The median house price in Reservoir in 2026 is $980,000. The median unit price is $490,000. Reservoir is Melbourne’s most affordable inner-north suburb within 10km of the CBD, offering genuine entry-level access to the corridor with 5.3% unit yields.
Why Reservoir Remains Affordable
Reservoir’s sub-$1M median reflects its position at the northern edge of the inner-north corridor, its higher proportion of post-war stock compared to neighbours, and its historically lower profile among prestige buyers. However, gentrification pressure from Preston and Coburg to the south is gradually compressing the discount.
The Yield Case for Reservoir
| Entry Price | Yield | Weekly Rent | Annual Income |
|---|---|---|---|
| $490,000 (unit) | 5.3% | $500 | $26,000 |
| $980,000 (house) | 4.1% | $770 | $40,040 |
GeeVee Analysis
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