Renovation Trends That Add Real Value to Your Investment Property
Well-planned upgrades can boost your rental income, improve tenant retention, and increase your property’s market value. Here are some renovation trends we’re loving right now—offering great returns without overcapitalising.
1. Open-Plan Living: Space, Light & Flow
Open-plan living remains a standout feature in today’s rental market. Removing non-structural walls to create a more seamless flow between kitchen, dining, and lounge areas can make your property feel larger, brighter, and more inviting.
Estimated cost: $2,000–$5,000
Why it works: Tenants are drawn to open layouts that suit modern lifestyles and feel more spacious than traditional floorplans.
2. Energy-Efficient Upgrades
Sustainable living is no longer a luxury—it’s expected. Installing energy-efficient lighting, water-saving fixtures, and modern air conditioning systems can reduce utility costs for tenants and add long-term value to your property.
Estimated cost: $1,000–$3,000
Why it works: These upgrades appeal to environmentally conscious renters and can also reduce maintenance and energy bills over time.
3. Kitchen & Bathroom Refreshes
Kitchens and bathrooms are high-impact spaces when it comes to rental appeal. You don’t need a full renovation to make a big impression—simple updates like new benchtops, tapware, and cabinetry in the kitchen, or retiling and vanity replacements in the bathroom, go a long way.
Estimated cost: $5,000–$10,000
Why it works: These rooms sell the lifestyle. A clean, modern kitchen or bathroom can set your property apart in a competitive market.
4. Outdoor Living That Works
Outdoor areas are a big bonus for tenants—especially families and professionals working from home. A quality deck, courtyard, or patio extends the living space and makes entertaining easy. Even basic landscaping can enhance street appeal and perceived value.
Estimated cost: $3,000–$10,000
Why it works: Outdoor living is part of the Aussie lifestyle. Properties with functional, low-maintenance outdoor spaces consistently attract more interest.
Renovating with ROI in Mind
Here are a few tips to maximise the return on your renovation spend:
- Focus on high-impact areas – Kitchens, bathrooms, and living zones often offer the best return.
- Use durable, low-maintenance materials – Saves time and money in the long run.
- Consult your property manager or renovation professional – They understand what tenants in your area are looking for and can help you prioritise wisely.
By making smart, targeted updates, you’ll not only increase rental appeal but also protect your investment for the long term.
Note: The information provided in this article is general in nature and does not constitute financial or legal advice. We recommend speaking with your financial advisor or legal professional before undertaking any renovation project.
