RESERVOIR
With a housing landscape characterized by mid-market valuations, Reservoir presents a unique case study in local market dynamics. The suburb currently holds a median house price of $922k. Prices have remained largely stable with a 16% change, suggesting a balanced market where supply has largely kept pace with local demand.
Lifestyle Profile
The visual fabric of Reservoir is evolving rapidly. It is a mix of the old and the new, where original cottages sit alongside brand-new townhouse developments, signaling a shift in capital investment.
This is a pragmatic, hardworking community. The residents are a diverse blend of long-term locals and ambitious new entrants, creating an unpretentious and welcoming environment.
The local café culture is the 'canary in the coal mine' for this area. New espresso bars and dining spots are popping up, signaling the gentrification ripple effect that often precedes price growth.
The Demographic Profile
Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $56,073. With a price-to-income ratio significantly above the state average, ownership in Reservoir often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.
Education & Catchments
School catchment zones are a primary driver of long-term property demand. The area is serviced by facilities such as Newlands Primary School. For many buyers, the presence of local schooling creates a 'village' feel and ensures consistent demand from young families moving into the area.
Market Outlook
The market has shown resilience with 16.0% stable growth. This appeals to buyers seeking lower volatility.
Quick FAQ about Reservoir:
- Is Reservoir expensive? With a median price of $922k, it is considered a mid market market, often attracting buyers seeking balanced living standards.
- What are the schools like? The catchment for Newlands Primary School is a major driver of local demand.
Primary Schools
Newlands Primary School
Preston West Primary School
Preston Primary School
Reservoir Primary School
LocalReservoir West Primary School
LocalFawkner Primary School
Reservoir Views Primary School
LocalKingsbury Primary School
Moomba Park Primary School
Norris Bank Primary School
Secondary / High Schools
Explore Nearby Markets
Local Schools & Maps
Explore primary and secondary schools in the catchment area.
Primary Schools
Secondary Schools
DISCLAIMER: GENERAL INFORMATION ONLY.
The data presented on Aussie Housing, including school zones, "Education Efficiency" scores, and median prices, is for general information and research purposes only. While we aim for accuracy, school catchment boundaries are subject to change by state departments and should be verified directly with the individual school before making any purchasing decision.
NO PROFESSIONAL ADVICE: Aussie Housing is not a licensed real estate agent, valuer, or financial advisor. The "Education Efficiency" metric is a proprietary data point and does not constitute a valuation or a recommendation to buy. You should always conduct your own due diligence and consult with a conveyancer, solicitor, or financial planner before acquiring property.
DATA LIMITATIONS: Market data is aggregated from various public sources and may have latency. We do not guarantee the complete accuracy of historical sales data or current boundary lines.