Should I renovate before selling or just drop the price in Melbourne in 2026?
The decision to renovate before selling in Melbourne in 2026 is complex. While vendor confidence improved through late 2025, recent RBA rate hikes have introduced caution, dampening buyer urgency (Domain). Given Melbourne’s median dwelling value of approximately $830,371 (Cotality, January 2026) and recent modest price adjustments (-0.6% in the March 2026 quarter, PropertyUpdate/Cotality), a strategic