Determining which renovations offer the best return when selling involves understanding current buyer preferences and market conditions. As of December 2025, Melbourne’s property market favours well-presented homes that offer both immediate liveability and future potential.
In 2026, buyers in Melbourne’s Eastern Suburbs – particularly around areas like Balwyn, Doncaster, and Ringwood – prioritise properties that maximise light and space. Cosmetic updates generally realise a better return than large-scale structural changes. Currently in Melbourne, a fresh coat of paint (typically $400-$800 per room) and professional styling ($2,000-$8,000) are consistently effective. Kitchen and bathroom updates can be beneficial, but focus on modernising rather than complete overhauls, as buyers often have their own preferences. Fletchers’ experience shows that updating fixtures and fittings, rather than altering layouts, is often favoured. The typical sales campaign in 2026 runs for 4-6 weeks, meaning renovations should be completed well before marketing begins. It’s important to remember that agent commission in Melbourne suburbs is typically 1.5-2.5%, so factoring this into potential returns is crucial. We often see buyers in this region valuing proximity to schools and transport, so renovations that enhance these aspects are well-received.
Ultimately, strategic presentation and addressing minor imperfections tend to provide the most impactful return on investment when preparing a property for sale in Melbourne in 2026.