Understanding the costs associated with selling a property in Melbourne is crucial for a smooth and financially sound transaction. As of December 2025, these costs extend beyond simply engaging a real estate agent and can significantly impact your net proceeds.
Currently in Melbourne, particularly within the Eastern Suburbs where Fletchers has a strong presence, sellers typically encounter several key expenses. Agent commission, generally ranging from 1.5% to 2.5% of the sale price, is a primary cost. Marketing campaigns, essential for reaching potential buyers in 2026, usually fall between $3,000 and $8,000, covering professional photography ($500-$1,500), digital advertising, and print materials. Property preparation is also significant; styling can range from $2,000 to $8,000, while painting (approximately $400-$800 per room) and minor repairs are common. Legal fees for conveyancing are around $1,500 – $3,000. In 2026, buyers in areas like Balwyn and Doncaster continue to favour well-presented homes, meaning investment in presentation is often worthwhile. Allow approximately 30-60 days for settlement, during which time you may incur ongoing ownership costs like council rates and mortgage interest. It’s important to realise that capital gains tax may also be applicable, depending on individual circumstances.
Accurately budgeting for these expenses, alongside a realistic understanding of the current market conditions, is vital when preparing to sell your Melbourne property.