Property value increases in Reservoir have tracked just lower than the VIC average of 8.91% over the last 12 months.
Reservoir,3073 was ranked 2343 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -6.60% to buyers in Reservoir at the moment, which is less than average for the rest of VIC.
Residents and property investors in Reservoir have been waiting around 61.93 days to sell a property.
The VIC suburb of Reservoir, 3073 is in the Darebin local government area.
With a capital gain of 17.65% for the last 12 months, Reservoir, 3073 has performed for property investments than its average annual 6.37% property growth over the last 5 years.
While Reservoir,3073 ranked number 174th in VIC for increase in median house value (annualised) increase, it is ranked 56th over the last 5 years.
Reservoir3073 is located in VIC which offers an average discount of -4.60% to property investors. Reservoir itself is showing figures that indicate -4.81% is the average achievable by property buyers investing in the suburb.
The VIC suburb of Reservoir, 3073 is in the Darebin local government area.
Information supplied by:
Michael Love
Love Real Estate
M
94606511
O
0400106577
W
http://loverealestate.com.au/
E
Michael.love@loverealestate.com.au
Reservoir is located just 12 km north of Melbourne's Central Business District. Reservoir's local government area is the City of Darebin. At the 2011 Census, Reservoir had a population of 47,637.
Reservoir is an established suburb with standard brick homes, weatherboard homes, and an increasing number of new developments. The region contains popular recreation areas and facilities, including Edwardes Lake and the Reservoir Leisure Centre, and is home to the Edwardes Street and Broadway shopping strips.Full summary
Reservoir is located just 12 km north of Melbourne's Central Business District. Reservoir's local government area is the City of Darebin. At the 2011 Census, Reservoir had a population of 47,637.
Reservoir is an established suburb with standard brick homes, weatherboard homes, and an increasing number of new developments. The region contains popular recreation areas and facilities, including Edwardes Lake and the Reservoir Leisure Centre, and is home to the Edwardes Street and Broadway shopping strips.
Selling points:
12km from CBD, great access to major freeways, Edwardes Park Lake, great diversity in housing
Most sought after properties:
New construction, units/townhouses, period style homes
Most common properties:
Older homes with good sized back yards
Top Amenities:
Leisure centre, Edwardes Park Lake
Local industry and business:
Manufacturing and small business
Best Streets:
Oakhill Avenue and the Oakhill Estate hold most of Reservoirs prestigious streets although Olive Street, Ashley Street, George Street and Edwardes Street are some very lovely Streets
Public Transport:
Zone 1 train, tram along Gilbert Road and Plenty Road as well as good service by bus
Main Arteries:
M80 Western Ring Road, High Street, Albert Street, St. Georges Road
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