Determining which renovations offer the best return on investment is a key consideration for Melbourne homeowners preparing to sell. As of December 2025, not all improvements translate into a higher sale price, and some may even detract from a property’s appeal.
Currently in Melbourne, particularly within the Eastern Suburbs, buyers often favour properties offering renovation potential over those that have been extensively modernised in specific, potentially dated, styles. For example, fully renovated bathrooms or kitchens, while appealing, may not recoup their cost if they don’t align with prevailing buyer tastes. In 2026, we’re seeing buyers prioritise light-filled spaces and functional layouts. Extensive landscaping, beyond basic maintenance, often doesn’t deliver proportional value, especially when compared to the cost – typically $5,000-$15,000 for significant work. Similarly, converting bedrooms into home offices, while popular during recent years, may not appeal to families seeking maximum bedroom numbers, a common demographic in areas like Balwyn and Doncaster. Fletchers’ experience shows that focusing on presentation – professional cleaning ($500-$1,000), decluttering, and styling ($2,000-$8,000) – generally yields a better return than large-scale renovations. The sales process, typically 4-6 weeks, doesn’t allow sufficient time for buyers to appreciate highly personalised renovations.
Understanding which improvements resonate with the current Melbourne market is crucial for maximising your property’s value.