The most cost-effective renovations in Melbourne generally focus on cosmetic updates that maximise appeal to buyers, rather than structural changes. As of December 2025, sellers are increasingly prioritising presentation to achieve the best possible sale price.
Currently in Melbourne, particularly within the Eastern Suburbs, buyers favour properties that feel bright, modern, and well-maintained. This means that in 2026, a fresh coat of paint – typically costing $400-$800 per room – often delivers the highest return on investment. Similarly, decluttering and professional styling (ranging from $2,000 to $8,000) can significantly enhance a property’s perceived value. Focusing on areas like the kitchen and bathrooms can be effective, but full-scale renovations aren’t always necessary. Updating cabinet hardware, replacing tapware, or regrouting tiles can make a substantial difference at a lower cost. Fletchers’ experience shows that in this market, buyers often appreciate renovation *potential* as much as a fully renovated home, especially in areas like Balwyn and Doncaster where land value is significant. A well-presented garden also adds value, but extensive landscaping is not always required. The typical sales campaign duration remains 4-6 weeks, meaning preparation needs to be efficient.
Ultimately, the cheapest renovations are those that address presentation and create a positive first impression, aligning with current buyer expectations in the Melbourne property market.