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Updated March 2026

Reservoir: $886K Median, 626 Microburbs, $215K-to-$2.6M Range

30,323 addresses across 626 microburbs. Mixed housing (15,145 houses, 15,006 units). Block-level price data from $215K to $2.6M.

Median House
$886K
Melbourne
Median Unit
$569K
Median Rent
$598/wk
Addresses
30,323
Mixed housing
Microburbs
626
Block-level data

What Does Your Budget Buy in Reservoir?

The $886K median tells you very little. Here is what each price band looks like, based on block-level data across 529 microburbs with price data.

$215K - $780K
Entry level. Older stock, smaller lots, properties needing work.
$780K - $886K
Mid-range. Updated homes on standard lots. Solid family options.
$886K - $1.0M
Upper range. Renovated or larger homes in sought-after pockets.
$1.0M - $2.6M
Premium. Top-tier homes, best positions, fully renovated or new builds.
Layer:
626 microburbs mapped. Houses: $215K to $2.6M. Full Reservoir report
Get the full Reservoir report from $49

What Makes Reservoir Different

What agents are selling

Based on 200 listing descriptions analysed by Microburbs.

The numbers

Reservoir Has 4 Distinct Price Tiers

Prices vary by over $2.3M depending on which block you buy. The suburb splits into clear micro-markets.

Entry Level (Aberdeen, Acheron, Albert, Alcock)

  • Median $717K, range $215K to $780K
  • 132 microburbs in this price band
  • Older stock, smaller lots, or properties needing work
  • Best value entry point to the suburb

Core Family (Aberdeen, Acheron, Albert, Alcock)

  • Median $835K, range $780K to $885K
  • 132 microburbs in this price band
  • Updated homes on standard lots
  • Highest sales volume sits in this band

Upper Range (Acheron, Adam, Albert, Alexandra)

  • Median $953K, range $886K to $1.0M
  • 132 microburbs in this price band
  • Renovated or larger homes in sought-after streets

Premium (Academy, Acheron, Alamo, Albert)

  • Median $1.2M, range $1.0M to $2.6M
  • 133 microburbs in this price band
  • Top-tier positions, fully renovated or new builds
  • Tightly held. Rarely come to market

Street-Level Median Prices

Median house price by street, top 8 streets by sales volume.

StreetMedianTotal Sales% RentersTurnover
Cheddar Road$430K4157%13.6 yrs
Purinuan Road$409K3241%9.9 yrs
St Vigeons Road$473K3163%3.8 yrs
Barton Street$382K3160%5.7 yrs
Barry Street$365K3036%14.8 yrs
Crookston Road$465K2872%5.8 yrs
Elsey Road$405K2424%7.6 yrs
Leamington Street$395K2447%10.6 yrs

More streets available in the full Reservoir report.

Street Price Trends . See historical price trends for every street in the full Reservoir report.
Get Street Data

Confirmed Sales (to March 2026)

AddressSale PriceAVM Valuevs AVMBed/Bath/GarLandDate
24 Crookston Road$236,000$930,000-75%2/1/3885sqm2023-06
Unit 3, 27 Whitelaw Street$218,000$480,000-55%2/1/2--2023-06
Unit 9, 74 Tyler Street$740,000--4/--/----2023-06
49 Steane Street$380,000$750,000-49%2/1/1--2023-06
Unit 1, 27 Hickford Street$260,000$325,000-20%1/1/1--2023-06
Unit 1, 39 Boldrewood Parade$660,000$645,000~match2/1/1223sqm2023-06

Blurred valuations are in the full report. More sales in the full Reservoir report.

Currently For Sale

AddressGuideAVM ValueBed/BathType
Unit 2, 39 Purinuan Road$535,000$535K2/1Townhouse
Unit 5, 93 Arundel Avenue$730,000$670K3/2Apartment
Unit 1, 7 Rona Street$486,000$540K2/1Apartment
8 Wild Street$665,000$1.1M2/1House
2 Judges Court$495,000$765K3/1House

5 properties listed. Blurred valuations are in the full report. See all Reservoir listings.

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Rental Market

Rent data across 522 microburbs with rental listings.

$133/wk
Lowest Rent
$598/wk
Median Rent
$1,439/wk
Highest Rent

Rent varies from $133/wk to $1,439/wk across different blocks. Gross yield is approximately 3.5%. See rental yield by block in the full report.

What Homes Look Like in Reservoir

Based on 281 listing descriptions analysed. Shows how often each feature appears.

Outdoor Entertaining
51%
Natural Light
43%
Ensuite
19%
Large Kitchen
18%
Good Aspect
16%
Views
8%
Level Access
6%
Pool
3%
Renovation Profile

Based on 224 listings: Fully renovated (38%), Partially renovated (37%), Needs renovation (24%), New (0%).

Feature data from listing descriptions. Individual property features in the full Reservoir report.

Market Summary

MetricReservoir
Total addresses30,323
Freestanding houses15,145
Units15,006
Median house$886K
Median unit$569K
Median rent (house)$598/wk
Microburbs mapped626

Price Range

MetricReservoir
Cheapest block median$215K
Most expensive block$2.6M
SUAMelbourne
StateVictoria
Gross yield (approx)3.5%

Reservoir vs Neighbours

SuburbSUAMedian HouseAddresses
ReservoirMelbourne$886K30,323
PrestonMelbourne$971K14,23510% more
ThomastownMelbourne$755K3,97515% less
KingsburyMelbourne$783K1,42912% less
Coburg NorthMelbourne$992K1,29112% more
Heidelberg WestMelbourne$680K78523% less
CoburgMelbourne$1.1M18826% more

Common Questions About Reservoir Real Estate

Is Reservoir a good suburb?
Reservoir has median house price of $886K, gross rental yield of 3.5%, walkable cafe and dining culture, train access. Prices range from $215K to $2.6M depending on which block you buy. The full Reservoir report maps every block individually.
Is Reservoir expensive?
The median house price in Reservoir is $886K. More expensive than Thomastown ($755K). Cheaper than Preston ($971K). Entry-level blocks start around $215K.
What is Reservoir like to live in?
Based on 200 listing descriptions, Reservoir is known for heritage and period homes (24% of listings); a strong cafe and dining scene (78% of listings); green and leafy with good park access; family-oriented with schools nearby. Mixed housing (15,145 houses, 15,006 units). See the block-level breakdown in the full report.
What are the best streets in Reservoir?
The most active streets by sales volume are Cheddar Road (41 sales, median $430K), Purinuan Road (32 sales, median $409K), and St Vigeons Road (31 sales, median $473K). Street-level data for all streets in the full report.
Is Reservoir a good investment?
Median rent $598/wk. gross yield 3.5%. 34% of listings explicitly target investors. The full Reservoir report includes: block-level yield mapping, vacancy rates per street, supply pressure scores, days on market by block, rental demand indicators, and AVM valuations for every property. Our backtested suburb forecasting model covers Reservoir with 15-year historical validation and forward estimates. See how individual blocks within Reservoir compare on yield vs growth.

Explore More About Reservoir

Every topic below has its own block-level analysis for Reservoir.