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

$635k Median Sale Price (National Average $485k) 228th In VIC
12.39% Median Price Change (1 yr) (National Average 4.30%) 239th In VIC
$350pw Median Rent (National Average $395) 338th In VIC
2.9% Median Gross Yield (National Average 4.24%) 463rd In VIC
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Properties sold 577
Average discounting -4.68%
Average Days on Market 73
Stock on Market 78 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.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Reservoir


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Latest Auction Results for Reservoir as at 26 February 2017

Property Details
Sale Price
2Bed / 1Bath / 1Car / House
-
2Bed / 1Bath / 1Car / House
$790,000
3Bed / 1Bath / 2Car / House
$880,000
3Bed / 1Bath / 1Car / House
$928,000
3Bed / 2Bath / 3Car / House
$810,000
1Bed / 1Bath / 1Car / House
$395,000

State Auction Clearance Rates - February 2017

Auctions Clearance rate
VIC 1,613 80%
ACT 100 77%
NSW 1,169 81%
NT 8 60%
QLD 174 64%
SA 121 76%
TAS 9 50%
WA 46 21%

Local schools in Reservoir VIC 3073

Any schools listed below are located within the suburb boundaries of Reservoir VIC 3073. It is not intended to be a list of schools that are zoned for residents of Reservoir VIC 3073.

Primary


Reservoir West Primary School
Coed
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Reservoir Views Primary School
Coed
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Holy Name School
Coed
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St Stephen's School
Coed
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Maharishi School of the Age of Enlightenment
Coed
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St Gabriel's School
Coed
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Reservoir Primary School
Coed
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William Ruthven Primary School
Coed
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Reservoir East Primary School
Coed
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Secondary


William Ruthven Secondary College
Coed
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Reservoir High School
Coed
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Special


Northern School For Autism
Coed
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Disclaimer
All data and information relating to local schools is provided by CoreLogic as a courtesy only. CoreLogic does not make any representations or warranties regarding the accuracy and/or completeness of this data and information. Users should check directly with the local schools to verify this data and/or information.

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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)

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Demographic data provided
by Australian Bureau of Statistics


Market Trends for Reservoir   for Houses in last 12 months


There have been 535 Houses sold in Reservoir in the past 12 months with a median sale price of $672K, up 11.81% annually. It takes on average 71 days to sell with vendor discounting of -5.41%.

Streets in Reservoir


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