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Thanks Rolf! So am I right in saying that, for reno to a unit, unlike a house where you can add room/do extension etc, the 'extracting equity' more so depends on growth in the area/suburb?

Hi all, For a 2BR single-storey unit that I'm planning to do cosmetic reno to: 1. increase rent 2. hopefully reval & extract equity 6-12 months down the track Questions: 1. While I'm aware that it doesn't always happen, what renos to a unit will more likely result in increased equity...