Reservoir vs Thomastown
Thomastown (median $755,000) is roughly 18% cheaper to buy into than Reservoir ($920,000).
Buying in Reservoir or Thomastown?
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Reservoir and Thomastown side by side
| Measure | Reservoir | Thomastown |
|---|---|---|
| Price and market | ||
| Median house | $920,000 | $755,000 |
| Median unit | $650,000 | $560,000 |
| Renting | ||
| House rent | $560/wk | $510/wk |
| Unit rent | $500/wk | $450/wk |
| Owner occupied | – | 68.0% |
| Renter occupied | – | 29.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1046 | 995 |
| Lifestyle and people | ||
| Walk score | 100 | 40 |
| Transit score | 20 | 30 |
| Bike score | 100 | 100 |
| Population | – | 20,234 |
| Median age | – | 39 |
| Climate | ||
| Annual rainfall | 622 mm | 622 mm |
| Mean max, January | 27.0°C | 27.0°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Reservoir scores higher on walkability (100/100 vs 40/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Reservoir (1046) sits above Thomastown (995).
- For buyers
- Thomastown is the lower entry point at $755,000 median, 18% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Thomastown offers the higher gross rental yield (3.51% vs 3.17%), favouring cash-flow investors.
- For families
- Reservoir edges out on average school ICSEA (1046 vs 995).
Reservoir vs Thomastown: common questions
Is Reservoir or Thomastown cheaper to buy in?
Thomastown has the lower median house price at $755,000, roughly 18% below Reservoir ($920,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Reservoir or Thomastown have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Reservoir scores 1046 vs 995 in Thomastown. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Reservoir or Thomastown?
Reservoir scores 100/100 on walkability vs 40/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Reservoir or Thomastown?
Gross rental yield on houses is 3.51% in Thomastown vs 3.17% in Reservoir. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
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