Renovations can potentially enhance appeal for sellers or homeowners, however success depends on markets, budgets and execution.

Real estate data suggests kitchens, bathrooms and exteriors often rank highly, though ROI varies widely (typically 50 – 100% nationally per Domain/REIA reports). Note: These stats are not guaranteed.

Kitchen updates – general trends
Cosmetic refreshes ($3k-$7k) may appeal more than full rebuilds:

  • Cabinet resprays in neutrals.
  • Tile splashbacks and LED lighting.
  • Induction cooktops attract some demographics but require certification.

Brisbane/Sydney buyers often seek ‘move in ready’ features and are subject to local demand.

Risks
Trends shift and poor quality deters buyers.

Bathroom considerations
Budget updates ($5k-$10k) like:

  • new vanities
  • frameless showers
  • matte taps
  • heated floors add appeal in colder areas.

Pro tip
Pre-reno waterproofing checks prevent insurance issues (affecting ~20% of inspections per HIA data).

Risks
Plumbing faults or over customisation reduce broad appeal.

Curb appeal basics
Exterior enhancements ($3k-$5k) influence first impressions:

  • Updated doors/entryways.
  • Landscaping, power washing.
  • Smart locks for tech appeal.

Agents note 80% of decisions form externally – but staging costs apply.

Bonus features overview

  • Built in storage (55-70% potential ROI in regional markets).
  • Solar panels (post-rebate ~$10k; payback varies 4-7 years amid energy rises).
  • Insulation for efficiency.

Cost guide and trends

City/Area Cosmetic Reno Cost/sqm (est.) Common Features
Sydney/Melbourne $5k-$7k Neutrals, offices
Brisbane/Perth
$4.5k-$6k Alfresco links
Adelaide
$4k-$5.5k Storage adds

 

2026 trends favour hybrid spaces such as spare room offices and outdoor spaces (bi-folds).

Key risks & cost traps

  • Overruns: Labour shortages inflate 40-60%; fixed price HIA builders recommended.
  • Over-capitalising: Limit to 5-10% of value; trendy colours (e.g., mauves) risk dated looks.
  • No uplift: Market falls erase gains; skip staging at 5-10% offer risk.
  • Financing: Loans add interest; approvals depend on serviceability.
  • Timing: Supply gluts favour polished homes.

Next steps checklist (general awareness only):

  • Get multiple builder quotes/valuations.
  • Assess local sales data via CoreLogic/Domain.
  • Budget 20% contingency.
  • Consult certifiers for compliance.

Renovations inform decisions but demand caution — markets fluctuate.

As specialist finance brokers, we often assess borrowing options for projects (eg renovation and construction loans).