Reservoir VIC 3073

Here you can find what you need to know about Reservoir, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a glance

$550k Median Sale Price 236th in VIC
7.47% Median Price Change (1 yr) 260th in VIC
$350pw Median Rent 300th in VIC
3.3% Median Gross Yield 435th in VIC
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Properties sold 567
Average discounting -5.68%
Average Days on Market 79
Stock on Market 84 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Reservoir, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Reservoir, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Reservoir, VIC National
Average Days
on Market
Change in Median
Price (5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Reservoir


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Latest Auction Results for Reservoir as at 02 August 2015

Property Details
Sale Price
2 Bed / 1 Bath / Car / House
-
3 Bed / 1 Bath / Car / House
$618,000
3 Bed / 1 Bath / Car / House
Passed In
3 Bed / 1 Bath / 2 Car / House
$723,500
2 Bed / 1 Bath / 1 Car / Unit
$380,000
2 Bed / 1 Bath / Car / House
$525,000

State Auction Clearance Rates - August 2015

Auctions Clearance rate
VIC 729 73%
ACT 38 82%
NSW 808 79%
NT 13 29%
QLD 133 55%
SA 74 72%
TAS 8 33%
WA 22 50%

Suburb Information

Reservoir, VIC 3073

Part of: Darebin Council No data available

The size of Reservoir is approximately 19 square kilometres. It has 44 parks covering nearly 6% of total area. The population of Reservoir in 2006 was 45,637 people. By 2011 the population was 47,639 showing a population growth of 4% in the area during that time. The predominant age group in Reservoir is 25-34 years. Households in Reservoir are primarily couples with children and are likely to be repaying between $1800 - $2400 per month on mortgage repayments. In general, people in Reservoir work in a non-specific occupation. In 2006, 65.2% of the homes in Reservoir were owner-occupied compared with 62.6% in 2011. (source: Australian Bureau of Statistics)

View all properties for sale in Reservoir

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Reservoir  for Houses in last 12 months


There have been 567 Houses sold in Reservoir in the past 12 months with a median sale price of $550K, up 7.47% annually. It takes on average 79 days to sell with vendor discounting of -5.68%.

Streets in Reservoir

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