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Is $300,000 enough to renovate a house?

Asked by Anonymous Oct 12, 2026 1 views 1 answers
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Answered Oct 13, 2026
Is $300,000 enough to renovate house in Australia, yes $300K is enough to fully renovate average 3 bed house 150 sqm mid to high-end $200K to $300K, with $300K covering kitchen $15K to $50K, 2 bathrooms $20K to $60K, flooring $10K to $20K, painting $5K to $15K, electrical $5K to $10K, plumbing $5K to $10K, roof $10K to $30K, windows $10K to $20K and structural $20K to $50K, total $100K to $300K, with $300K enough for high-end renovation $2,000 per sqm for 150 sqm = $300K, but not enough for large 300 sqm luxury $500K to $800K. $300K enough to renovate average house 150 sqm fully mid to high-end, with breakdown kitchen $30K with cabinetry $10K, stone benchtop $4K, appliances $5K and labour $5K, 2 bathrooms $50K $25K each with tiles $5K, fixtures $5K, waterproofing $2K and labour $5K, flooring $20K for 150 sqm timber $130 per sqm, painting $10K interior and exterior, electrical rewiring $8K, plumbing $8K, roof $20K Colorbond, windows $15K double glazed and structural $20K for walls, total $181K plus 20% contingency $36K = $217K, with $300K enough for high-end finishes $50K extra for stone, appliances and landscaping $20K, still within $300K. For large house 300 sqm, $300K is $1,000 per sqm budget renovation $300K, not enough for high-end $2,000 per sqm = $600K, so $300K enough for small to medium house 150 sqm high-end, but not for large luxury. So $300K enough to renovate house 150 sqm fully mid to high-end $200K to $300K with $1,500 to $2,000 per sqm, covering kitchen $15K to $50K, bathrooms $20K to $60K and structural $20K to $50K, with $300K enough for average house, but not for large 300 sqm luxury $500K to $800K requiring $400K to $600K.
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