Reservoir, VIC 3073
City of DarebinAll suburbs in postcode 3073
Updated
Median house price
$920,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in Reservoir?
Get the free selling guide, personalised to Reservoir, or ask for a free appraisal from a local agent.
Reservoir at a glance
- Median unit
- $650,000
- Weekly rent
- $560
- Houses · units $500
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025
House prices in Reservoir
Houses change hands at $920,000 on a typical sale, in line with the Victoria median. Units come in around $650,000, roughly 29% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $184,000. Prices are in line with the Victoria median, so the broader state lending settings apply.
Rental data as of September 2025· Victorian rental report
Free appraisal in Reservoir
What’s your home worth in Reservoir?
Ask us to introduce one participating agent who sells in your area for an appraisal backed by recent comparable sales. Only with your permission, and no commitment to list.
What to know about Reservoir
Reservoir (3073) sits in the Darebin region of Victoria. The median house here is $920,000, in line with the Victoria median of around $850K.
Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
Reservoir scores 100/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 27°C (warm), winter mornings around 6°C (cool). Annual rainfall lands at about 622 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 9 government primary, 2 government secondary, 5 Catholic, 2 independent.
Schools in Reservoir
Schools serving Reservoir: government first, then Catholic and independent.
Government schools
© ACARA, licensed under CC BY 4.0.
Location
Walkability
- Walk
- 100/100
- Transit
- 20/100
- Bike
- 100/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
Investment overview
Gross rental yield on houses sits at 3.17% (median rent $560/wk against a $920,000 price tag). Units yield 4.00% gross, often the better cash-flow play for first-time investors.
- Gross yield, housesSource: Land Victoria / DTP · May 2026
- 3.17%
- On the $920,000 median
- Gross yield, unitsSource: Land Victoria / DTP · May 2026
- 4.00%
- On the $650,000 median
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
3,848 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of December 2026
Weather year-round
- Annual rainfall
- 622 mm
- Hottest month, avg max
- 27.0°C
- Coldest month, avg min
- 5.9°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Reservoir
- What is the median house price in Reservoir?
- The median house price in Reservoir, VIC 3073 is $920,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $650,000.
- How much is my house worth in Reservoir?
- A useful starting point is the Reservoir median house price of $920,000 (units $650,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Reservoir a good investment?
- On the published figures, the gross rental yield on houses in Reservoir is 3.2%: the median weekly house rent is $560 (Victorian rental report, September 2025) against the median house price of $920,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Reservoir: the Land Victoria figures we hold do not measure one. Whether Reservoir is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Reservoir postcode?
- Reservoir is in the 3073 postcode, in VIC, in the City of Darebin region.
- Where is Reservoir?
- Reservoir is a suburb in the City of Darebin area, VIC 3073.
- What is the average rent in Reservoir?
- The median weekly rent for houses is $560, for units it's $500.
- What schools are in Reservoir?
- There are 20 schools serving Reservoir on this page, including Reservoir Primary School, St Gabriel's School, Maharishi School of the Age of Enlightenment.
- How walkable is Reservoir?
- Reservoir has a Walk Score of 100 out of 100, very walkable. transit score 20, bike score 100.
- What suburbs are near Reservoir?
- Reservoir is close to Reservoir North, Reservoir East, Keon Park, Kingsbury, Reservoir South.
Selling in Reservoir? Get the free selling guide
What selling costs, how agents price homes, what to ask them and a 12-week plan to settlement, personalised to Reservoir. A free PDF, in about a minute.
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Reservoir
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.