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Average kitchen renovation cost

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Example interest rate

6.25 %

Comparison rate3

7.64 %

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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 kitchen renovation cost

Every kitchen renovation is unique, and the kitchen upgrade costs can vary widely. From small kitchen home improvements such as installing a new benchtop or tiled splashback through to a complete kitchen overhaul, including redesigning the layout of the plumbing and replacing your flooring, kitchen upgrades can cost as little as a few thousand dollars through to $50,000 plus depending on the size of your kitchen and the extent of your renovations. Kitchens are a place where you gather with family and friends to prepare food and share meals together; no wonder it is such a popular room to renovate, though the costs of renovating can be expensive.

When working out what the average kitchen renovation costs are, you’ll need to look at some of the typical expenses involved. A fully fitted kitchen costs more than a small kitchen makeover, and the total cost will also depend on the quality and material of the products you use. For example, a stone benchtop will generally be more expensive than a laminate one. The cost of materials can really start to add up from lighting, flooring, cabinetry, benchtops, sinks, doors, windows, and other hardware. If you are redoing the entire kitchen, you’ll also need to factor in the cost of kitchen appliances – from fridges and dishwashers to microwave ovens and gas or electric stoves. When choosing appliances, you’ll need to consider the functionality and style and also choose the right size to fit your space. From basic to top of the range, electrical appliances come in a wide range of prices, so you’ll need to shop around and find what works best for your kitchen.

Other kitchen remodel costs to consider when looking at the average kitchen renovation cost and working out your budget include labour and installation costs. Whether you need plumbers, electricians, builders, designers, carpenters or other tradies, the labour costs will vary depending on how much of the work (if any) you are planning to do yourself. If you are handy, you may be able to buy a flat-pack kitchen and do some of the installations yourself, but you’ll still need to hire professionals if you need plumbing and electrical work done. It’s also a good idea to build some space into your budget for unexpected kitchen renovations costs that might pop up once you start your project.

What kind of a loan do I need for a renovation?

From home equity loans, redraw facilities and home improvement loans to a credit card, line of credit and more, there are several options for financing your kitchen renovation. Deciding what kind of loan is best for you will depend, amongst other things, on how much money you want to borrow and your financial situation. If you are looking to finance the average kitchen renovation cost, one option is to apply for an unsecured personal loan. This will allow you to borrow a lump sum that can be paid back in instalments over the loan period without needing to provide an asset as security. A personal loan can give you a lot of flexibility on what you spend your money on. If you apply for a loan with variable interest rates, you’ll know exactly what your repayments will be before you go ahead, which can make budgeting easier. If you are looking for a quick and easy variable rate personal loan with low personalised interest rates, MoneyMe offers unsecured personal loans from $2,100 to $50,000 with loan terms ranging from 1 to 5 years. Our application process takes just a few minutes, and in many cases, you will get your outcome on the same day you apply for your loan.

If you are doing a smaller kitchen renovation that costs a lot less than the average kitchen renovation cost, you might want to consider paying the kitchen upgrade costs using a line of credit. MoneyMe offers a Freestyle virtual Mastercard® that, once approved, can provide you with an instant line of credit up to $20,000. Like our personal loans, the online application process is quick and easy, and by downloading the MoneyMe app, your account can be conveniently managed via your mobile phone.

If you’re looking to sell your house, ListReady might be the perfect financial solution for you. It’s a product of MoneyMe that offers a pay-later solution for listing expenses with no credit checks. Use it to cover minor renovations, advertising costs, furniture staging, and more so you can sell your property sooner without paying anything upfront. Ask your real estate agent about ListReady or visit the ListReady website to learn more.  

Is there any eligibility criteria for the loan?

If you are applying for a personal loan at MoneyMe, you’ll need to be at least 18 years of age, currently employed and an Australian citizen or resident. If you meet these criteria, we will then consider other factors to assess your loan, such as your credit history, income and expected living costs. By using our proprietary loan management platform, we can give you an outcome on whether your loan has been approved very quickly. Apply online today!

Turn your kitchen renovation project into a reality with the MoneyMe personal loans. And it’s not only kitchen renovation costs we can help you out with. From build carport costs to bathroom renovation costs and more, we’ve got your renovation costs covered. If you'd like to get more ideas on how a personal loan can help you with your next home improvement project, be sure to view the range of mini-episodes of DVine Living hosted by Dale Vine on MoneyMe's DVine Living page.

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Average kitchen renovation cost

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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.

Amazing through and through. MoneyMe helped me out when no one else would and they have been a delight to deal with. I 100% recommend their service. They're an absolute joy to deal with!


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Transparent and
simple pricing

Interest rate

6.25 %
to 19.95 %

Comparison rate*

7.64 %
to 21.32 %

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


Loan terms

Minimum 1 year

Maximum 5 years

Early exit fees


*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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