24/08/2026
Unless your tenant is organically vacating your property, I’d be extremely cautious about disturbing them just to renovate in the hope of getting a higher valuation at 1 July 2027.
As a property valuer, I can tell you that the money you spend on a renovation doesn’t necessarily translate dollar-for-dollar into additional property value — particularly in the current market.
Yes, renovations can absolutely add value, but you also need to consider the loss of rental income, the cost of the renovation, the risk of overcapitalising, and whether the work will actually add enough value to justify it.
So before asking a good tenant to leave purely for the sake of renovating ahead of a valuation, make sure you understand the numbers and weigh up the potential upside against the potential cost.
If you’d like some help getting your head around the best strategy for your property, please reach out. Otherwise, get as informed as possible before making the decision.
Renovation Overcapitalising CapitalGainsTax CGT AustralianProperty PropertyInvestment AddValuer