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. Updating kitchen and bathroom hardware (handles, tapware) can also be impactful for a relatively low cost. Styling, ranging from $2,000 to $8,000, is also a key consideration, as it helps potential purchasers visualise themselves living in the space. Fletchers’ experience shows that decluttering and depersonalising are often overlooked but crucial ‘renovations’ that can significantly improve buyer perception. While larger renovations might add value, the cost often outweighs the benefit, especially given the current median dwelling value of $823,495. A comprehensive property appraisal from Fletchers can help identify which updates will be most effective for your specific property and target buyer.
Focusing on cosmetic improvements and presentation is generally the most financially sensible approach to renovation when preparing a Melbourne property for sale.