Downsizing involves selling a larger property to purchase a smaller, more manageable one, often to release equity or simplify lifestyle. For many Melburnians, particularly as of December 2025, it’s a significant life decision linked to changing family needs or retirement plans.
In Melbourne’s Eastern Suburbs, where Fletchers has operated since 1919, we’re seeing a consistent trend of families downsizing from larger homes in areas like Balwyn and Doncaster as children leave home. The selling process typically involves a 4-6 week campaign, with preparation being key. Currently in Melbourne, presentation is paramount – buyers in 2026 favour light-filled spaces and renovation potential. Expect to allocate $2,000 – $8,000 for styling and $500 – $1,500 for professional photography. Property appraisals are crucial to accurately price your home; as of December 2025, the median dwelling value in Melbourne is $823,495, with moderate growth forecast for 2026. Fletchers’ agents utilise extensive local market data to advise on optimal strategies, including auction versus private sale, and leverage our multi-lingual capabilities to reach a wider buyer pool. Agent commission typically ranges from 1.5-2.5%.
Understanding the current market and preparing your property effectively are essential steps when considering downsizing in Victoria.