Fast 50 Report 2026 Banner

Apollo Bay

POSTAL CODE: VIC, 3233
HOUSE
UNIT

Based on its average 5-year and quarterly capital gains APOLLO BAY, 3233 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that APOLLO BAY, 3233 obtained a 6.25% growth over a ten-year period. It ranks 2579th on our list of suburbs that property investors should look into.

APOLLO BAY, 3233 in VIC belongs to the local government area of Colac Otway.

APOLLO BAY, 3233 has a capital gain of -11.11% for the past year, which is lower than average compared to its 5.26% growth within a five-year period.

With the median home price in APOLLO BAY sitting at $800,000, and the average rent at $545, property owners could potentially earn a 3.54% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in APOLLO BAY are low, as opposed to average gains per annum over the past five years.

Surburb overview

Apollo Bay is a coastal town in Victoria, located approximately 190 kilometres south-west of Melbourne’s central business district and about 110 kilometres south-west of Geelong. It lies along the Great Ocean Road within the Colac Otway Shire local government area, positioned on the eastern side of Cape Otway where the Otway Ranges meet Bass Strait. The town serves as a key service centre for the surrounding region and a stopping point for travellers along the coastal route.

Apollo Bay has a population of around 1,700 residents, with seasonal increases during peak tourism periods. The demographic profile includes a mix of retirees, hospitality and tourism workers, and long-term residents, with a median age above the national average. Housing consists mainly of detached dwellings, including permanent residences and holiday homes, with some medium-density accommodation catering to visitors.

Public transport options include bus services linking Apollo Bay to Geelong and Colac, as well as rail connections to Melbourne. Due to its distance from major centres, private vehicles are the primary mode of transport for residents and visitors.

Local amenities include a primary and secondary school, a medical centre, a supermarket, and a range of retail and hospitality businesses that support both the local population and tourism. The town provides essential services for smaller nearby communities along the coast and inland areas.

Recreational opportunities are closely tied to the natural environment, with Apollo Bay’s beach supporting swimming, fishing and boating. The harbour and marina facilitate commercial and recreational fishing, while nearby areas of the Great Otway National Park offer walking tracks, waterfalls and wildlife observation.

Land use in Apollo Bay reflects a balance between residential living, tourism infrastructure and environmental management, with planning controls aimed at preserving coastal landscapes and mitigating risks such as coastal erosion and bushfire.

You’re out of free articles for this month
Loading form...