Suburbs around Reservoir embracing modern rebuilds

Reservoir sits at the heart of Melbourne’s North, surrounded by established suburbs where families are upgrading their homes rather than relocating. From leafy Preston to riverside Fairfield, these nearby areas are experiencing strong demand for knockdown rebuilds that strike a balance between heritage charm and contemporary design, as well as sustainable living.

Preston

Just south of Reservoir, Preston continues to attract families and professionals who value space and lifestyle. With a population of over 33,000 and a median rent near $620 per week, rebuilds are common across its broad streets. Carlisle Homes helps homeowners transform older weatherboard houses into modern, energy-efficient homes designed to meet today’s family needs.

Coburg

Home to around 28,000 residents, Coburg is a suburb in renewal, with older properties making way for sleek, architecturally inspired homes. Its proximity to transport, cafés, and schools makes it a perfect setting for a knockdown rebuild. Carlisle Homes helps residents modernise their spaces while preserving the suburb’s distinct inner-north character.

Fawkner

Fawkner’s affordability and large block sizes are driving a surge in rebuild projects. With a median house price below $900,000 and strong family appeal, the area offers excellent value for those seeking a fresh start. Rebuilding in Fawkner allows homeowners to stay connected to schools, parks, and community facilities while upgrading to a modern design that suits their lifestyle.

Bundoora

With a population exceeding 28,000, Bundoora is renowned for its educational precincts and lush green open spaces. Rebuilding here enables families to create homes near La Trobe University and major shopping hubs. Carlisle Homes designs energy-efficient homes for families looking to elevate their standard of living while maximising block potential.

Thomastown

Located just north of Reservoir, Thomastown combines strong community roots with affordable housing and transport links. With a median rent of $520 per week, homeowners are choosing knockdown rebuilds as an alternative to buying new. It’s an area where space, value, and family living meet, ideal for Carlisle’s tailored home designs.  

Heidelberg West

Heidelberg West is transforming rapidly as part of Darebin’s urban renewal zone. Its mix of post-war housing and new developments provides an opportunity for modern rebuilds on large blocks. Homeowners looking for accessibility and growth are partnering with Carlisle Homes to design high-quality, sustainable residences close to the city.

Lalor

With over 23,000 residents, Lalor offers an excellent mix of affordability and accessibility. Larger allotments and proximity to transport make it a favourite for rebuild projects. Carlisle Homes guides homeowners through every step, from demolition and site preparation to the final handover of a beautifully designed, energy-efficient home.

Kingsbury

Small, green, and community-focused, Kingsbury’s proximity to La Trobe University makes it a hidden gem for young families and investors. Knockdown rebuilds here often replace ageing properties with stylish, low-maintenance homes that enhance both comfort and value, all supported by Carlisle’s end-to-end building expertise.

Fairfield

Located just a short drive from Reservoir, Fairfield blends village charm with urban convenience. Its median rent of $700 per week, and scenic Yarra River trails, attract families seeking a lifestyle and longevity. Carlisle Homes’ rebuild services help homeowners modernise classic homes with designs that complement Fairfield’s leafy streets.

Northcote

Northcote’s creative community and high property values make it one of Melbourne’s most sought-after suburbs for rebuilds. With excellent schools and cafés nearby, residents are replacing older structures with contemporary homes that balance sustainability, space, and architectural style.

Visit our display homes in Botanical, Mickleham, just 25 minutes from Reservoir, to explore our award-winning home designs and discover the possibilities of rebuilding close to where you already belong.