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Apollo Bay, VIC 3233
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$800,000
market range $750K-$875K
Median Unit
$710,000
market range $650K-$925K
Gross Yield (houses)
3.3%
1yr Growth (houses)
-6.3%
market range -15.0% to +2.5%
Investment snapshot for Apollo Bay
Apollo Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Apollo Bay market and investor summary
Apollo Bay (VIC 3233) runs a median house price of $800K, with houses yielding a gross 3.3%. House prices have moved -6.3% over the past year. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking. Houses also take time to sell, around 127 days on market, so plan for a slower exit if you ever need one.
Living in Apollo Bay: people, income and schools
About 1,790 people live in Apollo Bay, a number that has held fairly steady over five years. The median age is 52, an older, established demographic, and families account for 58% of households.
Households here earn a median of about $59,000 a year, or roughly $1,140 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 13.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 49% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 29 for walkability and 5 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,790
- +2% over 5yr
- Median age
- 52 years
- Median household income
- $59,000/yr
- Households renting
- 28%
- Family households
- 58%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1027
- Unemployment
- 1.8%
- Walk score
- 29/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Apollo Bay
No properties currently listed in Apollo Bay
Search Apollo Bay listings →Frequently asked questions about Apollo Bay
What should I check before investing in Apollo Bay?
Apollo Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.1% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Apollo Bay?
The median property price in Apollo Bay, VIC 3233 is $800K for houses and $710K for units.
What rental yield does Apollo Bay show?
The gross rental yield in Apollo Bay is 3.3% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Apollo Bay?
House prices in Apollo Bay are down 6.3% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Apollo Bay?
The current vacancy rate in Apollo Bay is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Apollo Bay?
Apollo Bay has a population of approximately 1,790 residents, with a median age of 52.
What schools are near Apollo Bay?
There are 1 school within roughly 5km of Apollo Bay. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Apollo Bay affordable to buy in?
A median house in Apollo Bay costs about 13.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Apollo Bay's population growing?
The population of Apollo Bay has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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