Thinking about buying in Apollo Bay? Now could not be a better time, with just 57 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $392,000 with prices in this suburb ranging from $37,000 to $881,000. Apollo Bay is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Apollo Bay Real Estate Market Outlook

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.

Properties for sale Apollo Bay

	unit 1, 135 great ocean rd, apollo bay, vic, 3233	12	11	6	$2,800,000 - $2,900,000
	217 great ocean rd, apollo bay, vic, 3233				$1,900,000
	unit 1, 4 marriners lookout rd, apollo bay, vic, 3233	4	2	2	$1,165,000-$1,195,000
	90 biddles rd, apollo bay, vic, 3233	1	1		$990,000 - $1,080,000

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