Average rent in Reservoir - South West, VIC — 2026

Reservoir - South West runs roughly with the Victoria state median — renters typically pay $361/week, close to the $363/week state baseline (ABS Census 2021). Most households here own (57% are owners or paying off a mortgage) and only 40% rent. Separate houses dominate the housing stock (57%), which gives the suburb a quieter, family-leaning feel — borne out by a median age of 37 and a population around 14,090. The most common occupation is Professionals, and 32% of residents were born overseas. Reservoir - South West is 11km from Melbourne, and rent trajectories here tend to track the state average rather than running ahead of it — but state rent indices have moved since 2021, so double-check against the live figure above.