Reservoir 

Reservoir is a large suburb situated just 12 kilometres north of Melbourne’s CBD. But with its quiet atmosphere, clean and safe neighbourhood and numerous parks and nature strips- it certainly doesn't feel that way. This peaceful yet central suburb is home to over 50 000 people, and that number is only going up as people begin to recognise how much it has to offer. So why should you buy in Reservoir? Let’s find out.

5 Reasons Why People are Buying in Reservoir

Amenities

Even though downtown Melbourne is just down the road, Reservoir has as much to offer its locals as a small town within itself. There are multiple schools within its bounds from pre-k to year 12, as well as playgrounds, library and even a leisure centre- making it convenient and practical for the many young families in the area. For the adults- Reservoir contains multiple gyms, beauticians and health providers. Reservoir is also home to a vast selection of restaurants, cafes, health food stores, and pubs- so you don’t need to go into the city to eat out. All this within a 20 square kilometre radius means you won’t have to travel far to find what you’re looking for.

Community

The vast majority of households in Reservoir consist of couples with and without children- giving it a friendly, familial atmosphere. Home to a community centre, places of worship and sporting clubs- it’s easy to feel the community spirit within Reservoir. Locals say hello to each other in the street and make friends with their neighbours- Reservoir is more than just a suburb, it’s a community.

Atmosphere

The unique mix of old and new makes Reservoir the perfect place for many. With both modern townhouses and older homes, a mix of new businesses and more traditional shop fronts, and new residents settling into a long-held sense of community- you get the best of both worlds. The metropolitan feel spills over from the city, but not so much it diminishes the suburb's peaceful charm. More than just an amenity-filled suburb, Reservoir is surrounded in natural beauty- bordered by Merri and Darebin Creeks, and home to Edwardes Lake- a gorgeous water body nestled into a wonderful park perfect for barbecues, picnics, playing sports and relaxing.

Central location

Known as one of the last affordable northern Melbourne suburbs- Reservoir’s proximity to the city just further adds to its appeal. With multiple train stations within its limits- Reservoir is also easily accessible by tram and bus. For those who like to drive, there is easy access down main roads to the freeways- making it convenient for those who travel a lot within Melbourne and its outskirts.

Property value

Over recent years Reservoir has reported 8.3% property growth, and that is only going to continue to rise according to projections. While it remains one of the few suburbs this close to Melbourne CBD that is affordable to first home buyers and young families- this won’t always be the case. Now is the best time to capitalise on this slice of metropolitan heaven.

What’s next?

So, you’ve decided that Reservoir sounds perfect for you, and you want to make sure you make the most of this opportunity. Or maybe you’ve enjoyed Reservoir for many years and are looking to make a change- passing on your perfect spot for a new family. Perhaps you see everything Reservoir has to offer and want to buy a profitable investment property. Whatever you decide, don’t do it without organising a pre-sale or pre-purchase valuation with Valuerr. Valuerr are experts when it comes to all things valuing- whether you’re preparing to sell, buy, insure, probate, matrimonial hardship or for tax purposes. Valuerr is an independent valuation organisation. Valuerr’s only priority is you, and ensuring that you receive the most diligent  valuation and receive it within a timely manner. Book a valuation by clicking here Valuerr.au/schedule.html