22 | Insights H1 2026 Joe Burgun from Commercial Dubbo says local industrial land values have continued to rise sharply over the past 12 months, driven by a shortage of shovel-ready, industrial-zoned land releases. On the demand side, Joe says government infrastructure investment, along with private capital flowing into renewable energy and critical minerals, is fuelling demand for commercial properties. “Dubbo continues to perform as a leading regional service and logistics centre in the Central West of New South Wales, supporting sustained demand for serviced industrial land.” The rollout of the Central West Renewable Energy Zone has emerged as a key demand driver, particularly for sites suited to short-term accommodation. Joe says, “Increased contractor presence, project staging, and ancillary services to the renewable energy and infrastructure sector have driven enquiry for land and existing assets capable of conversion or adaptive reuse.” Investor demand remains broad-based, spanning industrial, retail, office, and mixed-use assets. This demand has continued to place downward pressure on yields, particularly for assets offering long WALEs and minimal capital expenditure requirements. Developer interest in Large Format Retail (LFR) has accelerated, with strong demand for suitable development sites. Joe Burgun joe@rhdubbo.com.au Dubbo Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook For more information, contact: Office Industrial Retail Rents p/m² $200-$400 $75-$200 $200-$600 Vacancy 5-8% <5% 5-8% Yields 6.5-7.5% 5.5-6.5% 6.5-7.5% Rates p/m² $2,000-$4,000 $1,000-$3,000 $2,500-$5,000 Current market conditions $1,575,000 9 Blueridge Drive, Dubbo Recent Notable Transactions SOLD $1,900,000 21-23 Bultje Street, Dubbo SOLD
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