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Dubbo is a city situated in the Orana Region of Australia, in New South Wales. This city overlooks West Dubbo and has a population of more than 38,000 permanent residents. Established in 1849, it became a city in 1966. Dubbo lies in close proximity with other cities and localities accessible via several road intersections like the Golden Highways, Mitchell, and Newell. The city is also linked to major highways in Southern Melbourne, East Sydney, and Northern Brisbane. These links make it easy for residents to connect with many other parts of the state and regions elsewhere.
Before the coming of migrants from Europe, the area was occupied by the Wiradjuri people who lived in the area more than 40,000 years ago. It is reported that a Surveyor and Explorer by the name of John Oxley first reported about the area sometime in 1818. After then, the first set of colonists from Europe began to arrive in batches.
One of the first settlers was an English man named Lawrence Dulhunty, who occupied a property in 1828. Today, the site is where Dubbo Station lies. After the Squatting Act was passed in1836, he got a license to the land and began a long friendship with the aboriginal population. Today, Dubbo is a pleasant residential site for low and middle-income families.
The local property market of Dubbo occupies a distant 1079th position in New South Wales for localities with the highest property gain margins over the last 36 months. For last year alone, Dubbo enjoyed a capital appreciation percentage of 9.25%, which is quite an impressive figure. The demand for real estate in the area has remained steady for a number of years now, and so has the development costs of real estate fees and the price of other related services.
Currently, the median price of a home is $405,000, with an average weekly rent of $367.5. From the data just cited, you can see the owners with rented properties in the area post net positive income generation figures. So much so that the rental yield has remained at a consistent 4.72%. As for investors in the Dubbo, the median home price has witnessed a slight increase by about 4.05%.
Over the last 10 years, the average median price for houses has been at 4.58%, which shows that Dubbo actually saw a much higher rise in value compared to other suburbs. Currently, Dubbo occupies the 215th spot on the list of suburbs investors are interested in investing in.
Are you thinking of relocating to a lovely neighborhood with a nice side attraction to keep you engaged when you are not at work or when you want to enjoy a lovely time with your family and friend? It will interest you to know that Dubbo has more than a few spots you will like. There are several interesting places you can go outdoors. Some activities and things to do in Dubbo include
The information center
The information center is a lovely place to visit if you want to learn about the rich history of the area. In addition, the center has maps that you can use to navigate the area if you want to go sightseeing. You can explore the long Victorian streets of the city or even visit St Brigid Catholic Church to appreciate its amazing architecture.
Dubbo used to have a gaol where prisoners were kept away from the rest of the population. Despite its existence from 1847 until it was decommissioned in 1966, the authorities have preserved its history. The fall has heavy wooden doors and lifelike mannequins dressed in prison attire. Yet, for all its resilience, the gaol has a dark and sordid past that the guides will be more than willing to share with you.
The Taronga Zoo in Western Plains is an amazing place to visit if you are a wildlife lover. The zoo is roughly 300 hectares of land with different animal species allowed to roam freely. Traversing the zoo can be done on foot, on an electric cart, or a bicycle.
Other side attractions include
The local property market is a viable investment opportunity for investors due to the positive ratios the area has posted over the last decade or so. Its proximity to historic landmarks, extensive road networks, and other side attractions makes it a huge draw for couples looking to start a family. To this end, the demand for rented units and houses has remained consistently high. If you are looking to invest in rented apartments, Dubbo is a great place for such an investment.
Currently, about 28.61% of residents live in rented homes, while the rest live in owner-occupied properties. Also, the weekly median rent for is $380 but could be higher. Consequently, Dubbo rented apartments attract a median rental yield of 4.95%, so rest assured that you will get to earn regular income off your property.
Also, the median price for properties listed for sale in Dubbo is an average of $399,000, which is a 5% increase compared to previous years. As for units, the median listing price is $270,000. In addition, homeowners looking to sell their houses may have to wait for at least 240 days to find a buyer.
Before you pay for a Dubbo property, bear in mind that you will need to transfer the legal ownership from the former owner to your name. This process is known as Conveyancing, and it can be quite a herculean task due to the complex nature of property transfers. Conveyancing is the process of transferring level ownership from an old owner to a new owner. To do this seamlessly, you need the expert help that Conveyancing professionals can provide. If you are looking for help in this regard, look no further than Lead Conveyancing services.
Dubbo () is a city in the Orana Region of New South Wales, Australia. It is the largest population centre in the Orana region, with a population of 38,392 at June 2018. The city is located at the intersection of the Newell, Mitchell, and Golden highways. The nearest city, Orange, is about 144 km (89 mi) away. Dubbo is located roughly 275 m (902 ft) above sea level, 303 km (188 mi) north-west of Sydney (400 km (249 mi) by road) and is a major road and rail freight hub to other parts of New South Wales. It is linked by national highways north to Brisbane, south to Melbourne, east to Sydney and Newcastle, and west to Broken Hill and Adelaide. Dubbo is included in the rainfall and weather forecast region for the Central West Slopes and in the Central West Slopes and Plains division of the Bureau of Meteorology forecasts. == History == Evidence of habitation by Wiradjuri Nation, Indigenous Australians dates back over 40,000 years.Explorer and surveyor John Oxley was the first European to report on the area, now known as Dubbo, in 1818. The first permanent British colonists in the area were English-born Robert Dulhunty and his brother Lawrence Dulhunty.Dulhunty occupied a property, known as Dubbo Station (established in 1828), from the early 1830s on a squatting basis. With the passing of the Squatting Act in 1836, he took out a licence on the property.Dulhunty showed an affinity with Indigenous Australians, his party included some 40 Aboriginals and he favoured using Aboriginal names for properties, including Dubbo.