2/14 Nicholson Avenue

Reservoir VIC 3073

The size of Reservoir is approximately 18.9 square kilometres. It has 45 parks covering nearly 8.8% of total area. The population of Reservoir in 2011 was 47,636 people. By 2016 the population was 50,455 showing a population growth of 5.9% in the area during that time. The predominant age group in Reservoir is 30-39 years. Households in Reservoir are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reservoir work in a professional occupation. In 2011, 62.5% of the homes in Reservoir were owner-occupied compared with 59.3% in 2016.

Reservoir has 28,688 properties. Over the last 5 years, Houses in Reservoir have seen a 14.11% increase in median value, while Units have seen a 13.77% increase. As at 30 November 2024:

• The median value for Houses in Reservoir is $901,846 while the median value for Units is $601,775.
• Houses have a median rent of $530 while Units have a median rent of $500.