Reservoir Demographics: Population, Age & Income Profile (VIC)
Liveability Score
5.2/10Reservoir has a medium demographic profile typical of Victoria suburbs
Key Facts
- Median Age
- 38 years (state avg)
- Median Household Income
- $1,354/wk (state avg)
- Families with Children
- 29.9% of households
- Home Ownership
- 66.2% own — 30.2% rent
- Postcode
- 3073
- Highest high-risk exposure
- 8.6% of land (bushfire)
Demographics Analysis
Reservoir in Victoria reflects the broader demographic characteristics of the region. According to the Australian Bureau of Statistics (ABS) 2021 Census, the typical household in Victoria has a median weekly income of around $1,354, with a median age of 38 years.
The ABS reports that 29.9% of households in Victoria are couples with children, while 24.7% are couples without children. Lone person households account for 24.5% of households. This family composition data helps home buyers understand the neighbourhood character and amenity demand.
Home ownership rates in Victoria show that 66.2% of households own their home (with or without a mortgage), while 30.2% rent. These tenure patterns affect property turnover rates, rental demand, and neighbourhood stability — all important factors for home buyers evaluating Reservoir.
Climate risk is an increasingly important factor for property buyers evaluating suburbs like Reservoir. Different demographic groups face different climate exposure profiles — families may prioritise heat safety near schools, while retirees may be more concerned about insurance costs in flood-prone areas. Get an address-level climate risk report for your Reservoir property to understand how climate projections may affect your investment.
Reservoir (postcode 3073) is tracked in ClimateNest's suburb hazard model, which maps the share of the suburb's land exposed to each hazard at high and moderate levels. The suburb's highest high-risk exposures are bushfire (8.6% of land in high-risk zones), extreme wind (5.8% of land in high-risk zones), surface flood (4.9% of land in high-risk zones). Exposure is not uniform across Reservoir — individual properties can sit well above or below these averages, so an address-level check is recommended before buying, selling or insuring.
Adaptation & Mitigation Actions
Improve drainage infrastructure
Near-termUpgrade and expand drainage systems to cope with increased rainfall intensity and reduce the risk of flooding.
Est. cost: High
Implement heatwave early warning systems
ImmediateDevelop and implement heatwave early warning systems to alert vulnerable populations and provide guidance on how to stay safe.
Est. cost: Low
Increase green space and tree canopy
Near-termPlant more trees and create more green spaces to reduce the urban heat island effect and provide shade and cooling.
Est. cost: Medium
Promote community awareness and preparedness
Long-termEducate residents about the risks of climate change and how to prepare for extreme weather events, such as floods and heatwaves.
Est. cost: Low
Council & Emergency Services
Explore Reservoir Risk Reports
View other climate risk assessments for Reservoir:
Frequently Asked Questions
What is the population of Reservoir?
Population data for Reservoir comes from the ABS 2021 Census, the most recent national census. For the most current suburb-level population data, refer to ABS QuickStats or consult the Victoria state government's population projections. Understanding population trends helps home buyers assess housing demand, infrastructure investment, and neighbourhood character.
What is the median age in Reservoir?
The median age for Victoria is 38 years according to the 2021 ABS Census, which serves as a reference point for Reservoir. A younger median age often indicates more families and first home buyers, while older demographics suggest established households and potentially lower turnover. Both have implications for property demand and investment strategy.
What is the average household income in Reservoir?
The median weekly household income in Victoria is $1,354 per week (ABS 2021 Census). Household income affects serviceability for mortgage lending, rental affordability, and the type of housing stock in demand within a suburb. Higher-income areas typically support stronger property values and faster capital growth. Combine demographic research with a climate risk report from ClimateNest for a complete property assessment.
What type of people live in Reservoir?
The demographic profile of Reservoir is broadly shaped by its location within Victoria. According to the ABS Census, 29.9% of households in the state are couples with children, while 24.7% are couples without children. The overall population of Victoria has a median age of 38 — use this as context when assessing the demographic character of Reservoir.
What share of Reservoir is exposed to high bushfire risk?
ClimateNest's hazard overlay maps 8.6% of Reservoir in high-risk zones for bushfire, with a further 80.7% in moderate-risk zones. Suburb-level exposure is not uniform — individual properties can differ from these averages, so an address-level check is recommended.
Is Reservoir Safe from Climate Risk?
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