Downsizing involves more than just selling a larger home for a smaller one; it’s a financial transition that requires careful consideration to ensure your lifestyle remains comfortable. As of December 2025, many Melbourne homeowners are exploring this option, particularly in the Eastern Suburbs, to unlock equity.
Currently in Melbourne, the process begins with a comprehensive property appraisal – Fletchers provides these to accurately assess your home’s market value. Realise that selling costs, beyond agent commission (typically 1.5-2.5%), include marketing (around $3,000-$8,000 for a full campaign) and property preparation. Styling can range from $2,000 to $8,000, while professional photography costs $500-$1,500. In 2026, buyers in areas like Balwyn and Doncaster strongly favour well-presented, light-filled homes, meaning investment in presentation is often worthwhile. After sale, settlement typically takes 30-60 days. The key is to accurately calculate net proceeds – sale price minus all expenses – and compare this to your anticipated ongoing living costs. Consider potential capital gains tax implications too. Fletchers’ client update technology keeps you informed throughout the campaign, allowing for informed decisions.
Careful financial planning, factoring in all selling costs and potential tax liabilities, is essential to confidently determine if downsizing will support your desired lifestyle in 2026 and beyond.