Reservoir covers about 19 square kilometres of Darebin and is home to more than 50,000 people, which makes it one of the largest suburbs in Melbourne’s north. It has four stations on the Mernda line (Regent, Reservoir, Ruthven and Keon Park), tram route 11 on its western side, and the Merri and Darebin Creek trails at either edge. Most of the original housing is postwar weatherboard and brick on generous blocks, and a large share of those blocks have since been split into units and townhouses.
At a median house price of around $950,000 (REIV, March quarter 2026), with 77.8% of auctions clearing and houses taking about 43 days to sell, Reservoir draws first home buyers, upsizers from Preston and investors alike. A Reservoir buyers agent earns their keep by matching you to the pocket that suits your goal, because growth and yield vary a lot across the suburb.
Thirty minutes on your brief, your budget and the streets and property types that genuinely fit it. No obligation.
We inspect, shortlist and run the due diligence, including homes that sell quietly and never reach the portals.
We set the price strategy, negotiate or bid on your behalf, and manage the contract through to settlement.
The streets around Edwardes Lake and in the south near the Preston border behave very differently from the north near Keon Park and Ruthven. Price per square metre, buyer depth and resale speed all change, so compare like with like.
Townhouse supply is the next issue. Years of dual-occupancy development mean many near-identical two and three bedroom townhouses compete at resale. Units on their own title with a yard hold up better than those squeezed onto a rear block. For houses, original homes on wide blocks attract developers, so check the zoning before assuming you can outbid them. Transport has improved: the High Street level crossing was removed and Reservoir station rebuilt in 2019, Keon Parade followed in 2024, and a future Suburban Rail Loop station is planned for Reservoir.
The streets near Edwardes Lake and the leafy east toward the Northcote and Thornbury border.
Industrial edges and main-road frontages.
A renovated period home near the lake or the eastern border.
Treating Reservoir as one market. The east near Thornbury behaves very differently to the north.
Edwardes Lake park, the Broadway shops and growing cafe pockets.
Local government schools serve the area. Confirm zoning at findmyschool.vic.gov.au.
If Reservoir is out of reach: Preston or Lalor.
We take on a limited number of clients at a time, so every brief gets a director’s full attention. Book a free, no-obligation strategy call and we will map out your Reservoir search together.
Book a free strategy callWhat Reservoir lacks is a renovated period or postwar home on a quiet street within walking distance of a station, with a decent garden. Most homes are either original houses on large blocks, which attract builders, or townhouses created from those blocks, and the middle ground is thin. When a good family home in the Edwardes Lake area or near Reservoir station comes up, it attracts upsizers from Preston, Thornbury and Coburg as well as locals. Townhouse quality varies widely, so we look closely at build quality, layout and outdoor space, and we are wary of units squeezed onto narrow rear blocks. Campaigns for original homes can be short and intense when builders are active, while townhouse campaigns often run longer, leaving room for negotiation.
Many of our purchases never reach the open market.
Reservoir attracts very different buyers, and what suits an investor chasing yield rarely suits a family upsizing from Preston. We start by defining your goal, then Alana screens the pockets and the property: zoning and subdivision potential, the quality of any townhouse build, and owners corporation records where they apply. Sharyn’s network across Darebin often surfaces homes before they are listed, which matters when first home buyers and builders are chasing the same original house. Lou negotiates and bids with the experience of a former selling agent and auctioneer. Our fee is fixed, so we never benefit from you paying more.
Former selling agent and auctioneer. Negotiates and bids for you.
Runs due diligence: contracts, Section 32, overlays and building reports.
Finds the homes that sell quietly, before they reach the portals.
Talk to us before your next inspection or auction. You will come away with a clear view on price, competition and your best next step.
We act for owner occupiers buying a home to live in, as well as first home buyers, families upsizing, downsizers and property investors.
Some homes change hands before they are ever advertised, so we search off-market property as well as listings. If it goes to auction, we can bid for you. Not sure about the building? Start with a pre-purchase property report.
Moving from interstate or overseas? We run the search and inspections for buyers who are not in Melbourne. Buying for business or super? See our commercial property buyers advocate service.
Selling instead? Our vendor advocates help you pick the right agent and campaign.
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Independent property advice you can trust.
Whether you are buying a home or investment, we help you assess value, reduce risk and negotiate with confidence before you make a move.
Pre-market and off-market opportunities through established agent relationships.
Comparable sales, pricing analysis and negotiation strategy before you act.
Suburb and property guidance tailored to your goals, budget and timeframe.
Guidance from licensed estate agents with campaign and negotiation expertise.
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