Nice. Have you chosen the replacement, or do you you have shopping ahead of you?
I've been unable to decide between replacing and recovering my old lounge suite for about 5 years now! It currently has a cheap cover on top so you can't see the torn threads and has an old doona on top of the cushions to add some padding. I really need to do something about it.
Avoid Berkowitz, they were unbelievably shit when we got our new couch a few months back. Gas-lighting scumlords. Their argument was: "Chinese people put their sofas against a wall, so damage during shipping and wonky stitching on the back of the couch is to be expected". Arseholes.