A market appraisal is an agent’s estimated selling price based on recent sales and current market conditions, while a property valuation is a formal, independent assessment of a property’s worth, typically conducted by a licensed valuer.
As of December 2025, Melbourne sellers commonly receive several market appraisals from local agents – including Fletchers – before deciding to sell. These appraisals are free and provide a range of potential prices. They consider comparable sales in suburbs like Balwyn, Blackburn, and Doncaster, factoring in property features, presentation, and current buyer demand. A valuation, costing between $300-$700 currently in Melbourne, is a more detailed report used for legal or financial purposes, such as divorce settlements or obtaining finance. Valuations adhere to strict standards and provide a precise figure. In 2026, we anticipate continued demand for appraisals as sellers seek to capitalise on the moderate 3-6% growth forecast. The timing of an appraisal is crucial; a property’s market value can shift significantly even within weeks. Fletchers’ agents utilise our extensive sales data and ‘The Fletchers Way’ to provide informed appraisals, understanding that buyer priorities currently favour properties with light-filled spaces and renovation potential.
Essentially, a market appraisal helps you understand what your property might sell for, while a valuation provides a formal, independent assessment of its value.