Project vision
This project is to build 2 x 4-bedroom home in Melbourne’s Reservoir suburb. Completion of the project is set to be 12 months from settlement.
Reservoir, located in Melbourne’s northern suburbs, offers a diverse and evolving real estate market. As of April 2025, the median house price is approximately $890,000, with units averaging around $620,000. The suburb has experienced modest annual growth, with houses appreciating by about 2% and units by 1% over the past year. Reservoir’s appeal lies in its blend of traditional homes and modern developments, attracting a mix of families, professionals, and investors seeking proximity to the CBD and access to public transport and amenities.
The rental market in Reservoir remains robust, with median weekly rents at $555 for houses and $500 for units, reflecting annual increases of 11% and 9%, respectively. Rental yields are competitive, averaging 3.2% for houses and 4.3% for units. The suburb’s strong rental demand is driven by its strategic location, diverse housing options, and community amenities, making it an attractive option for both tenants and investors.
Project developer
Brayden Schmidt is a seasoned real estate professional and director at Schmidt Group in Melbourne, with over a decade of experience spanning property management, sales, and auctioneering. Beginning his career as a junior property manager, he advanced through roles including senior property manager and business development manager, eventually transitioning into sales and becoming a partner and licensed auctioneer. Schmidt is recognized for his comprehensive understanding of the property market and his commitment to delivering exceptional client service across residential sales and leasing.
This project is launching soon, register now to ensure you’re ready to invest in this project.
*Target returns, not forecast returns or guaranteed returns. Terms, conditions, and risks apply.