A sale down the road is not evidence until it is adjusted for how it differs from this home. Here is each sale we used, what we changed, and by how much.

11 Grenada Court

Sold 12 June 2026 · 0.75 km away

Sold for

$1,350,000

Adjusted to this home

$1,295,470

What we added and subtracted to make this sale comparable to 1 Rafael Place
Micro-location	this home 0.014 · comparable 0.1321	−$127,548
Land size	this home 400 m² · comparable 295 m²	+$55,104
Bedrooms	this home 4 · comparable 3	+$14,890
Floor area	this home 129 m² · comparable 118.7 m²	+$8,141
Year built	this home 2001 · comparable 2002	−$2,800
Distance to beach	this home 4.78 km · comparable 4.65 km	−$2,317
Net adjustment		−$54,530

A further 10 factors were compared and found the same on both properties, so no money moved.

11 Magenta Drive

Sold 23 February 2026 · 0.65 km away

Sold for

$1,290,000

Adjusted to this home

$1,281,680

What we added and subtracted to make this sale comparable to 1 Rafael Place
Bedrooms	this home 4 · comparable 3	+$14,890
Distance to beach	this home 4.78 km · comparable 4.15 km	−$10,728
Micro-location	this home 0.014 · comparable 0.0215	−$7,740
Floor area	this home 129 m² · comparable 135 m²	−$4,742
Net adjustment		−$8,320

A further 12 factors were compared and found the same on both properties, so no money moved.

14 Shorehaven Place

Sold 7 April 2026 · 0.92 km away

Sold for

$1,250,000

Adjusted to this home

$1,252,506

What we added and subtracted to make this sale comparable to 1 Rafael Place
Land size	this home 400 m² · comparable 329 m²	+$37,261
Floor area	this home 129 m² · comparable 155 m²	−$20,550
Distance to beach	this home 4.78 km · comparable 3.87 km	−$15,795
Bedrooms	this home 4 · comparable 3	+$14,890
Micro-location	this home 0.014 · comparable 0.0245	−$10,500
Year built	this home 2001 · comparable 2002	−$2,800
Net adjustment		+$2,506

A further 10 factors were compared and found the same on both properties, so no money moved.

21 Pascali Court

Sold 4 March 2026 · 1.31 km away

Sold for

$1,300,000

Adjusted to this home

$1,304,189

What we added and subtracted to make this sale comparable to 1 Rafael Place
Distance to beach	this home 4.78 km · comparable 3.59 km	−$22,978
Year built	this home 2001 · comparable 1995	+$16,800
Bedrooms	this home 4 · comparable 3	+$14,890
Land size	this home 400 m² · comparable 415 m²	−$7,872
Floor area	this home 129 m² · comparable 122 m²	+$5,533
Micro-location	this home 0.014 · comparable 0.0161	−$2,184
Net adjustment		+$4,189

A further 10 factors were compared and found the same on both properties, so no money moved.

6 Pristine Court

Sold 30 June 2026 · 1.30 km away

Sold for

$1,220,000

Adjusted to this home

$1,210,799

What we added and subtracted to make this sale comparable to 1 Rafael Place
Year built	this home 2001 · comparable 1994	+$19,600
Distance to beach	this home 4.78 km · comparable 3.68 km	−$19,588
Bedrooms	this home 4 · comparable 3	+$14,890
Land size	this home 400 m² · comparable 426 m²	−$13,645
Floor area	this home 129 m² · comparable 143.96 m²	−$11,824
Micro-location	this home 0.014 · comparable 0.0126	+$1,366
Net adjustment		−$9,201

A further 10 factors were compared and found the same on both properties, so no money moved.

4 Pascali Court

Sold 5 August 2026 · 1.30 km away

Sold for

$1,150,000

Adjusted to this home

$1,155,414

What we added and subtracted to make this sale comparable to 1 Rafael Place
Distance to beach	this home 4.78 km · comparable 3.67 km	−$18,671
Year built	this home 2001 · comparable 1995	+$16,800
Bedrooms	this home 4 · comparable 3	+$14,890
Land size	this home 400 m² · comparable 423 m²	−$12,070
Floor area	this home 129 m² · comparable 125.33 m²	+$2,901
Micro-location	this home 0.014 · comparable 0.0123	+$1,564
Net adjustment		+$5,414

A further 10 factors were compared and found the same on both properties, so no money moved.

