Melbourne homeowners contemplating their choice between 'knockdown-rebuild' vs 'renovate' their properties in 2026, are facing a critical financial crossroads. With KPMG forecasting Melbourne house prices to climb 6.6% this year—adding approximately $64,900 to the current median of $983,000—the decision between demolishing and rebuilding versus renovating has never been more financially significant. According to recent Australian Bureau of Statistics data, dwelling approvals