Who We Are
As a leading provider of home lifts and commercial lifts with offices in both Melbourne and Sydney, Goldenhome Lifts has been at the forefront of transforming residential spaces for over two decades. Located at 19/12 Natalia Avenue, Oakleigh South, VIC 3167, our Melbourne team specialises in high-quality, customised home lifts that blend seamlessly with modern Australian homes.
Taking On a Competitive Housing Market
In an era where Melbourne’s property market is increasingly competitive, installing a home lift is not just about convenience; it is a strategic investment that can significantly boost your property’s value. Drawing on industry trends and real-world examples, we wanted to take a look at how home lifts can contribute to higher resale prices, broader buyer appeal, and long-term liveability in Melbourne properties.
Keep in mind that this is not financial advice, but rather a quick insight into how home lifts fit into Melbourne’s growing property market, and how they respond to buyer needs. Each home will be different, and with an ever-shifting market, it’s important to have more than one data source for any decision. With that said, let’s take a look at some of the factors that make residential lifts a valuable investment for Melbourne homeowners.
The Growing Demand for Home Lifts in Melbourne
Melbourne’s real estate landscape is evolving rapidly, with multi-level homes becoming more common due to rising land costs and urban density. Whilst in the past, it was more common to have larger stretches of land to build on, homeowners are increasingly opting for vertical living solutions, such as townhouses and multi-storey residences in sought-after suburbs like South Yarra, Toorak, and Hawthorn. However, navigating stairs in these homes can become challenging over time, particularly for ageing residents or those with mobility needs. This is where home lifts come in, offering a practical and stylish alternative to traditional staircases.
As a team that has been in the Australian lift installation space for quite some time, we have observed a surge in installations over the past 15 years, mirroring broader Australian trends across other major cities. There is a number of factors that go into this, such as an ageing population and the desire for multi-generational living. For instance, many older Melburnians prefer to age in place rather than relocate to single-level homes or retirement facilities. By incorporating a lift, properties become more accessible, allowing residents to stay independent longer and reducing the need for future modifications.
Key Ways Home Lifts Increase Property Value
Home lifts add tangible value by enhancing functionality and accessibility, not to mention the luxury appeal that comes from having a lift installed in your home. However, the reasons for installing a lift will be different depending on the individual. So, for those that are interested in installing a lift for the purposes of increasing their home’s viability on the market, there are a few different factors that may see a lift as an appealing addition:
1. Future-Proofing for an Ageing Population
With Australia’s population ageing, homes that support independent living are in high demand. A home lift eliminates the physical strain of stairs, making multi-level properties viable for retirees or those with health concerns. This future-proofing not only extends the usability of a home but also broadens its market appeal. Potential buyers, including downsizers, see such features as a long-term benefit, often justifying premium prices.
Industry data does seem to support this beneficial impact to residential prices. Anecdotal evidence from various lift providers suggests that installing a residential elevator can increase property value by up to 10%, depending on the market and home type. In the Australian context, elevators can boost resale prices by 10% to 25% or more, and in studies such as “Housing Price Appreciation Effects of Elevator Installation in Old Residential Areas: Empirical Evidence Based on a Multiperiod DID Model“, it is even shown that the installation of elevators in residential areas can have a similar effect for older communities at large. For Melbourne specifically, where blue-ribbon suburbs command high values, these enhancements can translate to substantial financial gains.
2. Improved Accessibility and Inclusivity
Accessibility is a key selling point in today’s market. Home lifts provide seamless access for individuals with limited mobility, including those using wheelchairs, as well as for families with young children or elderly pets. This inclusivity expands the pool of potential buyers, from multi-generational households to those prioritising universal design.
3. Enhanced Luxury and Aesthetic Appeal
In Melbourne’s luxury property segment, home lifts are shifting from optional extras to essential amenities. They add a touch of sophistication, integrating beautifully into contemporary designs. Unlike outdated stair chairs, which can detract from a home’s aesthetic, our lifts feature sleek finishes like glass sides or leather walls, complementing modern interiors.
Consider our Traction Drive model, which offers VVVF electric drive for smooth, quiet operation. Installed in a multi-level warehouse-style apartment, it can elevate the overall design while providing practical access to basements, home gyms, or wine cellars. Real estate agents note that such integrations make properties stand out, often leading to faster sales and higher offers in competitive areas.
4. Market Trends and Economic Benefits
Current market trends in 2025 underscore the value of home lifts. With falling interest rates expected mid-year, property investments are on the rise, and features like lifts help homes differentiate in a crowded market. The Australian elevator market is projected to grow significantly, reflecting increased adoption in residential settings. In Melbourne, where land scarcity encourages vertical builds, lifts are particularly valuable for smaller sites near the city centre.
Moreover, the cost of installation is often recouped through elevated property values. Annual servicing ensures longevity, adding to the home’s appeal as a low-maintenance luxury feature.
Goldenhome Lifts Melbourne is Here to Help
Installing a home lift is a wise choice for Melbourne homeowners aiming to maximise value and enjoyment. At Goldenhome Lifts, we offer tailored solutions with expert installation, 24/7 support, and a seven-year warranty on select models. Whether you are building new or renovating, our range ensures durability, efficiency, and style.
Ready to elevate your property? Visit our Melbourne showroom at 19/12 Natalia Avenue, Oakleigh South, VIC 3167, or contact us at 1300 771 866 for a free quote. Explore our full home lift range and discover how we can help future-proof your home today.
