Question 1

Is Apollo Bay a nice place to live?

Accepted Answer

Apollo Bay is a coastal town on the Great Ocean Road, framed by sandy beaches, a working harbour at the mouth of the Aire River and the rainforest of the Great Otway National Park. It still feels like a fishing and holiday town, with a compact village strip of cafes, seafood shops and galleries and year-round visitors for surfing, boating and scenic bushwalks. Housing ranges from older weatherboard and fibro beach cottages to newer homes on the hills, and everyday life is relaxed and outdoors-focused, centred on sea, river and forest.

With a community of about 1,790 people and a median age of 52, Apollo Bay is mostly owner-occupied (70.9%) and is home to couples without children alongside families, retirees and people working in tourism and creative trades. The harbour precinct is being redeveloped by the Great Ocean Road Authority, and local facilities include a kindergarten with maternal and child health services plus recent upgrades at the library and public hall. That mix of outdoor lifestyle, local services and ongoing harbour works will suit people who want a laid-back coastal base; whether it fits you comes down to what you’re after.

Question 2

Is it expensive to live in Apollo Bay?

Accepted Answer

In Apollo Bay, house rent of about $555 a week would be roughly 48.5% of a typical local household's weekly income as recorded at the most recent Census. That is a large share of income, so for people renting rather than buying, housing costs sit high against what a typical local household earned at the last Census. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Apollo Bay a good place to invest?

Accepted Answer

Over the past 12 months house values in Apollo Bay fell 7.0%, while house rents edged up 1.8%. The value change is the capital movement and here it represents a notable decline over the year, while the rent change is the movement in rental income and it rose only slightly. Which of those matters more will depend on your investment goals and personal circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-7.0%	N/A
Sold Past 3 months	3	1
Median days on market Past 12 months	111	N/A
Average rent Past 12 months	$555	N/A
Change in rent Past 12 months	1.8%	N/A

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