Traditionally spring sends a wave of renovation activity rippling through Gold Coast suburbs, with the warmer weather raising expectations of a more buoyant market.

This year, however, the sentiment around renovating has shifted.

The rising cost of materials and labour continues to place pressure on homeowners, with many finding it difficult to justify a renovation spend, especially with a restrained budget.

As a result, a more cautious approach is being taken, particularly when it comes to higher-priced properties, with quality cosmetic upgrades becoming the new strategy of choice.

Homeowners are leaning into making more targeted improvements that add value without leaving them overextended.

While buyers remain focused on new-builds and properties that require minimal maintenance or upgrade, savvy investors can make significant gains if they are confident enough to take on a project, and know where to look for homes with the most potential.

Suburbs currently undergoing quiet gentrification are emerging as hotspots for those prepared to undertake a significant level of renovation work. Dominated by older housing stock, established infrastructure, and a growing appeal among young families, they offer a goldmine of opportunity.

On the Gold Coast, analyst Heron Todd White identifies Miami, Tugun, Labrador and Southport as renovation hotspots for their proximity to beaches, schools, and essential infrastructure.
Older homes in these suburbs are being quietly transformed, not just for profit, but to suit modern living standards for families looking to settle long-term.

Builders and tradespeople who are well-positioned to make the work profitable are currently dominating the renovation space. For everyday homeowners, the margins are much narrower but still worthwhile.

Those who take a measured approach can make the numbers add up. The key to success is to focus on changes that boost lifestyle appeal and marketability.

Here are five cosmetic renovations that will help to bring positive returns:

• Kitchen Refresh. Kitchens are one of the most used spaces in the home. Rather than gutting it completely, replace benchtops, cabinetry fronts and fixtures to give it a more contemporary look that will do wonders come resale time.
• Bathroom Update. New tiling, a floating vanity, fresh tapware, and modern lighting can elevate even the most outdated bathroom.
• Interior Paint. A fresh coat of paint in neutral tones instantly modernises a space and enhances natural light.
• New Flooring. Hybrid timber-look flooring or polished concrete appeals to today’s buyers and will add a sense of quality.
• Street Appeal. Repainting the exterior, replacing the front door, or adding modern fencing can dramatically boost kerb appeal and those all-important first impressions.

If you are an investor or owner-occupier looking to undertake a renovation project, view our latest listings today.