Apollo Bay vs Lyal
Property investment comparison - Apollo Bay, VIC 3233 vs Lyal, VIC 3444
Head-to-head across core investment metrics: Apollo Bay wins 0, Lyal wins 2. 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 | Lyal |
|---|---|---|
| Median house price | $800K | $800K |
| Median unit price | $710K | - |
| Gross rental yield (houses) | 3.33% | 4.35% |
| Gross rental yield (units) | - | - |
| 1-year house growth | -6.3%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.1% | 1.0% |
| Population | 1,790 | - |
Apollo Bay vs Lyal: what the numbers say
Houses cost about the same in both suburbs: the median house price is $800K in Apollo Bay and $800K in Lyal.
On cash flow, Lyal leads: houses there return a gross rental yield of 4.35%, compared with 3.33% in Apollo Bay, a gap of 1.02 percentage points.
Rental vacancy is 1.0% in Lyal and 1.1% in Apollo Bay, so landlords in Lyal face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
In short: Lyal for rental income, Lyal for the tighter rental market. 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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