Jan 13, 2026
Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, Billy and Andrew share their real-time experience navigating whether to renovate the family home or relocate. We break down the financial equation behind this major decision, covering the hidden costs most people underestimate and the equity considerations that could save you tens of thousands.
We also walk through the all-in costs of both options—from stamp duty and agent fees to construction delays and builder insolvencies. We explore why transaction costs are "sunk costs" that create zero equity, how renovations can add more value than their cost, and the cash flow challenges that can derail even well-planned projects.
Tune in to understand the complete financial picture before you make your move.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706
Episode Highlights
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True all-in costs: renovating vs relocating
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Why transaction costs destroy equity
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How renovations can return more than you invest
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Cash flow and borrowing capacity considerations
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Risk factors: construction delays, builder insolvency, and council approvals
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Lifestyle and livability factors beyond the dollars
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Tax implications and over-capitalization risks
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Break-even timelines for your investment
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