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Its like most things. Its not what it is that matters, its how its done. Most people don't make money doing renos (or little) because they do it wrong. Wrong time of the market, wrong area, wrong renovation, overcap, etc. It can be very profitable if done correctly.

I'd say you should put a 'sometimes' in there somewhere. Most people just want to buy and move into a house and not worry about 'updating' it. In my experience it depends on the area the property is in (as Wylie says, inner city areas it tends to happen, but not always) and also the stage...

Its a simple debate: If a reno increases a houses value by say $100k from $400k to $500k. Then all ongoing capital growth will be on the higher renoed figure. Say 7% growth compounding on $500k ongoing or 7% growth compounding on $400k ongoing. This is the way i look at renos re rent and i...