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.

45 North Shore Avenue

Sold 22 April 2026 · 0.09 km away

Sold for

$1,700,000

Adjusted to this home

$1,538,180

What we added and subtracted to make this sale comparable to 12 Morea Court
Condition	this home 8 · comparable 9	−$102,000
Land size	this home 534 m² · comparable 637 m²	−$53,972
Micro-location	this home 0.031 · comparable 0.0333	−$3,128
Year built	this home 2001 · comparable 2002	−$2,864
Distance to beach	this home 3.96 km · comparable 3.99 km	+$918
Floor area	this home 187 m² · comparable 188 m²	−$774
Net adjustment		−$161,820

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

77 Southlake Drive

Sold 20 November 2025 · 0.84 km away

Sold for

$1,505,000

Adjusted to this home

$1,499,596

What we added and subtracted to make this sale comparable to 12 Morea Court
Water views	this home 0 · comparable 1	−$158,938
Car spaces	this home 4 · comparable 1	+$96,000
Condition	this home 8 · comparable 9	−$90,300
Pool	this home 1 · comparable 0	+$64,000
Floor area	this home 187 m² · comparable 113.49 m²	+$56,867
Land size	this home 534 m² · comparable 600 m²	−$34,584
Bedrooms	this home 4 · comparable 3	+$31,822
Year built	this home 2001 · comparable 1993	+$22,912
Cladding	this home 3 · comparable 2	+$20,000
Micro-location	this home 0.031 · comparable 0.0379	−$8,307
Distance to beach	this home 3.96 km · comparable 3.78 km	−$4,876
Net adjustment		−$5,404

A further 6 factors were compared and found the same on both properties, so no money moved.

17 North Shore Avenue

Sold 22 April 2026 · 0.27 km away

Sold for

$1,685,000

Adjusted to this home

$1,682,005

What we added and subtracted to make this sale comparable to 12 Morea Court
Floor area	this home 187 m² · comparable 289.47 m²	−$79,270
Land size	this home 534 m² · comparable 411 m²	+$64,452
Storeys	this home 1 · comparable 2	−$40,000
Cladding	this home 3 · comparable 1	+$40,000
Car spaces	this home 4 · comparable 3	+$32,000
Bedrooms	this home 4 · comparable 5	−$31,822
Micro-location	this home 0.031 · comparable 0.021	+$13,480
Bathrooms	this home 2 · comparable 3	−$2,745
Distance to beach	this home 3.96 km · comparable 3.99 km	+$910
Net adjustment		−$2,995

A further 8 factors were compared and found the same on both properties, so no money moved.

5 Tourangeau Crescent

Sold 17 November 2025 · 0.12 km away

Sold for

$1,451,000

Adjusted to this home

$1,507,436

What we added and subtracted to make this sale comparable to 12 Morea Court
Condition	this home 8 · comparable 9	−$87,060
Land size	this home 534 m² · comparable 400 m²	+$70,216
Car spaces	this home 4 · comparable 2	+$64,000
Bedrooms	this home 4 · comparable 3	+$31,822
Floor area	this home 187 m² · comparable 212.8 m²	−$19,959
Micro-location	this home 0.031 · comparable 0.033	−$2,322
Distance to beach	this home 3.96 km · comparable 3.95 km	−$261
Net adjustment		+$56,436

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

14 Windemere Crescent

Sold 10 March 2026 · 0.20 km away

Sold for

$1,350,000

Adjusted to this home

$1,520,474

What we added and subtracted to make this sale comparable to 12 Morea Court
Water views	this home 0 · comparable 1	−$158,938
Land size	this home 534 m² · comparable 400 m²	+$70,216
Car spaces	this home 4 · comparable 2	+$64,000
Pool	this home 1 · comparable 0	+$64,000
Condition	this home 8 · comparable 7	+$54,000
Floor area	this home 187 m² · comparable 123.36 m²	+$49,232
Bedrooms	this home 4 · comparable 3	+$31,822
Micro-location	this home 0.031 · comparable 0.0348	−$4,104
Distance to beach	this home 3.96 km · comparable 4.12 km	+$3,110
Year built	this home 2001 · comparable 2002	−$2,864
Net adjustment		+$170,474

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

8 Morea Court

Sold 27 August 2026 · 0.03 km away

Sold for

$1,230,000

Adjusted to this home

$1,404,087

What we added and subtracted to make this sale comparable to 12 Morea Court
Pool	this home 1 · comparable 0	+$64,000
Condition	this home 8 · comparable 7	+$49,200
Land size	this home 534 m² · comparable 473 m²	+$31,964
Floor area	this home 187 m² · comparable 148.5 m²	+$29,784
Distance to beach	this home 3.96 km · comparable 3.93 km	−$664
Micro-location	this home 0.031 · comparable 0.0312	−$197
Net adjustment		+$174,087

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

16 South Bay Drive

Sold 9 July 2026 · 0.34 km away

Sold for

$1,250,000

Adjusted to this home

$1,383,043

What we added and subtracted to make this sale comparable to 12 Morea Court
Land size	this home 534 m² · comparable 188 m²	+$181,304
Water views	this home 0 · comparable 1	−$158,938
Car spaces	this home 4 · comparable 2	+$64,000
Pool	this home 1 · comparable 0	+$64,000
Storeys	this home 1 · comparable 2	−$40,000
Bedrooms	this home 4 · comparable 3	+$31,822
Floor area	this home 187 m² · comparable 156 m²	+$23,982
Year built	this home 2001 · comparable 2009	−$22,912
Cladding	this home 3 · comparable 2	+$20,000
Air conditioning	this home 0 · comparable 1	−$20,000
Micro-location	this home 0.031 · comparable 0.0436	−$12,600
Distance to beach	this home 3.96 km · comparable 4.09 km	+$2,385
Net adjustment		+$133,043

A further 5 factors were compared and found the same on both properties, so no money moved.

56 Southlake Drive

Sold 21 July 2026 · 0.90 km away

Sold for

$1,660,000

Adjusted to this home

$1,666,364

What we added and subtracted to make this sale comparable to 12 Morea Court
Condition	this home 8 · comparable 9	−$99,600
Land size	this home 534 m² · comparable 432 m²	+$53,448
Floor area	this home 187 m² · comparable 133 m²	+$41,774
Car spaces	this home 4 · comparable 3	+$32,000
Year built	this home 2001 · comparable 1993	+$22,912
Air conditioning	this home 0 · comparable 1	−$20,000
Micro-location	this home 0.031 · comparable 0.0447	−$18,194
Distance to beach	this home 3.96 km · comparable 3.76 km	−$5,976
Net adjustment		+$6,364

A further 9 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 Morea Court 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 Morea Court 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

16 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 Morea Court

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

45 North Shore Avenue

77 Southlake Drive

17 North Shore Avenue

5 Tourangeau Crescent

14 Windemere Crescent

8 Morea Court

16 South Bay Drive

56 Southlake Drive

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