Reservoir is a vibrant suburb located in the northern part of Melbourne, Victoria. Known for its family-friendly environment, cultural diversity, and well-established amenities, Reservoir offers a mix of urban convenience and suburban charm. This article explores the best residential areas within Reservoir, highlighting their unique characteristics, housing options, average prices, and what makes them appealing to potential residents.
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Reservoir Central
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Reservoir Central serves as the heartbeat of the suburb, featuring the main shopping precinct with a variety of shops, cafés, and restaurants. Its accessibility to public transport and community facilities makes it an ideal location for families and professionals alike.
Characteristics of the Reservoir Central
* Culture: A vibrant blend of cultures reflecting in local shops and eateries.
* Transportation: Excellent transport links with buses and trains connecting to the CBD.
* Services: Shopping centres, schools, parks, and healthcare facilities.
* Environment: Lively and community-focused with a strong suburban feel.
Housing Options in the Reservoir Central
Houses, Townhouses, Units
Average Home Prices in the Reservoir Central
* Buying: $650,000 – $850,000
* Renting: $1,600 – $2,200/month
East Reservoir
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East Reservoir is a quieter area known for its spacious homes and proximity to parks, making it perfect for families and outdoor enthusiasts. This residential area has a friendly atmosphere and offers easy access to local amenities.
Characteristics of the East Reservoir
* Culture: Community-oriented with a focus on outdoor activities.
* Transportation: Well-serviced by public transport with several bus routes.
* Services: Schools, parks, local shops, and cafes nearby.
* Environment: Peaceful and family-friendly with a relaxed vibe.
Housing Options in the East Reservoir
Single-family homes, Duplexes
Average Home Prices in the East Reservoir
* Buying: $700,000 – $900,000
* Renting: $1,500 – $2,000/month
West Reservoir
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West Reservoir is known for its spacious properties and close proximity to the scenic Edwardes Lake Park. The area also has a good selection of schools and community facilities, promoting a balanced lifestyle for its residents.
Characteristics of the West Reservoir
* Culture: Warm community spirit with events in local parks.
* Transportation: Easy access to public transport options.
* Services: Nearby schools, convenience stores, and recreational areas.
* Environment: Tranquil and family-friendly, surrounded by nature.
Housing Options in the West Reservoir
Houses, Larger family homes
Average Home Prices in the West Reservoir
* Buying: $750,000 – $950,000
* Renting: $1,700 – $2,300/month
Reservoir South
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Reservoir South provides a mix of well-established homes and modern developments. This area stands out for its accessibility to major roads and the local lake, making it desirable for both families and professionals.
Characteristics of the Reservoir South
* Culture: Diverse community with a variety of shops and eateries.
* Transportation: Close to main roads and public transport options.
* Services: Local shopping precincts, schools, and medical facilities.
* Environment: Lively yet laid-back, perfect for young families.
Housing Options in the Reservoir South
Townhouses, Single-family homes
Average Home Prices in the Reservoir South
* Buying: $680,000 – $880,000
* Renting: $1,600 – $2,100/month
Reservoir North
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Reservoir North features a variety of housing styles, including new builds and classic homes. Its proximity to public transport and schools makes it an excellent choice for families looking for convenience.
Characteristics of the Reservoir North
* Culture: Strong community with regular neighbourhood events.
* Transportation: Access to multiple public transport options and main roads.
* Services: Local shops, schools, and parks in close vicinity.
* Environment: A friendly and inviting suburb for families.
Housing Options in the Reservoir North
Houses, Apartments, Units
Average Home Prices in the Reservoir North
* Buying: $600,000 – $800,000
* Renting: $1,500 – $2,000/month
Bundoora Border
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Located on the border of Bundoora, this area offers expansive green spaces and proximity to La Trobe University. It is ideal for students and professionals alike, featuring modern housing options and easy access to amenities.
Characteristics of the Bundoora Border
* Culture: Student-friendly community with educational institutions nearby.
* Transportation: Good public transport options to Bundoora and beyond.
* Services: Proximity to universities and modern shopping facilities.
* Environment: Dynamic and youthful, with plenty of green spaces.
Housing Options in the Bundoora Border
Modern units, Townhouses, Family homes
Average Home Prices in the Bundoora Border
* Buying: $700,000 – $900,000
* Renting: $1,600 – $2,200/month
Frequently Asked Questions About the Best Residential Areas in Reservoir:
The best residential areas in Reservoir include Reservoir Central, East Reservoir, West Reservoir, Reservoir South, Reservoir North, and Bundoora Border.
East Reservoir and West Reservoir are both known for their spacious homes and family-oriented amenities.
Reservoir Central and Reservoir South offer the best public transport connections, making commuting very convenient.
Residential options vary widely and include single-family homes, townhouses, units, and larger family homes.
Reservoir North and West Reservoir often have the highest median property prices due to their popularity and amenities.
Yes, Reservoir is home to several reputable schools, particularly around the East Reservoir and West Reservoir areas.
Average rental prices range from $1,500 to $2,300 per month, depending on the area and type of property.
Yes, Reservoir has several parks, including Edwardes Lake Park, which provide ample outdoor recreational opportunities.
Reservoir has a diverse population, including families, students, and young professionals, contributing to a vibrant community atmosphere.
Yes, Reservoir offers a range of affordable housing options and good access to amenities, making it appealing for first-home buyers.
Conclusion on the Best Residential Areas in Reservoir:
Reservoir, Victoria, provides a diverse range of residential areas suited to families, professionals, and students alike. Each suburb offers its unique blend of culture, amenities, and lifestyle options. Whether you're drawn to the community spirit of East Reservoir, the urban convenience of Reservoir Central, or the tranquil nature of West Reservoir, you'll find a great place to call home. With a variety of housing options available and reasonable prices, Reservoir stands out as a highly desirable suburb in Melbourne's northern landscape. Potential buyers and renters should consider their lifestyle preferences and needs when choosing the perfect area, as Reservoir certainly caters to various tastes and requirements.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.