At number 1678th in the list of Australian suburbs ordered by increase in median house value over the last year, Reservoir, 3073 is in the top half with a property value increase of 8.00% recorded in median house prices.
Across a shorter period, Reservoir, 3073 has seen a median price increase of 0.90% over the last quarter.
The most recent median price for Reservoir is $810000, with sellers offering an average of -6.25% off the asking price.
In the last year 315 properties changed hands in Reservoir, which puts it as the 27th most active market in VIC when comparing the number of sales per suburb.
Reservoir, 3073’s gross rental yield is 2.57%
Reservoir, 3073 ranked 164th in VIC when comparing growth in median property values or capital gain over the last 12 months. Reservoir is one of 2099 in our list for VIC
Over the longer term, Reservoir has seen property prices show investors a 11.22% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Reservoir is giving property investors an average Vendor Discount of around -3.19%. This puts suburb at number 152th in VIC when ranking the most discounted suburbs.
Situated 12.02km from the CBD, Reservoir is one of Darebin (C) localities in the postcode 3073.
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