Reservoir is often recognised as one of Melbourne’s most accessible Inner North markets. According to Michael Tomadakis, experienced Collings agent and auctioneer, value is still to be found—especially for those willing to look beyond the obvious streets.

The Reservoir Value Equation

Michael identifies pockets in Reservoir—particularly those just outside the most in-demand zones—as areas where buyers can achieve relative affordability compared to Northcote, Thornbury, or Preston. Factors like proximity to transport, shops, parks and schools drive demand and uplift value.

What Makes Some Streets Stand Out?

“Buyers are drawn to the amenity—High Street access, cafes, shops—but there’s genuine opportunity if you’re open to slightly further-out locations with the right long-term fundamentals.” Michael explains that less celebrated locations may offer comparable block sizes, renovated homes, or even investment upside, without the same price tag as blue-chip northside postcodes.

Michael’s Realism: Still an Owner-Occupier Suburb

Reservoir’s value has improved as buyers become more price conscious. Michael’s advice? Prioritise move-in readiness, condition and location, but be willing to consider “overlooked” pockets and run your numbers—especially as the market shifts.

Looking for Guidance?

Michael Tomadakis is happy to help buyers and sellers evaluate what makes for strong value in Reservoir, and how to read current market signals. Contact Michael Tomadakis for honest property advice in Reservoir’s evolving property market.

Collings Real Estate
Phone: 03 9486 2000
Email: info@collings.com.au
230 Waterdale Road, Ivanhoe, VIC, 3079