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Suburb Insights ยท TAS 7150

Apollo Bay 7150, Tasmania

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Apollo Bay is a coastal suburb in Tasmania, Australia, with a population of approximately 38, making it a boutique locality. Located approximately 32 km from the Hobart CBD, Apollo Bay is a coastal area in Tasmania. The median household income is $61,724 AUD per year (ABS 2021 Census).

Investment Score

39 / 100 Weak

Lower income levels in Apollo Bay typically translate to more affordable entry points for investors. Coastal lifestyle appeal adds a premium that supports long-term demand.

Location

Map shows Apollo Bay, Tasmania, Australia.

Key Indicators

Postcode
7150

Official Australia Post postcode for Apollo Bay. A postcode may cover multiple suburbs.

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Population
38

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$255/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$61,724/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
32 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$791/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
41% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Coastal lifestyle is a strong draw for Apollo Bay, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Tasmania consistently attract interstate migration and lifestyle buyers. The median rent of $255/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $791/month.

Investment Strategy

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Buy & Hold

Apollo Bay offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Rental yields in Apollo Bay tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Renovation or flip strategies in Apollo Bay face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Apollo Bay property

Full Property Analysis

30-year projections for Apollo Bay

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Capital growth in Apollo Bay may remain subdued in 2026, with limited demand drivers in the near term. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Investor sentiment toward Apollo Bay is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Apollo Bay a good suburb for investment?

Apollo Bay is a coastal area in Tasmania with a population of 38. The median rent is $255/week and the median household income is $61,724/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Apollo Bay?

Key demand drivers in Apollo Bay include lifestyle appeal and proximity to the coast. 41% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Apollo Bay?

According to the ABS 2021 Census, Apollo Bay has a population of approximately 38. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Apollo Bay from the Hobart CBD?

Apollo Bay is approximately 32 km straight-line distance from the Hobart CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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