If you compare the increase in value of investment property in Reservoir, 3073 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.61%.
Reservoir,3073 has offered an average of -1.61% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Reservoir 3073 should be seeing an average reduction in asking price of around -6.68% . This means that Reservoir is holding prices well when compared to other suburbs in VIC.
Situated 11.94km from the CBD, Reservoir is one of Darebin localities in the postcode 3073.
VIC has seen average median house prices change by 5.32% which means that Reservoir, 3073 has done well for property investors by showing a capital gain of 7.24% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Reservoir comes in at number 71th in VIC.
At number 92th of VIC’s most discounted properties, Reservoir is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Reservoir have been waiting around 59.71 days to sell a property.
Situated 11.24km from the CBD, Reservoir is one of Darebin localities in the postcode 3073.
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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