Determining property value is a complex process, and as of December 2025, several key factors are influencing prices across Melbourne. Understanding these elements provides sellers with a realistic outlook when preparing their property for the market.
Currently in Melbourne, and particularly within the Eastern Suburbs – Fletchers’ core area – buyer priorities significantly impact value. Presentation is paramount; buyers in 2026 favour properties that are well-maintained and visually appealing, with light-filled spaces being a major drawcard. Location remains critical, with proximity to quality schools, parks, and transport links like train stations continuing to command premiums. Renovation potential is also highly valued, though extensive renovations aren’t always necessary. The typical sales process in 2026 involves a 4-6 week marketing campaign, followed by a 2-4 week inspection period, and a 30-60 day settlement timeframe. As of December 2025, median dwelling values are around $823,495, with moderate growth of 3-6% forecast for 2026. Sellers should also be aware that marketing costs typically range from $3,000 to $8,000, and agent commission generally falls between 1.5-2.5%.
Ultimately, a property’s value in 2026 is a combination of its inherent features, its presentation, and the prevailing market conditions within its specific Melbourne location.