Settlement day in Victoria marks the final transfer of property ownership, and as the seller, you’ll be responsible for covering certain costs associated with finalising the sale. These are typically deducted from the sale price and paid to your solicitor or conveyancer, who then distributes the funds. As of December 2025, common settlement costs for […]
Capital Gains Tax (CGT) may be applicable when you sell your Melbourne property in 2026, but it’s not always the case. CGT is a tax on the profit you make from the sale of an asset, and whether you pay it depends on several factors, including how long you’ve owned the property and if it’s
Calculating the cost of selling a home in Melbourne involves several components, beyond simply paying an agent’s commission. As of December 2025, these costs cover preparing your property for market, the marketing campaign itself, and the fees associated with the sales process. Currently in Melbourne, agent commission typically ranges from 1.5% to 2.5% of the
Retaining property records after a sale in Victoria is crucial for tax and legal purposes. As of December 2025, the Australian Taxation Office (ATO) generally requires you to keep records for five years from the date you lodge your tax return for the year of sale. Currently in Melbourne, the selling process generates a significant
After selling a property in Victoria, your primary liabilities relate to disclosure and warranties provided to the buyer. As of December 2025, sellers are legally obligated to disclose any known material facts about the property that could affect its value or enjoyment. Currently in Melbourne, the standard contract of sale includes several warranties regarding the
Receiving feedback during a property campaign is a standard part of the sales process, providing valuable insights into how potential buyers perceive your home. As of December 2025, managing this feedback effectively, through your agent, is crucial for optimising your campaign and achieving the best possible result. Currently in Melbourne, particularly within the Eastern Suburbs,
Open inspections are a crucial part of a Melbourne property sale, allowing potential buyers to view the home and assess its suitability. As of December 2025, strategically timing these inspections can significantly impact the level of interest generated and ultimately, the sale price. Currently in Melbourne, particularly within the Eastern Suburbs where Fletchers has a
A private sale campaign in Melbourne involves marketing a property for sale with a fixed price, rather than through auction. As of December 2025, the total time from initial marketing to a successful sale typically ranges between six to ten weeks, though this can vary. Currently in Melbourne, the process generally unfolds in stages. Initial
Yes, it is possible to change from an auction campaign to a private sale strategy in Victoria, although it’s a decision best made in consultation with your agent. As of December 2025, this typically involves formally advising your agent of your decision and updating the marketing materials accordingly. Currently in Melbourne, particularly within the Eastern
An Expression of Interest (EOI) campaign is a sales method where potential buyers submit their offers privately to the real estate agent, rather than bidding publicly at auction. As of December 2025, it’s a common alternative to auction, particularly when a property has broad appeal or the vendor prefers a more controlled sales process. Currently
