The Market
Why Great Ocean Road is One of the World's Premier STR Markets
The Great Ocean Road is a single famous name covering three separate local government areas, and that is the first thing an owner here needs to understand. Surf Coast Shire runs Torquay through to Lorne, Colac Otway Shire covers Apollo Bay and the Otways, and Corangamite Shire takes in Port Campbell and the Twelve Apostles — three councils with their own planning positions, which means a guide written about the region is not guidance about your address. Above all three sits Victoria's Short Stay Levy Act 2024: a levy of 7.5% of the total accommodation fee on stays of fewer than twenty-eight consecutive days, applying to bookings made on or after 1 January 2025, collected by platforms on platform bookings and by you on direct ones. Victoria has no statewide night cap — the levy is the instrument — but the same Act allows an owners corporation to ban short stays by special resolution of seventy-five per cent of lot owners, except where the lot is the owner's or occupier's principal residence. What all of that governs is one of the world's great coastal drives, built between 1919 and 1932 by returned servicemen and dedicated to the dead of the First World War.
The Great Ocean Road runs three different markets strung along two hundred and forty kilometres of coast, and the biggest single mistake operators make is pretending they are one. The Surf Coast end — Torquay, Jan Juc, Anglesea and Aireys Inlet — is Melbourne's weekend surf belt, ninety minutes from the city, with Bells Beach, a serious surf industry and the strongest year-round demand in the region. Lorne and Apollo Bay are the classic holiday towns: beaches, the Otway rainforest behind, restaurants and a January peak that is close to absolute. Port Campbell and the western end are the Twelve Apostles market, dominated by international and interstate touring traffic that historically drove through in a day and increasingly stays a night. Behind all of it sit the Otways — waterfalls, tall forest, the Great Ocean Walk and a genuinely different product that works when the coast is cold. Blended nightly rates run near A$342 with occupancy around 50%, which reflects a market with an outstanding summer, a real shoulder that few people sell, and a winter that most of the region simply concedes.
Top Attractions & Landmarks
- The Twelve Apostles and Loch Ard Gorge
- Bells Beach and the Surf Coast
- Lorne and Erskine Falls
- Apollo Bay and the Otway Ranges
- The Great Ocean Walk
- Cape Otway Lightstation
- The Memorial Arch at Eastern View
Nearby Markets: Mornington Peninsula | Barossa Valley | Adelaide