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Apollo Bay vs Sugarloaf Creek

Property investment comparison - Apollo Bay, VIC 3233 vs Sugarloaf Creek, VIC 3659

Head-to-head across core investment metrics: Apollo Bay wins 1, Sugarloaf Creek 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.

MetricApollo BaySugarloaf Creek
Median house price$800K$795K
Median unit price$710K-
Gross rental yield (houses)3.33%3.92%
Gross rental yield (units)--
1-year house growth-6.3%estimate-
3-year house growth--
Vacancy rate1.1%2.0%
Population1,790255

Apollo Bay vs Sugarloaf Creek: what the numbers say

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

On cash flow, Sugarloaf Creek leads: houses there return a gross rental yield of 3.92%, compared with 3.33% in Apollo Bay, a gap of 0.59 percentage points.

Rental vacancy is 1.1% in Apollo Bay and 2.0% in Sugarloaf Creek, 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 255, roughly 7 times the size of Sugarloaf Creek; a larger suburb usually means a deeper pool of buyers and tenants.

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

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