Having a Pool That Suits Your Backyard

Home  >  Articles   >   Having a Pool That Suits Your Backyard

According to data released by Roy Morgan in November 2018, 2.7 million Australians live in a home with a swimming pool. This represents 13% of the population, up from 12% who lived in a home with a swimming pool in 2015, when Roy Morgan last conducted the same research.

Through the years, numerous studies have highlighted that adding a swimming pool to your home isn’t necessarily going to add a great deal of value to your property. This suggests that Australians who choose to add swimming pools to their gardens do so for lifestyle reasons, rather than purely as an investment now to make a profit when the property is sold.


How Popular Are Swimming Pools Across Australia?

Home swimming pools are most popular in regional Queensland, with the cities outside of state capital Brisbane seeing 20% of the population living in a property with a swimming pool.

The three most northerly state capitals also see swimming pool ownership above the national average. 19% of Perth residents, 18% of Brisbane residents, and 15% of those who live in Sydney have swimming pools at home. In contrast, only 9% of Melbourne and Adelaide residents, and 4% of those living in Hobart, have a swimming pool at home.

Source: Roy Morgan (November 23, 2018)

Which Australians Have Swimming Pools at Home?


As well as sorting swimming pool ownership statistics by state, the Roy Morgan research also looked at the lifestyle demographics of swimming pool owners, finding that the two groups most likely to have swimming pools at home are high income, career focused Australians, and “hearth and home” Australians.

That 17% of those in the “hearth and home” category have a swimming pool at home is notable, as this is the demographic categorised as being closest to the “average Australian” (Roy Morgan, November 23, 2018). Contented families, empty nesters, and those focused on their home lives in this group are likely to be swimming pool owners. This highlights that swimming pool ownership is a realistic and achievable ambition for many Australians, and not just exclusively for high earners.

With swimming pool ownership such a great way to enhance your lifestyle, how do you know which swimming pool is best for your backyard?


What Swimming Pool Type Should I Get?


While there are various types of swimming pool options for your garden, the first consideration you will need to make is space. Once you’ve assessed the types of swimming pools that you might be able to have from a practical perspective, the next thing to think about is your budget.

This is where you can start to see significant differences in what installing a swimming pool could mean for you, so let’s take a look at your options.


Above Ground Swimming Pools


An above ground swimming pool is the best option if you’d love to have a swimming pool in your garden but are mindful of budget. As their name suggests, an above ground pool sits on the surface of your garden. These can be purchased from as little as $3,500 but some models can cost $6,500 and beyond (Hi Pages, April 2, 2019). While an above ground pool is a budget-friendly option, many Australians choose to install decking around the pool, which is often preferable than simply having a pool sitting in the garden looking rather unsightly.

Although you do lose some garden space when choosing to put decking around the pool, if you have a large enough garden this can create an attractive structure and work as a nice centrepiece in your backyard. In budgeting, you need to remember that there will be a cost for the decking, too. The cost for the decking and installation can be up to $2,500 depending on the size of the pool and the decking (Hi Pages, April 2, 2019).


In-Ground Swimming Pools


In-ground swimming pools, as you might expect given the work involved, are a more expensive option.

While a fibreglass shell for a swimming pool might seem comparatively cheap – small versions are available for as little as $6,500 – you also need to consider the cost of excavating the hole in the ground (Hi Pages, April 2, 2019). Once the dirt has been removed you will also need to think about what happens next. Whether the dirt is taken away, or is used to landscape another part of your garden, this will incur an additional cost. There’s also the question of drainage and other additional work that is necessary when installing a below ground pool.

Overall, once all the costs add up, a small fibreglass shell pool could still come in at around $25,000 (Hi Pages, April 2, 2019).

An alternative to fibreglass is to have a concrete pool installed. The cost again escalates here, with an average sized concrete pool costing $50,000 (Hi Pages, April 2, 2019).


Will There Be Any Other Costs?


It’s a legal requirement to have swimming pool fencing, so at the very least that is going to incur a further cost.

As we briefly touched on when talking about in-ground swimming pools, if you decide to use the excavated dirt to landscape your garden then you may end up paying a landscape architect or gardener to do extra work. Many Australians also choose to have additional features as part of their swimming pool, such as having a higher portion of the pool that feeds a waterfall down into the main pool, a hot tub, or even a specific tiling design or feature.

Depending on where you live, you may have to pay a water charge for the cost of filling your swimming pool, too.


Swimming Pool Type

Above Ground

In Ground Fibreglass

In Ground Concrete

Price Range

$3,000 – $7,000

$25,000 – $75,000

$35,000 – $100,000

Potential Additional Costs

Decking installation – up to $6,000

Dirt excavation and removal or landscaping

Dirt excavation and removal or landscaping

Water Charges (State dependent)

Mandatory Additional Costs

Swimming Pool Fencing – Average $100 per 2.4m of fencing, plus up to $100 per metre to fit.

Ongoing Costs

Cleaning, Heating, and Lighting – Dependent on size of pool and location.

Source: Hi Pages (April 2, 2019)

When considering a swimming pool installation for your home, shop around for specific costs and receive itemised quotes where possible. For example, a swimming pool contractor might be able to take care of everything including landscaping, but it might be cheaper to ask the pool contractor to leave the dirt and get a gardener to come and do the work once the pool is complete. With an itemised quote you can see exactly what you’re paying for each component part of the project, and can make your money go as far as possible.


Covering the Cost of Your Pool


If you don’t want to wait to save the cash to get your swimming pool installed, we can help you to get it, now. At NOW FINANCE we offer personal loans for the specific purpose of installing a swimming pool in your garden, allowing you to improve your lifestyle at the earliest opportunity while repaying your loan at a rate affordable to you.

Decide on the swimming pool that would be the best option for your backyard, and once you have some cost options come back to NOW FINANCE, get your rate, and discover what you could borrow and repay while enjoying your new swimming pool.


Disclaimer:  This article contains general comments and recommendations only. This article has been prepared without taking account of your objectives, financial situation or needs.  Before taking any action you should consider the appropriateness of the comments made in the article, having regard to your objectives, financial situation and needs. If this article relates to the acquisition, or possible acquisition, of a particular credit product you should obtain and consider the relevant disclosure documents before applying for the product.

Which Comes First – Saving or Paying Off Debt?

Which Comes First – Saving or Paying Off Debt?

The interest rate on your credit card is unattractive. You’re not paying much more than the minimum repayment each month off your balance. At the same time, you’re saving very little, if anything at all. If an emergency crops up, let’s say you need to pay for repairs...

read more
Categories: Home Renovation, Lifestyle

Approved customers only. Terms, conditions, fees and charges apply. All applications are subject to NOW FINANCE’s lending and approval criteria. Settlement times may vary depending on circumstances. Loan repayment terms range from 18 months to 7 years. Interest rates range from 7.45% p.a. (9.07% p.a. comparison rate) to 16.95% p.a. (18.53% p.a. comparison rate).

*Comparison rates are based on a loan of $30,000 over 5 years.

WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

EXAMPLE: An unsecured personal loan of $30,000 borrowed for 5 years with the interest rate of 7.45% p.a. (9.07% p.a. comparison rate), would estimate to a minimum total amount payable of $37,741.60 via the weekly payment option (including a $495 establishment fee and $13 per month administration fee). Rates are subject to change.

NOW FINANCE is a trademark of Now Finance Group Pty Ltd | ACN 158 703 612 Australian Credit Licence number 425142