With a capital gain of -4.70% for the last 12 months, Reservoir, 3073 has performed for property investments than its average annual 7.54% property growth over the last 5 years.
Over the longer term, Reservoir has seen property prices show investors a 30.51% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Reservoir should be aiming for at least -7.10% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Reservoir the average time real estate has been on the market is 54.55 days.
Advertised rents are around the $400 mark per week – giving a return of 2.70% based on the median price in Suburb
Investment property in Reservoir has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.52%
Reservoir,3073 was ranked 1045 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Reservoir is offering property investors an average of -5.51. This rate of discount on properties puts Suburb at number 114th in terms of most discounted suburbs in VIC
Reservoir, 3073’s gross rental yield is 3.63%
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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