When it comes to boosting the value and rental appeal of an investment property, smart renovations can deliver strong returns. But not all upgrades are created equal, and staying on top of current renovation trends can help investors make strategic choices that appeal to modern tenants and buyers alike.
Here are some of the most effective renovation trends driving results in the Australian property market right now.
When it comes to boosting the value and rental appeal of an investment property, smart renovations can deliver strong returns. But not all upgrades are created equal, and staying on top of current renovation trends can help investors make strategic choices that appeal to modern tenants and buyers alike.
Here are some of the most effective renovation trends driving results in the Australian property market right now.
Open plan living still leads the way for renovation trends
One of the most enduring renovation trends is the move toward open plan living. By removing non-structural walls to create larger, more connected living spaces, you can transform a cramped layout into one that feels bright, spacious, and modern. For many renters, open plan living offers the flexibility and lifestyle appeal they’re after. While costs vary, an investment of $2,000 to $5,000 can dramatically improve flow and perceived space.
Energy efficiency is in demand
Sustainability is no longer optional, it’s a must. Upgrading to energy-efficient appliances and fixtures, such as LED lighting, water-saving taps, and reverse-cycle air conditioners, is one of the most practical renovation trends for long-term gain. These features attract environmentally conscious tenants, reduce ongoing utility costs, and may qualify for government incentives. A budget of $1,000 to $3,000 can go a long way in making a property more efficient and future-ready.
Kitchens and bathrooms make the difference
If there’s one area tenants are quick to judge, it’s the kitchen and bathroom. Updating these rooms doesn’t have to mean a full overhaul. Simple, stylish touches, like new benchtops, modern tapware, fresh cabinet fronts, or updated tiles, are standout renovation trends that boost appeal without blowing the budget. A refresh in these areas typically ranges from $5,000 to $10,000, and can significantly elevate the rental value and desirability of the property.
Outdoor spaces that extend living
Outdoor living is a lifestyle priority for many Australians, and this has become one of the most sought-after renovation trends in recent years. Adding or updating a deck, patio, or even a small courtyard creates usable space that tenants love. Landscaping and privacy planting can enhance the first impression and overall livability of the property. Depending on scale, a $3,000 to $10,000 spend on outdoor upgrades can deliver wide appeal and stronger returns.
How smarter planning for long-term success is leading renovation trends
Before diving into any upgrade, careful planning is essential. Investors should focus on renovation trends that align with tenant preferences in their target area. Working with a local property manager or renovation specialist can ensure your improvements meet current rental expectations.
Use durable materials that minimise future maintenance and select finishes that balance timeless appeal with practical value. With a clear plan and strong local insight, you can renovate with confidence and purpose.
Keeping an eye on smart renovation trends helps investment property owners stay competitive in a changing market. From kitchens to courtyards, strategic updates can drive tenant interest, increase income, and future-proof your asset, all without overcapitalising.
Remember, what’s on trend today may shape your property’s performance tomorrow.
Disclaimer: This article is general in nature and does not constitute financial or legal advice. The information was accurate at the time of publishing but may have changed. Please consult with qualified professionals and refer to trusted sources before making any investment decisions.