Downsizing involves realistically assessing your current and future lifestyle needs to determine the appropriate amount of living space. It’s a common consideration for Melbourne homeowners as life stages change, and as of December 2025, we’re seeing more families and empty nesters exploring this option.
Currently in Melbourne, particularly in the Eastern Suburbs where Fletchers has a long history, buyers favour properties that suit their immediate needs. This means that while a large family home might have been ideal previously, a smaller, well-presented residence can be highly desirable. We’re observing that buyers in 2026 are prioritising low-maintenance living and functional spaces. During the appraisal process, we help sellers consider how rooms are *actually* used. For example, a formal dining room used only a few times a year might be less valuable than a well-designed outdoor entertaining area. Preparation costs for downsizing properties are similar to larger homes – styling typically ranges from $2,000 to $8,000, and professional photography is essential. The sales process itself, including marketing campaigns and inspections, generally follows a 4-6 week timeline. It’s important to realise that presentation is key; light-filled spaces and renovation potential are highly valued, even in smaller properties.
Ultimately, determining the ‘right’ amount of space when downsizing is about aligning your property with current market demands and your evolving lifestyle needs.