Real estate agents sold 798 houses and 41 units for a sales total of 839 properties in the rolling year to November 2018.

Real Estate Institute of NSW Orana Division president Adam Wells said the Dubbo housing market continues to be a source of positivity.

“There is a real strength in our housing market and we have been able to sustain ourselves for an extended period now,” he said. 

“That is thanks to established agents and a stable economy in Dubbo for the last 15 to 20 years.

“We have capital cities and other regional areas performing below expectations and yet we see a consistent increase in Dubbo year on year, that is exciting.”

Mr Wells said Dubbo has a mixture of owner-occupiers and investors buying and a good number of first-home buyers.

“We are still seeing a number of first-home buyers coming into the market which is good,” he said. 

“Just last week I sold a house to a 25-year-old who had done all his homework and even with new lending criteria on the back of the royal commission still was able to buy his first home.

“Dubbo is a positive place to buy a home in and invest in. We are encouraging all house purchases to take steps to get ready, so they are in the best position to secure a property.”

Dubbo real estate agent Bob Berry said the figures are good news for homeowners.

“Dubbo is holding up very well in the face of the constant claims of falling house prices,” he said. 

“Some claims indicate Australian house prices have fallen 4.5 per cent in the year, well, not in Dubbo. Our market in Dubbo is performing well against the capital cities of Sydney and Melbourne.

“There is no one Australia house market; it has never been clearer how different circumstances impact differently on different markets.

“Bondi Beach increased 16.7 per cent, but Bondi Junction declined by 11.6 per cent, so you couldn't get a better example of how you can can’t describe the Australian housing market in a sweeping statement because those two suburbs are right next to each other.”

In Orange the median house price is $397,000, up 7.5% over the last 12 months, Mudgee’s median price is $395,000, up 3.6 per cent, and Wellington’s median house price is $155,000 up 3.3 per cent.