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Average cost of bathroom renovation

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$

Monthly repayment from

$910.72

Example interest rate

6.25 %
p.a.

Comparison rate3

7.64 %
p.a.

Total charges

$1,857.28

Total repayments

$21,857.28

Disclaimer: This calculator provides an estimate only and a comparison rate based on the example information provided. Other fees, costs and charges are not included. This calculation is not an offer for credit. The amount you can borrow may vary once you complete a loan application and all the details relevant to our lending criteria are captured and verified. Any calculations made by you using this calculator is intended as a guide only.

Average cost of bathroom renovation

Are you wanting to do up your bathroom but think the average cost of a bathroom renovation in Australia will be unaffordable? Or maybe you’ve been wanting to add an ensuite bathroom to your master bedroom but think it is going to be too expensive? The bathroom is a high traffic area of the home, so you’ll want it to make it a nice space to be in. Whether it’s putting in some little luxuries like a heated towel rail or a frameless shower screen or adding on a whole new bathroom, it may be more affordable than you think.

To turn your bathroom makeover dreams into a reality, you’ll need to have the money to fund it, and while the average cost of a bathroom renovation isn’t cheap, applying for a personal loan is one way of allowing you to borrow money now and pay it back in manageable instalments over time. MoneyMe offers unsecured personal loans with low rates and fees and flexible terms. Whether you are doing a major overhaul of your bathroom or freshening it up with new vanity and taps, MoneyMe offers personal loans from $2,100 to $50,000 with loan terms between 1 and 5 years.

What is the average cost of a bathroom renovation?

The cost to renovate a bathroom in Australia will depend on factors such as the size of the room, how much work you are doing and the materials, fittings and fixtures you choose. From a couple of thousand dollars to give your bathroom a facelift by adding some stylish tapware or upgrading your vanity to $40,000+ for a completely new luxury bathroom, remodelling costs can vary widely depending on the type of renovation you are doing. Rather than looking at the average cost of a bathroom renovation, you might want to do a budget based on what you are planning to do and use that as a price guide.

Bathroom renovation costs to factor in include hardware such as taps, vanities, basins, porcelain toilets, showers, tiles, bathtubs, and professional labour costs such as builders, plumbers or electricians. You’ll also need to think about things such as waterproofing and ventilation (such as installing exhaust fans) as well as budget for bathroom accessories like towel rails, toilet roll holders, hooks and shelving. You may even want to include some special features like floor heating or mood lighting. By gathering up bathroom renovation quotes such as bath installation costs, shower renovation costs, plumber costs and bathroom fittings costs, as well as full bathroom renovation costs, you’ll begin to get an idea of how much different things cost and work out what is affordable for you. If you’ve got a large budget, you might want to consider changing the layout by moving the plumbing, although it will usually be cheaper if you leave the existing plumbing where it is. If a new bathroom costs more than you can afford, even just adding a premium quality shower screen and taps can change your bathroom’s whole style and look. When you do a budget, it’s always a good idea to allow a bit extra for unforeseen costs that might pop up, too.

How to apply for a loan to cover the costs associated with a bathroom renovation

Once you’ve done your budget and estimated how much your bathroom remodel, or renovation is going to cost, then you need to work out whether you can afford the renovation costs. One way of funding your bathroom renovation project is to apply for home improvement loans. By taking out a personal loan, you can borrow a lump sum of money and then pay it back through regular monthly repayments. Some money lenders even offer same day loans, so if you’re keen to get started on revamping your bathroom, a fast loan could be just what you are after. MoneyMe offers unsecured personal loans from $2,100 to $50,000, and they can be borrowed over a loan term of between 1 and 5 years. With our competitive fixed interest rates, you’ll know exactly what your repayments will be each month upfront, which can really help with budgeting. Applying for a personal loan to cover your home renovations from MoneyMe only takes about 5 minutes and can be done completely online, and with our fast approval process, you won’t have to wait long to see if your loan has been approved. Once you have agreed to the loan, we’ll transfer the money to your bank account straight away.

And if you are thinking of selling your property, MoneyMe has a real estate-focused financial product to help you cover the cost of home renovations, staging and typing, advertising and more. Ask your agent about it or visit the ListReady website to learn more.

We all know that the average cost of a bathroom renovation project is not cheap, but with a MoneyMe personal loan, you can get the same-day funds you need to start your bathroom renovation in no time. And we can help you with more than just bathroom renovation costs. From kitchen upgrade expenses to build carport costs, we’ve got all your house renovations covered. MoneyMe is the official finance partner of the renovation TV show on 7two called DVine Living. Hosted by Dale Vine, this show features some of the best home reno tips and DIY ideas that you can try out on your home. Be sure to visit the DVine Living page and tune in on every episode to get more ideas on how a personal loan can help you with your next home improvement project.

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Average cost of bathroom renovation

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After 5 to 10 minutes of filling up my application, my loan has been approved and the money was in my bank account. I had a great experience that is why I'm giving them a 5-star rating. Excellent service. Thank you very much, MoneyMe.

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Transparent and
simple pricing

Interest rate

6.25 %
p.a.
to 19.95 %
p.a.

Comparison rate*

7.64 %
p.a.
to 21.32 %
p.a.

Establishment fee

$295 for loans between $2,100 and $5,000

$395 for loans between $5,001 and $15,000

$495 for loans between $15,001 and $50,000

Monthly fee

$10.00

Loan terms

Minimum 1 year

Maximum 5 years

Early exit fees

None

*This comparison rate is based on an unsecured personal loan of $30,000 for a term of 5 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. A $495 establishment fee and $10 monthly fee applies.

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