Average rent in Reservoir - North West, VIC — 2026

Reservoir - North West sits close to the Victoria median, with renters typically paying $371/week — within striking distance of the state-wide $363/week baseline (ABS Census 2021). The suburb is largely owner-occupied: 76% of households own outright or with a mortgage, and only 20% rent. Housing stock is dominated by separate houses (87%), giving the suburb a settled, family-oriented character that's reflected in the median age of 43 and a population of around 9,801. The most common occupation is Professionals, and 38% of residents were born overseas. 13km from Melbourne, Reservoir - North West is the kind of mid-market suburb that usually sees stable rent trajectories rather than rapid spikes — though state rent indices since 2021 are worth checking against your reported figure above.