At number 3610th in the list of Australian suburbs ordered by increase in median house value over the last year, Reservoir, 3073 is in the BOTTOM 20% with a property value increase of -6.17% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Reservoir,3073 has racked up an average of -6.17% over the period. This ranks it number 1025th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -10.80% to buyers in Reservoir at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 40.50 sales per month, which equates to 486 per year.
Situated 12.07km from the CBD, Reservoir is one of Darebin (C) localities in the postcode 3073.
Over the last year, property investments in Reservoir, 3073 have given investors a capital gain of 1.12%. This compares averagely with the 3.42% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Reservoir comes in at number 83th in VIC.
The most recent median price for Reservoir is $503500, with sellers offering an average of -6.39% off the asking price.
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
Close