Reservoir at a glance
Median house
$920,000
Median unit
$650,000
Walk score
100
Walker's paradise
Population
51.1k
Median age 38
The brief
What to know about Reservoir.
The postcode for Reservoir is 3073 (VIC), part of Greater Melbourne.
The median house price in Reservoir is $920,000.
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.
Reservoir has roughly 51,096 residents, with a typical family-age mix. Households are dominated by renters. Day-to-day life here is very walkable, with most errands manageable on foot.
Side by side
Compare Reservoir with a nearby suburb.
Median, growth, schools, walkability, all in one view.
Day to day
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 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 9 government primary, 2 government secondary, 5 Catholic, 2 independent.
Who lives here
Demographics.
The 2021 Census put Reservoir's population at 51,096, with a median age of 38. That sits as a typical family-age mix.
Population
51,096
Median age
38
Family households
–
Lone person
–
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.
Market
The price of a home here.
Median house price
$920,000
+0.0% over the past year. Median unit price $650,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$530/wk
Weekly rent (unit)
$500/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$920,000
$650,000
51,096
Median age: 38
Rental data as of September 2025· rental-vic
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For investors
Investment overview.
Gross rental yield on houses sits at 3.00% (median rent $530/wk against a $920,000 price tag). Units yield 4.00% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: Land Victoria / DTP · May 20263.00%
Based on $920,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20264.00%
Based on $650,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
4,719
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
100
20
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Reservoir.
Local schools for Reservoir
View the catchment for each school to find out more.
Government School Catchment
Reservoir Primary School
Reservoir Views Primary School
Reservoir East Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Reservoir.
- What is the median house price in Reservoir?
- The median house price in Reservoir, VIC 3073 is $920,000. The median unit price is $650,000.
- 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 of Melbourne, in VIC 3073. It is part of the Greater Melbourne area, in the City of Darebin region.
- What is the average rent in Reservoir?
- The median weekly rent for houses is $530, 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.
- What is the population of Reservoir?
- The population of Reservoir is approximately 51,096 (2021 Census). The median age is 38.
For Sale
Reservoir
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Surrounding Suburbs
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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