Point Bunbury is the low headland on which Apollo Bay's harbour and breakwater were built, and it separates the sheltered curve of Apollo Bay from the more open Mounts Bay to the south. For divers it offers two easy shore entries on opposite sides of the same car park, which makes it a useful place to dive whatever the wind is doing. On the harbour side, Borrow Beach is a small pocket of sand inside the breakwater with a few metres of water over sand and rubble, the breakwater rocks themselves and some low reef toward the harbour mouth; it is protected from the south-west and is where local kids snorkel. On the southern side, Point Bunbury Beach is a 500 m strip of sand fronted by a continuous rock platform and a series of small reefs that run out into 4–7 m, with kelp-covered ridges, sand gutters and ledges holding crays, abalone, sweep, wrasse and leatherjackets. Weedy seadragons are found in the weed on the sand edge, and rays and flathead work the sand.

Neither side is a destination dive, but together they are Apollo Bay's most reliable shore diving, a five-minute drive from the town, and they suit new divers, families and anyone wanting a shallow second dive after the Casino wreck or the Marengo reefs. The harbour is also the launching point for the Marengo Reefs Marine Sanctuary 3 km south, so the point makes a natural base for a day in the area. The harbour itself is a working fishing port; stay clear of the boat ramp and the harbour channel, tow a flag, and note that Australian fur seals from the Marengo colony sometimes haul out on the breakwater and should be given room.

From the Apollo Bay shops drive south along the Great Ocean Road and turn left into Breakwater Road, following it past the harbour and boat ramp to the car park at its eastern end on Point Bunbury (about 1.5 km). From the car park it is a 50–100 m walk to either Borrow Beach, the small sheltered beach inside the harbour breakwater on the northern side, or over the point to Point Bunbury Beach, the 500 m sandy beach on the southern side fronted by a continuous rock platform. Choose the side in the lee of the swell.

The Apollo Bay harbour ramp is beside the car park for anyone launching a boat to the Marengo reefs or the Casino.

Point Bunbury points east-south-east and is exposed to swell from the south and south-west, so the Point Bunbury Beach side needs swell under about 1 m and a northerly or westerly wind; the platform is awash at high tide and exposed at low tide, and mid tide is the comfortable window. Borrow Beach inside the harbour breakwater is sheltered from the south-west and is the fallback in bigger swell, though easterly seas come into the harbour. Visibility is reduced by sand movement after any onshore weather and by harbour traffic.

Check the swell at the point before gearing up; if the platform is white, dive the harbour side or not at all.

South side: enter from the sand at mid tide, fin out through a gap in the platform and follow the edge of the reef south-west in 3–6 m, exploring the small reefs and kelp gutters, then turn at half gas and come back along the same line. Harbour side: enter at Borrow Beach and work along the outside of the breakwater rocks and the small reefs to 5–7 m, returning to the beach. Both are simple out-and-back dives with a beach exit.

No dive shop in Apollo Bay; used independently by visiting divers and snorkellers, and occasionally by Geelong clubs as an easy second dive after the Casino.