Determining whether cosmetic renovations will increase your sale price involves understanding current buyer preferences and market conditions. As of December 2025, Melbourne’s property market is experiencing moderate growth, with a forecast of 3-6% for 2026, meaning presentation is particularly important.
Currently in Melbourne, particularly within the Eastern Suburbs – areas like Balwyn, Doncaster, and Ringwood where Fletchers has a strong presence – buyers favour properties that are move-in ready. Cosmetic updates, such as fresh painting (typically $400-$800 per room), new carpets, and decluttering, can significantly enhance appeal. However, it’s not always a direct dollar-for-dollar return. While a well-presented home can attract more interest and potentially a higher price, extensive renovations don’t always guarantee a substantial increase. In 2026, buyers often seek renovation potential, meaning a completely modernised property might not necessarily outperform one with scope for personal touches. Professional styling, costing between $2,000-$8,000, is a common strategy to showcase a property’s best features. A comprehensive Fletchers appraisal considers these factors, analysing comparable sales and providing insights into what updates will resonate with local buyers. The typical sales campaign duration remains 4-6 weeks.
Ultimately, the impact of cosmetic renovations on sale price depends on balancing the cost of the work with the potential uplift in buyer demand and perceived value.