Reservoir and Fawkner are two of Melbourne’s most affordable inner-north suburbs and two of the strongest yield plays available under $900,000. GeeVee compares both for 2026 investors and first home buyers.
At a Glance: Reservoir vs Fawkner 2026
| Metric | Reservoir | Fawkner |
|---|---|---|
| Median House Price | $870,000 | $820,000 |
| Median Unit Price | $480,000 | $450,000 |
| Gross Unit Yield | 4.4% | 4.7% |
| 5-Year Growth | 26% | 24% |
| GeeVee Score | 7.6/10 | 7.3/10 |
The Under-$900k Melbourne North Investment Case
Both Reservoir and Fawkner represent entry-level investment opportunities in Melbourne’s north that deliver genuine positive cash flow scenarios at 80% LVR with current interest rates. Reservoir scores higher on GeeVee (7.6 vs 7.3) due to its stronger 5-year growth trajectory (26% vs 24%) and slightly better transport links (multiple tram routes plus Mernda train line). Fawkner’s lower entry price and slightly higher yield make it the more accessible first investment.
Frequently Asked Questions
Is Reservoir or Fawkner a better investment?
Reservoir scores higher on GeeVee (7.6 vs 7.3) and has stronger 5-year capital growth (26% vs 24%). Fawkner offers a $50,000 lower entry price and slightly higher gross yield (4.7% vs 4.4%). Both are strong value plays in Melbourne’s north.
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