strategic investments in community infrastructure, business and upskilling are unlocking potential growth.
Navigating the rental market
Understanding the economic climate is fundamentally important when making investment decisions. Our guide to the Central West property market will help you find the best suburbs to invest in and ensure you maximise the value of your property investments. We consider factors including 12-month increase in property value and 12-month increase in rental value to give you insights into the most-promising real estate conditions in the region.
Central West property segment
The Central West region boasts a growing real estate market in Dubbo, Orange and the surrounding towns. A diverse range of revenue streams are available to discerning investors. From farming owns to the busy urban centres, the region may appeal to investors seeking capital growth and rental income growth.
Central West property hotspots
Dubbo and Orange, vibrant cities in the heart of the Central West, have shown their prowess as focal points for investors. Their growing popularity, coupled with regional significance, makes both cities an attractive destination for property investors. The results below exemplify the potential for lucrative investment.
| Suburb | Increase in value | Median value |
| Dubbo | 6% | $514,409 |
| West Wyalong | 15.1% | $301,559 |
| Orange | 21.2% | $639,668 |
| Barraba | 17.6% | $258,652 |
Rental market resilience in the Central West:
Investors seeking rental income in other areas in the Central West region are in for a treat. These areas showcase a balance between housing value growth and steady rental income in the Central West, providing investors with a strong portfolio.
| Suburb | Increase in value | Median weekly rent value |
| Gulgong | 9.7% | $506 |
| Condobolin | 7.5% | $329 |
| West Wyalong | 6.7% | $406 |
| Boggabri | 5.1% | $399 |
| Werris Creek | 7% | $415 |
| Merriwa | 7.3% | $397 |
Your partner in Central West investment
The Central West region, encompassing Dubbo and Orange, is a fertile landscape for property investors. With strong increases in property values, rental growth, and diverse investment opportunities, this region promises a blend of stability and potential returns. As you navigate the dynamic Central West property market, consider financing with Newcastle Permanent to make informed and strategic investment decisions.
Sources:
- https://www.corelogic.com.au/__data/assets/pdf_file/0029/19955/CoreLogic-HVI-Dec-2023-UPDATED.pdf
- https://www.corelogic.com.au/__data/assets/pdf_file/0018/20349/2312-CoreLogic-2023-BestoftheBest-Report.pdf
- https://www.corelogic.com.au/our-data/mapping-market
This article is intended to provide general information of an educational nature only. It does not have regard to your objectives, financial situation or needs and must not be relied upon as financial product advice. Before you act on this information, you should consider whether it is appropriate for your circumstances. Applications subject to credit approval and fees and charges are payable. Terms and conditions apply and are available on request. Information in this article is current as at the date of publication.
