Reservoir
The median rent for a 2-bedroom unit in Reservoir is $500 a week for leases that started in the year to September 2025, up 8.7% on a year earlier. That is 9% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $972,500 for a house and $690,000 for a unit. A year of rent for that home is about 3.9% of its median sale price (gross rental yield).
Median rent in Reservoir
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $400 | +2.6% | 139 |
| 2-bedroom unit | $500 | +8.7% | 646 |
| 3-bedroom unit | $620 | +10.7% | 223 |
| 2-bedroom house | $500 | +4.2% | 180 |
| 3-bedroom house | $560 | +1.8% | 369 |
| 4-bedroom house | $700 | +7.7% | 77 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $972,500 | Mar 2026 quarter |
| Unit | $690,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Berwick $500 a week
- Boronia $500 a week
- Brunswick West $500 a week
- Coburg North $500 a week
- Croydon $500 a week
- Eltham $500 a week