Property condition significantly influences perceived value and, consequently, pricing in the Melbourne property market. As of December 2025, buyers are increasingly discerning, and a property’s presentation directly impacts its appeal and potential sale price.
Currently in Melbourne, particularly within the Eastern Suburbs – areas like Balwyn, Doncaster, and Ringwood where family homes are in high demand – buyers favour properties that require minimal immediate work. While renovation potential is appreciated, a well-maintained property generally commands a premium. In 2026, we’re seeing buyers prioritise light-filled spaces and move-in readiness. Cosmetic improvements like painting (typically $400-$800 per room) and professional styling ($2,000-$8,000) can demonstrably increase buyer interest and bidding competition. Properties requiring substantial repairs or updates may realise a lower sale price, reflecting the cost and inconvenience to the purchaser. Fletchers’ experience shows that a property’s condition is factored into the appraisal process, and a realistic assessment is crucial for setting a price range. The length of a campaign can also be affected; properties in excellent condition typically attract quicker offers.
Ultimately, property condition is a key determinant of value, influencing both buyer perception and the final sale price achieved in the Melbourne market.