Considering a Swimming Pool Installation for Summer?

When summer arrives, there’s no better way to cool down than lounging by your own swimming pool. Whether you’re looking for an affordable backyard oasis or planning to invest in a luxurious inground pool, there are a few key factors to consider before making the leap.

The Popularity of Pools in Australia

More than 3 million Australians already enjoy the luxury of having a swimming pool or spa at home—roughly one-in-eight Aussies, and even higher in places like the Gold Coast where it’s nearly one-in-four. Pools offer more than just a place to beat the heat; they provide an opportunity to stay active, encourage water confidence in children, and are a fantastic centrepiece for home entertaining.

Costs Involved

Before you start planning poolside barbecues, it’s essential to budget for your new swimming pool. Here’s a breakdown:

Above-Ground Pools

For a more budget-friendly option, above-ground pools typically range in price from approximately $3,500 to $12,000.

Inground Pools

An inground pool can start at around $35,000 and go up to $100,000 or more, depending on size, materials, and features. Remember to factor in extra costs such as childproof fencing, filtration systems, and basic landscaping to keep your pool inviting and safe.

Ongoing Costs

Expect additional expenses for power, water, and pool supplies such as chlorine. Regular maintenance can cost between $65 and $165 per month, depending on the size of your pool.

Adding Value to Your Property

Swimming pools are a sought-after feature among home buyers in Australia. In 2023, “pool” was the most searched term among potential buyers. While it’s true that a pool can boost property value, the amount of increase isn’t always guaranteed. According to real estate experts at Ray White, your property’s value might rise by at least the cost of installation. For instance, if you invest $50,000 in a pool, there’s a good chance your property’s value will rise by at least $50,000. However, the upkeep costs and maintenance requirements could deter some buyers.

To get a better understanding of how pools are valued in your area, it’s wise to consult with a local real estate agent who can offer insights specific to your market.

Financing Options

Now that you’ve set your sights on a pool, the next step is figuring out how to fund it. Here are a few options:

Savings

Using personal savings means avoiding interest charges, but ensure you have enough spare cash to cover any unexpected bills or expenses.

Personal Loans

A personal loan can keep your savings intact and provides a fixed term, so you’ll know exactly when the debt will be paid off.

Home Equity

Tapping into home equity can allow you to add the pool’s cost to your home loan. This can also be an opportunity to review your current loan to ensure it still aligns with your financial goals.

Ready to Dive In?

You’re set to create memories in your backyard paradise, but you’ll need a plan for financing. That’s where we come in. At Osinski Finance, we specialise in finding tailored solutions for pool financing. 

We’ll explore the market to find the best options for your needs, so you can focus on getting your backstroke ready and enjoying the fun times ahead in your new pool. Dive in with us at Osinski Finance today!

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.