Downsizing to an apartment or villa is a common consideration for Melbourne homeowners, particularly as lifestyles evolve. The choice often comes down to lifestyle preferences and financial goals, and understanding the nuances of each property type is key.
As of December 2025, the Melbourne property market, particularly in the Eastern Suburbs where Fletchers has a strong presence, sees both apartments and villas appealing to downsizers. Villas, often offering a small garden and independent living, typically attract a premium compared to similarly sized apartments. Currently in Melbourne, apartment living favours convenience and access to amenities – a key drawcard for those seeking a low-maintenance lifestyle. The selling process for both property types follows a similar pattern: a 4-6 week campaign is typical, with marketing costs ranging from $3,000 to $8,000. However, buyer priorities differ. While presentation, light and renovation potential are universally important, villa buyers often favour privacy and outdoor space, while apartment buyers prioritise security and building facilities. In 2026, we anticipate continued demand for both, with median dwelling values around $823,495 and moderate growth expected. Realising the potential sale price of your current home is the first step in determining affordability for either option.
Ultimately, the ‘right’ choice depends on individual needs and financial circumstances, and a thorough understanding of the current market conditions is essential.