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Certainly your lesson from this is that the maxim for renovations has come true 'double your budget and times the time by 3' or whatever it is. I am worried that a $60k renovation is overkill for the area but I'm not that up on SA suburbs. I thought initially you were doing a cosmetic reno...

This is certainly a good strategy for you. It's less time intensive, less skill intensive and lower risk. Everybody has a strategy which will fit their stage of life. As much as I'm sure your 4yo enjoys bringing his Tonka trucks to a building site, it is not always easy fitting in the time...