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.

40 Gerona Circuit

Sold 26 May 2026 · 0.42 km away

Sold for

$1,410,000

Adjusted to this home

$1,491,794

What we added and subtracted to make this sale comparable to 123 Bayswater Avenue
Street	this home 0.15 · comparable 0.0518	+$110,770
Pool	this home 0 · comparable 1	−$91,597
Condition	this home 8 · comparable 7	+$56,400
Micro-location	this home 0.0829 · comparable 0.0943	−$12,859
Year built	this home 2006 · comparable 2003	+$11,969
Land size	this home 906 m² · comparable 400 m²	+$9,310
Distance to beach	this home 5.09 km · comparable 5.03 km	−$1,117
Floor area	this home 187 m² · comparable 188 m²	−$1,082
Net adjustment		+$81,794

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

5 Palma Crescent

Sold 27 March 2026 · 0.34 km away

Sold for

$1,395,000

Adjusted to this home

$1,422,834

What we added and subtracted to make this sale comparable to 123 Bayswater Avenue
Water views	this home 0 · comparable 1	−$128,460
Street	this home 0.15 · comparable 0.0399	+$122,872
Floor area	this home 187 m² · comparable 172.46 m²	+$15,726
Year built	this home 2006 · comparable 2003	+$11,969
Land size	this home 906 m² · comparable 350 m²	+$10,230
Micro-location	this home 0.0829 · comparable 0.0871	−$4,687
Distance to beach	this home 5.09 km · comparable 5.1 km	+$184
Net adjustment		+$27,834

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

11 Grenada Court

Sold 12 June 2026 · 0.94 km away

Sold for

$1,350,000

Adjusted to this home

$1,477,545

What we added and subtracted to make this sale comparable to 123 Bayswater Avenue
Floor area	this home 187 m² · comparable 118.7 m²	+$73,874
Bedrooms	this home 4 · comparable 3	+$67,609
Micro-location	this home 0.0829 · comparable 0.1321	−$53,136
Cladding	this home 3 · comparable 2	+$19,839
Year built	this home 2006 · comparable 2002	+$15,958
Land size	this home 906 m² · comparable 295 m²	+$11,242
Distance to beach	this home 5.09 km · comparable 4.65 km	−$7,841
Net adjustment		+$127,545

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

49 Lantau Crescent

Sold 21 January 2026 · 0.56 km away

Sold for

$1,475,000

Adjusted to this home

$1,516,411

What we added and subtracted to make this sale comparable to 123 Bayswater Avenue
Street	this home 0.15 · comparable -0.0071	+$185,378
Pool	this home 0 · comparable 1	−$91,597
Condition	this home 8 · comparable 9	−$88,500
Year built	this home 2006 · comparable 2002	+$15,958
Floor area	this home 187 m² · comparable 176.74 m²	+$11,098
Land size	this home 906 m² · comparable 400 m²	+$9,310
Micro-location	this home 0.0829 · comparable 0.0831	−$236
Net adjustment		+$41,411

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

22 Elizabeth Crescent

Sold 16 February 2026 · 1.31 km away

Sold for

$1,570,000

Adjusted to this home

$1,483,421

What we added and subtracted to make this sale comparable to 123 Bayswater Avenue
Pool	this home 0 · comparable 1	−$91,597
Cladding	this home 3 · comparable 1	+$39,678
Distance to beach	this home 5.09 km · comparable 4.17 km	−$19,066
Year built	this home 2006 · comparable 2010	−$15,958
Floor area	this home 187 m² · comparable 199 m²	−$12,979
Land size	this home 906 m² · comparable 331 m²	+$10,580
Micro-location	this home 0.0829 · comparable 0.0807	+$2,763
Net adjustment		−$86,579

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 · 1.41 km away

Sold for

$1,250,000

Adjusted to this home

$1,265,609

What we added and subtracted to make this sale comparable to 123 Bayswater Avenue
Water views	this home 0 · comparable 1	−$128,460
Street	this home 0.15 · comparable 0.064	+$86,000
Bedrooms	this home 4 · comparable 3	+$67,609
Storeys	this home 1 · comparable 2	−$66,951
Micro-location	this home 0.0829 · comparable 0.0436	+$39,300
Floor area	this home 187 m² · comparable 156 m²	+$33,530
Air conditioning	this home 0 · comparable 1	−$20,000
Cladding	this home 3 · comparable 2	+$19,839
Distance to beach	this home 5.09 km · comparable 4.09 km	−$16,500
Land size	this home 906 m² · comparable 188 m²	+$13,211
Year built	this home 2006 · comparable 2009	−$11,969
Net adjustment		+$15,609

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

16 Marciana Crescent

Sold 31 July 2026 · 0.59 km away

Sold for

$1,225,000

Adjusted to this home

$1,450,641

What we added and subtracted to make this sale comparable to 123 Bayswater Avenue
Street	this home 0.15 · comparable 0.0317	+$74,281
Condition	this home 8 · comparable 6	+$62,790
Bedrooms	this home 4 · comparable 3	+$43,318
Floor area	this home 187 m² · comparable 147 m²	+$27,720
Cladding	this home 3 · comparable 2	+$12,711
Micro-location	this home 0.0829 · comparable 0.0998	−$10,611
Year built	this home 2006 · comparable 2002	+$10,225
Land size	this home 906 m² · comparable 350 m²	+$6,554
Distance to beach	this home 5.09 km · comparable 4.96 km	−$1,347
Net adjustment		+$225,641

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

56 Southlake Drive

Sold 21 July 2026 · 1.36 km away

Sold for

$1,660,000

Adjusted to this home

$1,684,711

What we added and subtracted to make this sale comparable to 123 Bayswater Avenue
Street	this home 0.15 · comparable 0.0515	+$130,808
Condition	this home 8 · comparable 9	−$99,600
Pool	this home 0 · comparable 1	−$91,597
Floor area	this home 187 m² · comparable 133 m²	+$58,406
Year built	this home 2006 · comparable 1993	+$51,865
Micro-location	this home 0.0829 · comparable 0.0447	+$50,730
Car spaces	this home 2 · comparable 3	−$33,568
Distance to beach	this home 5.09 km · comparable 3.76 km	−$31,055
Air conditioning	this home 0 · comparable 1	−$20,000
Land size	this home 906 m² · comparable 432 m²	+$8,722
Net adjustment		+$24,711

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 123 Bayswater Avenue 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 123 Bayswater Avenue 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 →

123 Bayswater Avenue

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

40 Gerona Circuit

5 Palma Crescent

11 Grenada Court

49 Lantau Crescent

22 Elizabeth Crescent

16 South Bay Drive

16 Marciana Crescent

56 Southlake Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 123 Bayswater Avenue sit?