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Apollo Bay, VIC 3233

Home » VIC Real Estate Data » Colac Otway Shire, VIC » Apollo Bay, VIC 3233

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Apollo Bay, VIC 3233 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Buy 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Apollo Bay, VIC 3233”

  1. The total adult population (15 years or older) of Apollo Bay 3233 VIC is 1,546, with a median age of 52. Of those, 43.98% are married, 16.17% are divorced or separated, 34.48% are single and 5.76% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $6,016. The median monthly mortgage repayment for households in this suburb is $1,700 which is 28.26% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within Victoria, APOLLO BAY 3233 is a thriving suburb hosting an estimated 2752 households. As we delve into the Q3 statistics for 2023, a clear understanding of the property market emerges.

    Houses within this vicinity typically fetch a price of $1,354,161. With a median weekly rent set at $615, these properties record an indicative yield slightly below the favourable mark at 2.37%. This yield although below the market attractive range, it contributes to an environment where both buyers and renters can find opportunities.

    Investors considering this suburb would be intrigued by its IRSAD score. Holding firm at 959 out of a possible 1217, the score affirms the area’s relative socio-economic strength. A comforting statistic for potential investors looking at long-term growth.

    The renter to owner ratio in APOLLO BAY is at a well-balanced 28%. This underlines a favourable environment as markets supersaturated with rental properties can pose risks and high competition for property investors.

    Taking a closer look at the types of dwellings in APOLLO BAY, the fact that the units to houses ratio stands at 15% adds another tick for potential investors. With fewer units competing for tenants, rental yields are optimised and the area becomes more appealing to family demographics, encouraging longer tenancy periods.

    The affordability index, however, is challenging. Standing at 85 years, this measure significantly exceeds the standard 30-year mortgage, indicating that property ownership could be prolonged in this area.

    Stock on Market Percentage for houses sits at a mere 0.09%. Such a low percentage signals low supply which is favourable and could potentially act as a catalyst for price increases. And at the same time, the inventory level for houses at 0.69 months further solidifies low supply conditions.

    The BA Ratio, which delineates the growth of new dwellings, has a value of 0.05% – suggesting a very low supply of new houses in the market.

    Despite the favourable supply metrics, the suburb records a high average of 142 days on market for houses, suggesting a lower demand. However, extremely low Vacancy Rates of 0.26% might compensate for that, indicating a high demand in rental properties.

    Lastly, Buy Search Index, at 3, falls in the neutral category, therefore not driving the demand high but not restricting it either.

    In summary, APOLLO BAY 3233, despite some challenging indicators, presents positive aspects for property investors. Skewed towards lower supply, this market may indeed be opportune for capital gains, particularly for those investors who adopt a longer-term perspective. As always, careful consideration of all the property market statistics is vital in making rewarding property investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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