If you compare the increase in value of investment property in Reservoir, 3073 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.34%.
If we look at median property appreciation over just the last three months, Reservoir has given property investors a paper return of 2.56%. This puts Suburb as 205 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Reservoir are currently offering property investors an average price cut of -5.66% below the asking price at the moment.
At number 1364 in a list of fastest selling suburbs, Reservoir is in the TOP 40% of suburbs in Australia with an average of days on market 62.9058 for properties listed there.
With a capital gain of 10.02% for the last 12 months, Reservoir, 3073 has performed for property investments than its average annual 4.87% property growth over the last 5 years.
A 43.59% growth in median value for property investors in Reservoir,3073 puts this suburb at number 160th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Reservoir are currently offering property investors an average price cut of -3.39% below the asking price at the moment.
Information supplied by:
Love Real Estate
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.
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
Leisure centre, Edwardes Park Lake
Local industry and business:
Manufacturing and small business
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
Zone 1 train, tram along Gilbert Road and Plenty Road as well as good service by bus
M80 Western Ring Road, High Street, Albert Street, St. Georges Road