8 Duxton Dr

Sold 20 May 2026 · 0.74 km away

Sold for

$1,468,000

Adjusted to this home

$1,325,558

What we added and subtracted to make this sale comparable to 1 Rafael Place
Land size	this home 400 m² · comparable 500 m²	−$52,480
Floor area	this home 129 m² · comparable 185.4 m²	−$44,578
Cladding	this home 2 · comparable 3	−$20,000
Distance to beach	this home 4.78 km · comparable 4.07 km	−$13,758
Micro-location	this home 0.014 · comparable 0.0239	−$11,626
Net adjustment		−$142,442

A further 11 factors were compared and found the same on both properties, so no money moved.

22 Mapleton Circuit

Sold 1 June 2026 · 0.51 km away

Sold for

$1,500,000

Adjusted to this home

$1,298,376

What we added and subtracted to make this sale comparable to 1 Rafael Place
Land size	this home 400 m² · comparable 640 m²	−$125,952
Floor area	this home 129 m² · comparable 213.39 m²	−$66,702
Bedrooms	this home 4 · comparable 3	+$14,890
Micro-location	this home 0.014 · comparable 0.0233	−$11,160
Distance to beach	this home 4.78 km · comparable 4.28 km	−$9,900
Year built	this home 2001 · comparable 2002	−$2,800
Net adjustment		−$201,624

A further 10 factors were compared and found the same on both properties, so no money moved.

We are not claiming to be more accurate than anyone else. We are showing you the sales, the adjustments and the band they produce, so you can judge the number yourself.

Will Simpson, Fields Real Estate — Will SimpsonFields Real Estate

Your market update

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 1 Rafael Place sit?

Gold Coast homes listed for 60 to 180 days rose from 1,288 in March to 2,618 in August (SQM Research). A rising count of homes sitting unsold has historically been associated with downward pressure on asking prices.

But property markets do not move as one—and neither do individual homes.

We traced the estimated value of 1 Rafael Place over the past 18 months, compared it with Varsity Lakes’s wider market, and examined the indicators most likely to reveal what happens next.

Market intelligence

7 reports

Varsity Lakes

Should I Sell Now?

Absorption Rate: 2.2 months

Varsity Lakes

Is Now a Good Time to Buy?

12-Month Median Sale Price: $1,400,000 (90% CI $1,357,500 to $1,445,000; n=130)

Varsity Lakes

Crash Risk

12-Month Median Price (Varsity Lakes): $1,400,000 (90% CI $1,357,500–$1,445,000, n=130)

Varsity Lakes

Market Overview

12-Month Median Sale Price: $1,400,000 (90% CI $1,357,500 to $1,445,000; n=130)

Varsity Lakes

Houses vs Units

Asking Price Spread, Houses Vs Units: $521,294 ($1,442,508 houses vs $921,214 units, as at 2026-09-25)

Varsity Lakes

Market Direction

12-Month Median Price: $1,400,000 (90% CI $1,357,500 to $1,445,000, n=130)

Varsity Lakes

Suburb Comparison

12-Month Median Price: $1,400,000 (90% CI $1,357,500 to $1,445,000, n=130)

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Reports for this address

Valuation Report

The full comparable-sales assessment for this home — the evidence, adjustment grid and reconciliation behind the range. The same report you can open above.

Property Positioning Report

The document we prepare before a home goes to market — valuation evidence, comparables and market position, with a cover prepared for this address.

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Market Update Report

The recent nearby sales adjusted to this home, weighed against the national headlines — the same report you can open above.

Why I built Fields

Will Simpson · 84 seconds

If you sold today

18 houses are already on the market in Varsity Lakes.

See the homes buyers can choose from — and the market your home would enter.

See houses for sale in Varsity Lakes →See the Varsity Lakes property market →

1 Rafael Place

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

11 Grenada Court

11 Magenta Drive

14 Shorehaven Place

21 Pascali Court

6 Pristine Court

4 Pascali Court

8 Duxton Dr

22 Mapleton Circuit

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 1 Rafael Place sit?