Preston and Reservoir sit adjacent on the Mernda line and represent Melbourne’s best value inner-north corridor. Both suburbs offer genuine positive cash flow potential at affordable entry prices.
Median Price Comparison
| Metric | Preston | Reservoir |
|---|---|---|
| Median House Price | $1,050,000 | $920,000 |
| Median Unit Price | $520,000 | $480,000 |
| House Yield | 2.7% | 3.1% |
| Unit Yield | 4.0% | 4.4% |
| 5-Year Growth | 31% | 28% |
| GeeVee Score | 8.1/10 | 7.9/10 |
Which Suburb Wins for Yield?
Reservoir wins on yield across both houses and units. At 3.1% house yield and 4.4% unit yield, Reservoir is one of Melbourne’s strongest cash flow suburbs at sub-$1m entry.
Which Suburb Wins for Capital Growth?
Preston edges Reservoir on five-year capital growth (31% vs 28%) due to its proximity to Northcote and stronger gentrification pull from the south.
Frequently Asked Questions
Is Reservoir cheaper than Preston?
Yes. Reservoir’s median house price is $920,000 versus $1,050,000 for Preston — a $130,000 saving at entry with a higher yield.
Which suburb has more blocks of units for sale?
Reservoir has the highest concentration of blocks of units in Melbourne’s inner north, making it a strong option for investors seeking multi-dwelling assets.
Find off-market investment properties in Preston and Reservoir through the Collings Property Platform. Join free at collings.com.au/portal
Find your next property with Collings
Track suburbs, get matched to on-market and off-market listings, and manage your whole property search in one place. Access the Collings property portal.
