Reservoir is Melbourne's fastest-moving outer-inner suburb — a large, diverse community where Edwardes Lake's beautiful 28-hectare waterfront park, Mernda Line train access, and extraordinary affordability relative to its 18-minute CBD proximity are driving Melbourne's highest inner-ring capital growth rates. As Preston and Thornbury prices surge beyond $1M, Reservoir's sub-$800K houses and improving café strip are capturing the overflow of buyers seeking inner-north lifestyle at outer-north prices — a cycle that has consistently produced 8-9% annual growth. At the current $800k median house price, an 80% loan at 6.25% over 30 years is about $3,941 per month.
| Median house price | $800,000 |
|---|---|
| Median unit price | $560,000 |
| Estimated monthly repayment | $3,941 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 8.5% |
| Gross rental yield | 4.5% |
| Typical days on market | 12 |
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