Apollo Bay vs Wonyip
Property investment comparison - Apollo Bay, VIC 3233 vs Wonyip, VIC 3962
Head-to-head across core investment metrics: Apollo Bay wins 3, Wonyip 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 | Wonyip |
|---|---|---|
| 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% | 2.2% |
| Population | 1,790 | 39 |
Apollo Bay vs Wonyip: what the numbers say
The median house price is $800K in Apollo Bay and $805K in Wonyip, so Apollo Bay is the cheaper entry point, with Wonyip 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 Wonyip, a gap of 0.72 percentage points.
Rental vacancy is 1.1% in Apollo Bay and 2.2% in Wonyip, 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 39, roughly 46 times the size of Wonyip; 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, Apollo Bay 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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