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Cost of new kitchen

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Comparison rate*

10.58 %

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Cost of new kitchen

What is the cost of a new kitchen in Australia? If your kitchen is stuck in the 70s or 80s, it might be time to think about doing a kitchen renovation or even installing a new kitchen from scratch, but you might be thinking the average cost for a new kitchen will be unaffordable. With so much time spent in the kitchen each day, it’s worthwhile taking the time to do some kitchen home improvement to create a warm and inviting room that you and your family will enjoy spending time in. From walk-in pantries, spacious cabinets, enclosed rubbish and recycling bins, a multifunctional island bench, energy-saving lighting, the options for a functional yet stylish modern kitchen are endless. So it follows that the renovation costs for a kitchen can really start to add up!

Thankfully, there are home improvement loans available that can help you start your kitchen project sooner than you might think. MoneyMe offers personal loans from $5,000 up to $50,000 that can be used for a variety of purposes, including remodelling a kitchen.

Before thinking about the best way to get access to finance, you’ll need to work out the cost of a new kitchen. There are several new kitchen costs to factor in, and every kitchen is different, so the price between kitchen upgrade projects can vary significantly. Firstly, there’s the cost of the kitchen components and accessories such as cabinets, doors, flooring, lighting, electrical appliances and more. You’ll also need to decide on the quality and type of materials you use – Do you want laminate or granite benchtops? Timber or tiled floors? Top of the range fridges, dishwashers, stoves and ovens or standard appliances? All of these decisions will impact the cost of a new kitchen. You’ll also need to budget for labour costs such as plumbers, electricians and other tradies, and if you are going to be without a kitchen for a while, you may also need to factor in the cost of takeaway meals. If, after gathering up some quotes and doing your budget, you find that a fully fitted kitchen costs too much for you at the moment, you can always opt for a smaller kitchen renovation. Even just replacing the cabinet doors, adding a splashback or giving your kitchen a fresh coat of paint can brighten up your kitchen, and the kitchen makeover costs will be a lot less than full kitchen installation costs.

What is the best way to finance a new kitchen?

So you’ve decided you want to renovate your kitchen and you’ve made a budget to give you a better idea about the cost of a new kitchen, what now? If you’ve got enough cash saved up and want to pay for your new kitchen upfront, that’s great. But if you are like a lot of people, you’ll need to take out a loan or another form of financing. From refinancing your mortgage or using equity in your home to personal loans or home renovation loans, there are several options available, so you’ll need to decide which one works best for your financial circumstances.

If you decide to take out a personal loan to cover the cost of a new kitchen, MoneyMe offers unsecured personal loans with low fixed interest rates. This means you’ll know exactly what your repayments will be each month so you can make sure they’ll be affordable before agreeing to the loan. Our application process is completely online so that you can apply in a matter of minutes.

How long does it take to get a loan?

Once you’ve done your kitchen renovation budget and worked out how much your kitchen renovation cost will be, chances are you’ll want to access the money as quickly as possible so you can get started on installing your new kitchen! MoneyMe loans are fast and easy, and in many cases, the money can be in your account on the same day you apply. Once you submit your loan application and bank account details, we use technology that allows us to securely access a read-only, 90-day history of your bank statements and using our proprietary loan management platform. We can assess financial and social touchpoints in real-time, so you’ll know very quickly whether your loan has been approved. Once you’ve agreed to the loan terms, we can transfer the money to your bank account straight away. Gone are the days of spending hours completing loan application forms and then days or weeks waiting for an outcome. With our streamlined process, MoneyMe has taken the hassle out of getting a personal loan.

We all know that the cost of a new kitchen is not cheap, but with a MoneyMe personal loan, you can get the same-day funds you need to start your kitchen upgrade in no time. In fact, whether it’s for new bathroom costs, build carport costs, front yard landscaping or any other home improvement projects, at MoneyMe, we’ve got you 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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Cost of new kitchen

Fast, fair and easy. Very happy customer. Happy to get another loan in the future from MONEYME.

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I was impressed with how easy and quick the application was. Very happy with their customer service, and the app is very convenient.


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Transparent and
simple pricing

Interest rate

9.20 %
to 25.20 %

Comparison rate*

10.58 %
to 26.58 %

Establishment fee
(Direct applications)

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

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

Monthly fee


Loan terms

Minimum 3 years

Maximum 5 years

Early exit fees


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