Craft, who recently joined Nine from Seven, is also the co-presenter of the upcoming Domestic Blitz.
“It has been around so long and is an institution,” she told the Daily Telegraph, while filming her first episodes of the series.
“As far as a TV career is concerned you want a good show that rates, and this one has done that for 19 years so it’s an amazing thing to be part of.”
Pearen leaves AFHV to return to acting. Craft follows a line of previous hosts including Kim Kilbey, Catriona Rowntree, Jo Beth Taylor, Lisa Patrick, Jackie MacDonald and Graham Kennedy.