Dubbo's Rosewood Grove continues to grow with houses valued between $280,000 and $329,000 as young families find in it an escape from the rental market, and 11 vacant blocks go on the market this week.
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Plans for dwellings have been submitted and approved in the past six months and construction since 2011 is evident in the suburb.
And as the NSW Land and Housing Corporation's latest offering in Rosewood Grove goes up for sale by auction this week there remains only about 22 out of 170 vacant blocks left.
The lots sold progressively since 2011 have included an owner-occupier covenant, put in place as part of the transformation of the former West Dubbo public housing suburb known as the Gordon Estate.
Dubbo City Council reported plans for 21 dwellings and one dual-occupancy development had been approved between March 1 and August 31.
Selling agent Penny Browning this week reported on the estate's progress since 2011, saying sales had been "gradually increasing with each stage" released.
"Most homes that have been built in the area have been resold or revalued between $280,000 and $329,000," she said.
"Buyers have been varied but most are young couples and families breaking the rent cycle and building their first home."
The owner-occupier covenant has not stopped the blocks - with an average size of 580 square metres - from being snapped up.
"The owner-occupier covenant prevents investor interest but protects the first homebuyer breaking the rent cycle and able to claim the first homebuyer building grant," Ms Browning said.
An appreciation in prices has come with the different stages.
Six Rosewood Grove lots were sold at auction in June for prices ranging from $75,000 to $81,000, up from $35,000 a few years earlier.
The next 11 blocks are set for auction tomorrow.
The NSW Land and Housing Corporation is under the portfolio and direction of the NSW Minister for Family and Community Services.
