There’s nothing quite like cooling off in your own pool during the summer months. With a variety of options at different price points, a swimming pool can be an achievable addition to your home. But will it add value to your property? And how can you finance this backyard upgrade?
Why Are Pools So Popular?
Over 3 million Australians have a backyard swimming pool or spa—about one in eight nationwide, and closer to one in four in regions like the Gold Coast.
It’s easy to see why pools are so well-loved. They’re great for staying active, teaching kids water confidence, and transforming your home into an entertainment hotspot.
How Much Does a Pool Cost?
Before dreaming of poolside barbecues, it’s essential to budget for the project. Here’s a general guide:
Remember to account for necessary extras, such as filters, childproof fencing (a legal requirement), and landscaping to keep the area clean and inviting. These additional costs should be factored into your budget.
Don’t overlook ongoing expenses either. Increased electricity and water usage, as well as pool maintenance supplies like chlorine, can add up. Maintenance costs range between $65 and $165 monthly, depending on the pool size.
Can a Pool Increase Your Home's Value?
Pools are a hit with many buyers, with "pool" being the most-searched real estate term in Australia in 2023. However, opinions vary on how much value a pool can add to a property.
Ray White suggests that the value of your home is likely to increase by at least the amount you spend on the pool. For example, a $50,000 pool could boost your property value by a minimum of $50,000. However, the ongoing maintenance costs may deter some potential buyers.
To get a better sense of whether a pool is a worthwhile investment in your area, consider speaking with a local real estate agent.
How to Finance Your Swimming Pool
Once you’ve decided on the type of pool you want, the next step is figuring out how to pay for it. Here are a few options:
Ready to Make a Splash?
Installing a pool is an exciting project that can enhance your home for years to come—but the financing doesn’t have to last as long as the pool.
As the best mortgage broker in Townsville, Brisbane, Gold Coast, Sunshine Coast in Queensland, Australia, we can help you explore your financing options, whether through a personal loan, refinancing, or tapping into your home equity. We’ll ensure the solution fits your needs, so you can focus on enjoying your new backyard oasis.
Contact us today and let’s discuss how we can help you fund your pool project efficiently and effectively. Whether it’s securing the right loan or refinancing in Townsville, Brisbane, Gold Coast, Sunshine Coast in Queensland, Australia, we’ve got you covered.
To learn more, contact Premium Finance Group Australia at (07) 4720 8888 or email us at finance@pfga.com.au.
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