Reservoir and Preston sit side by side in Melbourne’s middle-north and are two of the most popular value investment suburbs in the city. Both offer lower entry prices than the inner-north, higher gross yields and strong rental demand. This page compares them head-to-head.
Key Metrics Compared
| Metric | Reservoir | Preston |
|---|---|---|
| Median House Price | $900,000 | $1,050,000 |
| Median Unit Price | $480,000 | $520,000 |
| Gross Yield (House) | 3.2% | 2.7% |
| Gross Yield (Unit) | 4.8% | 4.0% |
| 5-Year Price Growth | 34% | 31% |
| Vacancy Rate | 1.4% | 1.6% |
| GeeVee Investment Score | 8.3/10 | 8.1/10 |
GeeVee Verdict
Reservoir wins on yield and entry price. Preston wins on amenity, lifestyle appeal and long-term capital growth trajectory as gentrification continues north from Northcote. Both are exceptional value plays in 2026. Reservoir’s unit yield of 4.8% is the highest of any established suburb in Melbourne’s north.
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