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Kitchen and bathroom renovations, granny flats, and cosmetic refreshes deliver the best ROI in Australian property. A granny flat ($120,000–$200,000) adds $150,000–$250,000 in value plus rental income of $18,000–$30,000/year.
In most major cities, yes — a well-built granny flat adds more in property value than it costs to construct. The $120,000–$200,000 construction cost typically translates to $150,000–$250,000 in added property value plus ongoing rental income.
It depends heavily on location. In Sydney's northern beaches and Brisbane's inner north, a quality pool can add $50,000–$100,000. In cooler climates or buyers' markets, pools may add minimal value or even detract.
For cosmetic-only renovations within the existing footprint — generally no. For structural changes (moving walls, adding windows) — usually yes. Check with your local council before engaging a builder for any structural work.
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