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.

22 Elizabeth Crescent

Sold 16 February 2026 · 0.60 km away

Sold for

$1,570,000

Adjusted to this home

$1,507,501

What we added and subtracted to make this sale comparable to 12 Magenta Drive
Land size	this home 640 m² · comparable 331 m²	+$155,242
Street	this home 0.0361 · comparable 0.15	−$143,058
Pool	this home 0 · comparable 1	−$109,831
Floor area	this home 299 m² · comparable 199 m²	+$79,680
Micro-location	this home 0.0215 · comparable 0.0807	−$74,355
Cladding	this home 3 · comparable 1	+$40,000
Year built	this home 2001 · comparable 2010	−$10,591
Distance to beach	this home 4.15 km · comparable 4.17 km	+$414
Net adjustment		−$62,499

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

5 Tourangeau Crescent

Sold 17 November 2025 · 0.21 km away

Sold for

$1,451,000

Adjusted to this home

$1,444,988

What we added and subtracted to make this sale comparable to 12 Magenta Drive
Land size	this home 640 m² · comparable 400 m²	+$120,576
Pool	this home 0 · comparable 1	−$109,831
Condition	this home 8 · comparable 9	−$87,060
Floor area	this home 299 m² · comparable 212.8 m²	+$68,684
Bedrooms	this home 4 · comparable 3	+$29,826
Micro-location	this home 0.0215 · comparable 0.033	−$13,349
Street	this home 0.0361 · comparable 0.0453	−$10,679
Distance to beach	this home 4.15 km · comparable 3.95 km	−$4,179
Net adjustment		−$6,012

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

14 Windemere Crescent

Sold 10 March 2026 · 0.08 km away

Sold for

$1,350,000

Adjusted to this home

$1,496,653

What we added and subtracted to make this sale comparable to 12 Magenta Drive
Water views	this home 0 · comparable 1	−$185,728
Floor area	this home 299 m² · comparable 123.36 m²	+$139,950
Land size	this home 640 m² · comparable 400 m²	+$120,576
Condition	this home 8 · comparable 7	+$54,000
Bedrooms	this home 4 · comparable 3	+$29,826
Micro-location	this home 0.0215 · comparable 0.0348	−$14,364
Street	this home 0.0361 · comparable 0.0323	+$4,104
Year built	this home 2001 · comparable 2002	−$1,177
Distance to beach	this home 4.15 km · comparable 4.12 km	−$534
Net adjustment		+$146,653

A further 9 factors were compared and found the same on both properties, so no money moved.

17 North Shore Avenue

Sold 22 April 2026 · 0.17 km away

Sold for

$1,685,000

Adjusted to this home

$1,482,380

What we added and subtracted to make this sale comparable to 12 Magenta Drive
Street	this home 0.0361 · comparable 0.1355	−$133,991
Land size	this home 640 m² · comparable 411 m²	+$115,050
Pool	this home 0 · comparable 1	−$109,831
Storeys	this home 1 · comparable 2	−$40,000
Cladding	this home 3 · comparable 1	+$40,000
Car spaces	this home 2 · comparable 3	−$32,000
Bedrooms	this home 4 · comparable 5	−$29,826
Bathrooms	this home 2 · comparable 3	−$16,650
Floor area	this home 299 m² · comparable 289.47 m²	+$7,594
Distance to beach	this home 4.15 km · comparable 3.99 km	−$3,640
Micro-location	this home 0.0215 · comparable 0.021	+$674
Net adjustment		−$202,620

A further 7 factors were compared and found the same on both properties, so no money moved.

13 Saint Paul Crescent

Sold 31 August 2026 · 1.11 km away

Sold for

$1,590,000

Adjusted to this home

$1,406,826

What we added and subtracted to make this sale comparable to 12 Magenta Drive
Micro-location	this home 0.0215 · comparable 0.15	−$163,452
Land size	this home 640 m² · comparable 449 m²	+$95,958
Condition	this home 8 · comparable 9	−$95,400
Floor area	this home 299 m² · comparable 241.24 m²	+$46,023
Storeys	this home 1 · comparable 2	−$40,000
Bedrooms	this home 4 · comparable 5	−$29,826
Distance to beach	this home 4.15 km · comparable 4.43 km	+$5,877
Year built	this home 2001 · comparable 2003	−$2,354
Net adjustment		−$183,174

A further 9 factors were compared and found the same on both properties, so no money moved.

16 South Bay Drive

Sold 9 July 2026 · 0.53 km away

Sold for

$1,250,000

Adjusted to this home

$1,334,721

What we added and subtracted to make this sale comparable to 12 Magenta Drive
Land size	this home 640 m² · comparable 188 m²	+$227,085
Water views	this home 0 · comparable 1	−$185,728
Floor area	this home 299 m² · comparable 156 m²	+$113,942
Storeys	this home 1 · comparable 2	−$40,000
Bedrooms	this home 4 · comparable 3	+$29,826
Street	this home 0.0361 · comparable 0.064	−$27,900
Micro-location	this home 0.0215 · comparable 0.0436	−$22,100
Cladding	this home 3 · comparable 2	+$20,000
Air conditioning	this home 0 · comparable 1	−$20,000
Year built	this home 2001 · comparable 2009	−$9,414
Distance to beach	this home 4.15 km · comparable 4.09 km	−$990
Net adjustment		+$84,721

A further 7 factors were compared and found the same on both properties, so no money moved.

8 Morea Court

Sold 27 August 2026 · 0.28 km away

Sold for

$1,230,000

Adjusted to this home

$1,405,489

What we added and subtracted to make this sale comparable to 12 Magenta Drive
Floor area	this home 299 m² · comparable 148.5 m²	+$119,918
Land size	this home 640 m² · comparable 473 m²	+$83,901
Car spaces	this home 2 · comparable 4	−$64,000
Condition	this home 8 · comparable 7	+$49,200
Micro-location	this home 0.0215 · comparable 0.0312	−$9,545
Distance to beach	this home 4.15 km · comparable 3.93 km	−$3,985
Net adjustment		+$175,489

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

28 Pristine Court

Sold 8 October 2026 · 0.83 km away

Sold for

$1,170,000

Adjusted to this home

$1,426,291

What we added and subtracted to make this sale comparable to 12 Magenta Drive
Floor area	this home 299 m² · comparable 141.71 m²	+$125,329
Land size	this home 640 m² · comparable 414 m²	+$113,542
Pool	this home 0 · comparable 1	−$109,831
Street	this home 0.0361 · comparable -0.0146	+$47,455
Condition	this home 8 · comparable 7	+$46,800
Bedrooms	this home 4 · comparable 3	+$29,826
Cladding	this home 3 · comparable 2	+$20,000
Distance to beach	this home 4.15 km · comparable 3.54 km	−$12,004
Micro-location	this home 0.0215 · comparable 0.0342	−$11,887
Year built	this home 2001 · comparable 1995	+$7,061
Net adjustment		+$256,291

A further 8 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 12 Magenta Drive 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 12 Magenta Drive 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 →

12 Magenta Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

22 Elizabeth Crescent

5 Tourangeau Crescent

14 Windemere Crescent

17 North Shore Avenue

13 Saint Paul Crescent

16 South Bay Drive

8 Morea Court

28 Pristine Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 12 Magenta Drive sit?