Retirement villages in Victoria offer a range of accommodation and lifestyle options for seniors, typically involving a financial contribution for accommodation and ongoing service fees. As of December 2025, they are becoming an increasingly considered option for downsizers, particularly those seeking community and reduced home maintenance.
From a property selling perspective, entering a retirement village often necessitates selling an existing family home. Currently in Melbourne, and particularly within the Eastern Suburbs – areas like Balwyn, Doncaster, and Ringwood where we see many established homeowners – the process is similar to any other property sale. Sellers should prepare for typical costs such as styling (ranging from $2,000 to $8,000), professional photography ($500-$1,500), and potentially painting ($400-$800 per room). In 2026, buyers continue to favour well-presented properties with good light and renovation potential. The timing of the sale is also important; while spring remains the strongest selling season, a well-prepared property can attract strong interest year-round. Fletchers’ experience shows that a clear understanding of the market and a tailored marketing campaign (typically costing $3,000-$8,000) are crucial for achieving a favourable outcome. It’s also important to note that settlement periods generally fall between 30-60 days.
Ultimately, the suitability of a retirement village is a personal decision, but understanding the property selling process involved is a key component of that consideration.