When it comes to improving one’s home, Melbourne has proven to be quite at the top of its game. More and more homeowners are spending their well earned money just to improve the current state of their homes.
According to a report, compared to the people from Sydney, those who are residing in Melbourne are more committed into renovating their houses with a cash total excess of $52 million which has been spent on extra improvements based on the last September quarter.
Based on the data released by the Australian Bureau of Statistics, the total money spent was almost $500 million just for the renovation and extension works. Changes inside Melbourne homes include renovated basements and adding internal courtyards. This number has shown that there is an increase of 9.5 per cent in just more than one year.
In the whole of Melbourne are, Glen Iris and Malvern were found to be at the top with residents spending around $14.7 million in order to renovate their properties. Next on the list of the top spenders on renovations are Toorak, Windsor, Kew, Albert Park, Brighton and Prahran.
In the case of Sydney, the suburbs with the highest spending are Bellevue Hill and Double Bay. Perth, on the other hand, has Hammond Park, Spearwood and Success as the highest spender when it comes to home improvements Perth.
According to a statement from Robson Rak Architects’ director, Katherine Robson, many of the properties prone to renovation that are located in Melbourne are covered by the heritage overlays. This is the reason why new buildings cannot be built instead since the heritage overlay makes it impossible to demolish the properties.
In some places, this will force the homeowners into renovating their properties but for the people in Melbourne, they have learnt how to give value to the old style homes.
Robson added that their appreciation does not mean they are not willing to add something new into the properties. Some of them would go over the boundary and add some modern architectural extensions which they chose to add at the back part of the heritage properties.