Downsizing involves selling a larger property to move to a smaller, more manageable home, often reflecting a change in lifestyle. As of December 2025, many Melbourne homeowners are considering this option, particularly in the Eastern Suburbs, as they approach retirement or seek a lower-maintenance lifestyle.
Currently in Melbourne, a downsizing sale typically follows a standard property selling process. Sellers engage an agent – like Fletchers, with over 105 years of local experience – for a property appraisal, which considers comparable sales and current market conditions. In 2026, the Eastern Suburbs market continues to favour well-presented properties near quality schools and transport. Preparation is key; typical costs for styling range from $2,000 to $8,000, while professional photography averages $500 to $1,500. A marketing campaign, costing between $3,000 and $8,000, will then be launched, usually spanning 4-6 weeks, with open inspections attracting potential buyers. Buyers in 2026 prioritise light-filled spaces and renovation potential. Agent commission generally falls between 1.5% and 2.5% of the sale price. The settlement period is typically 30-60 days.
Organising a downsizing sale in Melbourne requires careful planning and understanding of the current market dynamics to achieve a favourable outcome.