Unit 1, 135 GREAT OCEAN ROAD Apollo Bay VIC 3233
This property is Off Market
- The Average property price in this area is $998,559, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.15 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Otway
With an average age of 52, households expect an average monthly mortgage payment of $1,517 or a weekly rent payment of $300. The average family earns a weekly income of $1,463 with a typical household size of 1.8 and a 94.64% employment rate.
Consistent high demand relative to supply is a key feature in Apollo Bay driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Apollo Bay due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Apollo Bay changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Apollo Bay to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Apollo Bay the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
General Points of Interest
Beauchamp Falls
Apollo Bay Surf Life Saving Club
The Redwoods
Apollo Bay Golf Club
Apollo Bay Community Pool
Hopetoun Falls
Apollo Bay Aviation
Population
(Country of Birth not stated 14%)
Are people healthy?
There are a recorded 394 asthma sufferers and 184 people living with diabetes. In addition, 250 people have a heart/vascular condition and 452 people live with three or more chronic diseases.A good place to invest in property?
Otway a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
33 / 100
52 / 100
Industry
04 / 100
17 / 100
Population
16 / 100
32 / 100
House Prices
85 / 100
70 / 100
Jobs
20 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsApollo Bay P-12 College
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Apollo Bay P-12 College
Apollo Bay, VIC, 3233 State Prep-12 -
Lavers Hill K-12 College
Lavers Hill, VIC, 3238 State Prep-12
Property Story
Unit 1, 135 Great Ocean Road, Apollo Bay, Vic, 3233 is a residential property . The estimated distance to the sea is only 0.15km and 0.07KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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