Renovations undertaken prior to selling can influence a property’s return on investment (ROI), but the optimal timing is nuanced and depends on market conditions and the scope of work. As of December 2025, Melbourne’s property market is experiencing moderate growth, forecast to continue into 2026.
Currently in Melbourne, particularly within the Eastern Suburbs – areas like Balwyn and Doncaster where family homes are in high demand – buyers favour properties that present well and offer either a move-in ready solution or clear renovation potential. A cosmetic renovation, such as painting (typically $400-$800 per room) and professional styling ($2,000-$8,000), can often yield a strong return by broadening buyer appeal. However, large-scale renovations carry more risk. A 4-6 week sales campaign is typical, and undertaking significant work within that timeframe can disrupt the process. In 2026, buyers are prioritising light-filled spaces and functional layouts. Fletchers’ experience shows that focusing on these elements often delivers a better ROI than extensive structural changes. It’s also important to consider that agent commission (typically 1.5-2.5%) and marketing costs ($3,000-$8,000) will impact net profit. We routinely advise clients to consider the cost-benefit analysis carefully, factoring in potential delays and market fluctuations.
Ultimately, renovation timing is about balancing presentation, market demand, and the potential for increased value, and a thorough property appraisal with a local expert is crucial.