Reservoir

Reservoir, VIC 3073 is a bustling suburb with a population of 51,096 residents. The area has a diverse range of age groups, with a significant number of young adults and families. The median household income is relatively high. The commuting options are varied, with a notable percentage working from home. The suburb also offers good educational opportunities with an ICSEA percentile of 49.25. For property investors interested in houses, Reservoir presents an opportunity with a sizeable property count and a balanced market absorption rate. The suburb has shown steady growth in sale prices over the years. With a high room demand-supply ratio, there may be potential for rental investment strategies. For those looking at units, the market also shows promise with a decent market absorption rate and a notable rental yield. Renovators might find value in units given the sale price IQR ratio. Reservoir, VIC 3073 is a vibrant suburb with a diverse population and good educational facilities. It offers investment opportunities in both houses and units, with steady growth in property prices and a healthy rental market. The suburb's amenities, commuting options, and high proportion of residents working from home make it an attractive prospect for homeowners and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022