Apollo Bay vs Guildford

The median house price is $800K in Apollo Bay and $795K in Guildford, so Guildford is the cheaper entry point, with Apollo Bay houses about 1% dearer.

For units, Apollo Bay sits at a median of $710K against $680K in Guildford, which makes Guildford the more affordable unit market and Apollo Bay the pricier one.

On cash flow, Apollo Bay leads: houses there return a gross rental yield of 3.33%, compared with 2.35% in Guildford, a gap of 0.98 percentage points.

Over the past year house prices moved -6.3% in Apollo Bay (an estimate) and +6.3% in Guildford, so recent momentum favours Guildford, while Apollo Bay went backwards.

Rental vacancy is 1.1% in Apollo Bay and 2.4% in Guildford, so landlords in Apollo Bay face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Apollo Bay is the bigger suburb, with a population of 1,790 against 330, roughly 5 times the size of Guildford; a larger suburb usually means a deeper pool of buyers and tenants.

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