Planning & Budget

Full Home Renovation Cost Melbourne 2025: Budgeting Guide

VicWide Renovations Team
2025-11-16
Updated: November 29, 2025
10 min read

Undertaking a full home renovation is a significant investment. This guide provides a transparent breakdown of costs for Melbourne homeowners in 2025, covering structural work, cosmetic updates, and premium finishes.

Full Home Renovation Cost Melbourne 2025: Budgeting Guide

Cost per Square Metre

Budget $2,500 - $4,500 per square metre for comprehensive renovations. Cosmetic updates may fall lower ($1,500/m²), while structural changes and luxury finishes push costs higher.

Budget Allocation

Kitchen and bathrooms typically consume 40-50% of the budget. Allocate 15-20% for trades (electrical, plumbing), 10-15% for flooring/painting, and always keep a 15% contingency fund.

Structural vs Cosmetic

Moving walls, adding windows, or changing rooflines requires engineering and permits, significantly increasing costs. Cosmetic updates (paint, floor sanding, fixture swaps) offer high ROI for lower outlay.

Permits and Fees

Factor in building permits, planning permits (if applicable), surveyor fees, and insurance. These can add $5k-$15k to the project bottom line.

Timeline Expectations

Full home renovations typically take 3-6 months depending on scope. Phasing the renovation can spread costs but extends the timeline and disruption.

Key Takeaways

  • Expect $2,500-$4,500 per sqm for full renovations
  • Kitchens and bathrooms are major cost centers
  • Structural changes trigger permit and engineering costs
  • Contingency fund of 15% is essential
  • Allow 3-6 months for construction

Ready to Start?

Planning a full home transformation? Get a detailed project estimate.