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City of Darebin

Reservoir

Reservoir Property Market
& Suburb Profile

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MEDIAN PRICES IN RESERVOIR

Median house price

(all agencies, last 12 months)$920k*

House price change

(all agencies, last 12 months)+3.37%

Median unit price

(all agencies, last 12 months)$650k*

Unit price change

(all agencies, last 12 months)+3.17%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

RESERVOIR price TRACKER

HousesUnits

Reservoir sales overview

  • Sold by Auction 66%
  • Sold by Private Sale or Other Method 34%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)27

Auction clearance rate in Reservoir

(all agencies, last 12 months)68%

Average held period in Reservoir

(proptrack)13 years

Reservoir Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$592pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$510pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)3.2%

Average rental yield for Units

(all agencies, last 12 months)4.27%

Reservoir total population size

(as at the last census)51,096

Median household size in Reservoir

(as at the last census)2.4

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Reservoir property types

  • Houses 34%
  • Units 32%
  • Other 34%

OCCUPANCY in Reservoir

  • Owned 60%
  • Rented 36%
  • Other/Not Stated 4%
  • Singles 31%
  • Families 64%
  • Other 5%

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About Reservoir

Reservoir is a suburb of Melbourne, Victoria, Australia, 12 km north of Melbourne's Central Business District. Its local government area is the City of Darebin and at the 2016 Census, Reservoir had a population of 50,474. It is the largest suburb in Melbourne by land area.

Reservoir's a multi-cultural and established suburb with brick and weatherboard homes, plus 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.

Close to the Northland Shopping Centre, Preston Market, High Street food quarter, Sydney Road shops and restaurants and one of three remaining drive-in cinemas in Melbourne, the Village in Coburg, the Reservoir area is experiencing unprecedented growth and is also popular with home-buyers looking for a 'still affordable' inner city lifestyle.

Resevoir is serviced by four railway stations on the Mernda railway line: Reservoir, Regent, Keon Park, and Ruthven. Reservoir station acts a bus hub for many of the Reservoir bus routes and two tram lines service the area.

The Merri Creek Trail and Darebin Creek Trail are shared-use recreational paths used by cyclists and walkers that pass through Reservoir.

Reservoir has easy access to the Northern/Western Ring Rd, Hume Highway/Freeway, Tullamarine & Calder Freeways and Eastern Freeway.

Education

Holy Name School
Maharishi School of the Age of Enlightenment
Northern School For Autism
Preston Reservoir Adult Community Education - Prace College campus
Reservoir East Primary School
Reservoir High School
Reservoir Primary School
Reservoir Views Primary School
Reservoir West Primary School
St Gabriel's School
St Joseph the Worker School
St Stephen's School
William Ruthven Primary School
William Ruthven Secondary College
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Reservoir MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20251135$785,0003.37%1571$551pw3.74%
20241079$760,0004.09%1429$530pw3.76%
20231008$742,500-5.05%1538$502pw3.55%
2022956$767,750-0.77%2171$435pw3.18%
20211320$773,75015.61%2170$394pw2.69%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20251135$785,000+3.37%
20241079$760,000+4.09%
20231008$742,500-5.05%
2022956$767,750-0.77%
20211320$773,750+15.61%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20251571$551pw3.74%
20241429$530pw3.76%
20231538$502pw3.55%
20222171$435pw3.18%
20212170$394pw2.69%

PROUDLY SERVICING Reservoir

Barry Plant
Reservoir

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.