Apollo Bay vs Bungalally
Property investment comparison - Apollo Bay, VIC 3233 vs Bungalally, VIC 3401
Head-to-head across core investment metrics: Apollo Bay wins 2, Bungalally wins 0. 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.
| Metric | Apollo Bay | Bungalally |
|---|---|---|
| Median house price | $800K | $805K |
| Median unit price | $710K | - |
| Gross rental yield (houses) | 3.33% | 2.61% |
| Gross rental yield (units) | - | - |
| 1-year house growth | -6.3%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.1% | - |
| Population | 1,790 | 93 |
Apollo Bay vs Bungalally: what the numbers say
The median house price is $800K in Apollo Bay and $805K in Bungalally, so Apollo Bay is the cheaper entry point, with Bungalally houses about 1% dearer.
On cash flow, Apollo Bay leads: houses there return a gross rental yield of 3.33%, compared with 2.61% in Bungalally, a gap of 0.72 percentage points.
Apollo Bay is the bigger suburb, with a population of 1,790 against 93, roughly 19 times the size of Bungalally; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Apollo Bay for rental income, Apollo Bay for a lower purchase price. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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