Why CommBank

CommBank Yello. Get access to exclusive benefits, cashbacks and discounts.

Dedicated support. Expert guidance designed to make renovation journey easier.

Simple top up. If you've already got a home loan with us, you may be able to top it up to help with renovations.

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Plan your renovation, understand what’s involved and how to progress to the next stage. We’ll walk you through the basics that can help you plan each step of the way.

Renovate or move?

Weigh up your options and decide if renovating is the best option for you. If your housing needs have changed, you may be weighing up whether a renovation is worth your time and energy, or whether it makes more sense to move.

Have you considered these options?

Before diving into what’s next, have you considered these options as part of your process.

If you’re looking to knock down and rebuild instead, a prefab home could be the solution. Prefabricated- or prefab homes are built partially off-site and are then transported to be permanently affixed to your land. The speed and efficiency of prefab construction can also make a great case in whether you choose to renovate or build.

Home energy upgrades

Unlock energy savings by electrifying your home. Get personalised insights, connect with trusted local installers, and access exclusive offers – helping you confidently upgrade your home with solar, batteries and more.

CommBank Yello

You could get cashback, discounts and more with CommBank Yello – our customer recognition program. It’s our way of thanking you for banking with us. Eligibility criteria applies.*

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Finance your renovations

Use equity in your home

Eligible CommBank customers can access the equity in their property to top up (increase) or redraw on their home loan.

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Topping up your loan

If you've already got a home loan, you may be able to top it up to help with renovations.

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Get a construction loan

Consider a construction loan for those larger renovations and projects. 

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Budget planner

Work out how much you want to spend and make a budget.

Start budgeting

Message us 24/7

Get help from Ceba in the CommBank app or connect with a specialist who can message you back. You’ll need CommBank app notifications turned on so you know when you’ve received a reply. 

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Things you should know

  • The contents of this page are intended to provide general information of an educational nature only, without regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. As the information has been provided without considering your objectives, financial situation or needs, you should, before acting on the information, consider its appropriateness to your circumstances. You should consider the Terms and Conditions and/or Product Disclosure Statement, as well as the Target Market Determination, of any product before deciding whether a product is appropriate for you. You should also consider seeking independent professional legal, tax and financial advice. Applications for finance are subject to credit approval. Fees and charges may be payable. 

    * The CommBank Yello Cashback Offers program (‘CommBank Yello Cashback Offers’) rewards you with cashback after you activate (where required) an offer presented to you via the CommBank app and you make a purchase in accordance with the Terms and Conditions of that offer. Cashback is typically received within 14 business days of a qualifying purchase, but in some cases may take longer. If you are not already enrolled, you can enrol if you are at least 18 years old, hold an eligible CommBank credit Mastercard or debit Mastercard, Business credit Mastercard or StepPay digital card, and meet the ‘Base eligibility criteria’ in the ‘CommBank Yello Terms and Conditions’ (latest version available on our website at commbank.com.au/commbank-yello) (‘CommBank Yello’).