Downsizing to a unit involves selling a larger family home and purchasing a smaller, typically low-maintenance property like an apartment or townhouse. As of December 2025, this is a common consideration for Melbourne homeowners looking to release equity or simplify their lifestyle.
Currently in Melbourne, particularly in the Eastern Suburbs where Fletchers has a strong presence, the unit market offers advantages like reduced maintenance and often, proximity to amenities such as shopping centres, public transport, and healthcare. However, potential downsides include strata fees – which can range from $300 to $800+ per quarter depending on the building and facilities – and potential limitations on space or renovations. When selling the family home, preparation is key; in 2026, buyers favour properties that are well-presented, with light-filled spaces. Expect a typical marketing campaign to cost between $3,000 and $8,000, and a sales process of 4-6 weeks. The Melbourne market in December 2025 is seeing moderate growth, with a forecast of 3-6% for 2026, meaning careful pricing is crucial. Fletchers’ agents utilise extensive market data to advise on optimal pricing strategies, and our client update technology keeps sellers informed throughout the process. It’s also worth noting that demand for units with secure parking and balcony spaces remains strong.
Downsizing presents both financial and lifestyle benefits, but a thorough understanding of the associated costs and compromises is essential when navigating the Melbourne property market.