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Caloola vs Dubbo

Property investment comparison - Caloola, NSW 2795 vs Dubbo, NSW 2830

Head-to-head across core investment metrics: Caloola wins 2, Dubbo wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricCaloolaDubbo
Median house price$675K$680K
Median unit price$445K-
Gross rental yield (houses)4.24%4.40%
Gross rental yield (units)5.64%-
1-year house growth-+20.5%
3-year house growth-+9.9%
Vacancy rate0.8%1.6%
Population6243,516

Caloola vs Dubbo: what the numbers say

The median house price is $675K in Caloola and $680K in Dubbo, so Caloola is the cheaper entry point, with Dubbo houses about 1% dearer.

On cash flow, Dubbo leads: houses there return a gross rental yield of 4.40%, compared with 4.24% in Caloola, a gap of 0.16 percentage points.

Rental vacancy is 0.8% in Caloola and 1.6% in Dubbo, so landlords in Caloola face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Dubbo is the bigger suburb, with a population of 43,516 against 62, roughly 702 times the size of Caloola; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Dubbo for rental income, Caloola for a lower purchase price, Caloola for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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