121 Keon Parade

Reservoir VIC 3073

The size of Reservoir is approximately 18.9 square kilometres. It has 45 parks covering nearly 8.8% of total area. The population of Reservoir in 2016 was 50474 people. By 2021 the population was 51096 showing a population growth of 1.2% in the area during that time. The predominant age group in Reservoir is 30-39 years. Households in Reservoir are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reservoir work in a professional occupation.In 2021, 59.90% of the homes in Reservoir were owner-occupied compared with 59.30% in 2016.

Reservoir has 28,942 properties. Over the last 5 years, Houses in Reservoir have seen a 25.20% increase in median value, while Units have seen a 15.10% increase. As at 31 October 2025:

• The median value for Houses in Reservoir is $978,475 while the median value for Units is $639,872.
• Houses have a median rent of $550 while Units have a median rent of $503.