Deciding between a house and an apartment in Melbourne is a significant consideration, influenced by lifestyle, budget, and long-term goals. As of December 2025, both property types present unique opportunities, and the ‘right’ choice depends on individual circumstances.
Currently in Melbourne, particularly within the Eastern Suburbs – Fletchers’ core area – we’re observing strong demand for both houses and apartments. Houses, especially those near quality schools, parks, and train stations in suburbs like Balwyn and Doncaster, typically attract families and command a premium. In 2026, presentation is key; buyers favour properties with light-filled spaces and renovation potential. Sellers preparing a house for market as of December 2025 can expect to invest between $2,000 – $8,000 in styling and $500 – $1,500 in professional photography. Apartments, conversely, often appeal to first-home buyers, downsizers, and investors. The typical sales process, managed by agents like Fletchers, involves a 4-6 week campaign, followed by a 2-4 week inspection period, and a 30-60 day settlement. Agent commission generally falls between 1.5-2.5% of the sale price. Marketing campaigns, crucial for reaching the right buyers, typically cost between $3,000 and $8,000. A moderate dwelling value growth of 3-6% is forecast for 2026.
Ultimately, the choice between a house and an apartment in Melbourne in 2026 is a personal one, shaped by individual needs and financial considerations, and informed by current market dynamics.