Reservoir is a major suburb in Victoria within the Darebin local government area (postcode 3073). With a population of 51,096, the suburb has an established demographic with a median age of 38. Households earn a median income of $80K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Reservoir is $905,000, having increased 4% over the past year. Units have a median price of $630,000 (+1.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,986.
Reservoir is served by 13 schools, including 9 primary, 2 secondary, 2 special. The average ICSEA score is 1021, which is around the national average of 1,000. Public transport access includes 17 rail stations, 308 bus stops. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Reservoir offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($905K/$875K). The price-to-income ratio of 11.3x is considered stretched. House prices have moved +4.0% year-on-year.
Reservoir is a major suburb in Victoria within the Darebin local government area (postcode 3073). With a population of 51,096, the suburb has an established demographic with a median age of 38. Households earn a median income of $80K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Italian.
The median house price in Reservoir is $905,000, having increased 4% over the past year. Units have a median price of $630,000 (+1.7% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,986.
Reservoir is served by 13 schools, including 9 primary, 2 secondary, 2 special. The average ICSEA score is 1021, which is around the national average of 1,000. Public transport access includes 17 rail stations, 308 bus stops. The crime rate in the Darebin LGA is higher than average at 10,706 incidents per 100,000 population.
From an investment perspective, Reservoir offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($905K/$875K). The price-to-income ratio of 11.3x is considered stretched. House prices have moved +4.0% year-on-year.