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.

6 Pristine Court

Sold 30 June 2026 · 0.91 km away

Sold for

$1,220,000

Adjusted to this home

$1,246,879

What we added and subtracted to make this sale comparable to 15 Magenta Drive
Street	this home 0.0361 · comparable -0.0146	+$49,483
Floor area	this home 123 m² · comparable 143.96 m²	−$16,701
Land size	this home 400 m² · comparable 426 m²	−$13,062
Distance to beach	this home 4.17 km · comparable 3.68 km	−$9,765
Micro-location	this home 0.0215 · comparable 0.0126	+$8,686
Year built	this home 2001 · comparable 1994	+$8,238
Net adjustment		+$26,879

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

14 Shorehaven Place

Sold 7 April 2026 · 0.33 km away

Sold for

$1,250,000

Adjusted to this home

$1,200,134

What we added and subtracted to make this sale comparable to 15 Magenta Drive
Pool	this home 0 · comparable 1	−$109,831
Street	this home 0.0361 · comparable -0.0236	+$59,700
Land size	this home 400 m² · comparable 329 m²	+$35,670
Floor area	this home 123 m² · comparable 155 m²	−$25,498
Distance to beach	this home 4.17 km · comparable 3.87 km	−$5,730
Micro-location	this home 0.0215 · comparable 0.0245	−$3,000
Year built	this home 2001 · comparable 2002	−$1,177
Net adjustment		−$49,866

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

11 Magenta Drive

Sold 23 February 2026 · 0.02 km away

Sold for

$1,290,000

Adjusted to this home

$1,280,097

What we added and subtracted to make this sale comparable to 15 Magenta Drive
Floor area	this home 123 m² · comparable 135 m²	−$9,562
Distance to beach	this home 4.17 km · comparable 4.15 km	−$341
Net adjustment		−$9,903

A further 15 factors were compared and found the same on both properties, so no money moved.

11 Grenada Court

Sold 12 June 2026 · 0.95 km away

Sold for

$1,350,000

Adjusted to this home

$1,294,107

What we added and subtracted to make this sale comparable to 15 Magenta Drive
Micro-location	this home 0.0215 · comparable 0.1321	−$119,448
Land size	this home 400 m² · comparable 295 m²	+$52,752
Distance to beach	this home 4.17 km · comparable 4.65 km	+$8,554
Floor area	this home 123 m² · comparable 118.7 m²	+$3,426
Year built	this home 2001 · comparable 2002	−$1,177
Net adjustment		−$55,893

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

31 Roundelay Drive

Sold 30 July 2026 · 1.02 km away

Sold for

$1,380,000

Adjusted to this home

$1,367,181

What we added and subtracted to make this sale comparable to 15 Magenta Drive
Street	this home 0.0361 · comparable -0.023	+$65,246
Bedrooms	this home 3 · comparable 4	−$29,826
Floor area	this home 123 m² · comparable 151.3 m²	−$22,550
Distance to beach	this home 4.17 km · comparable 3.59 km	−$13,281
Micro-location	this home 0.0215 · comparable 0.0311	−$10,598
Land size	this home 400 m² · comparable 420 m²	−$10,048
Year built	this home 2001 · comparable 1994	+$8,238
Net adjustment		−$12,819

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

4 Pascali Court

Sold 5 August 2026 · 0.90 km away

Sold for

$1,150,000

Adjusted to this home

$1,099,571

What we added and subtracted to make this sale comparable to 15 Magenta Drive
Pool	this home 0 · comparable 1	−$109,831
Street	this home 0.0361 · comparable -0.0364	+$66,700
Land size	this home 400 m² · comparable 423 m²	−$11,555
Distance to beach	this home 4.17 km · comparable 3.67 km	−$9,411
Micro-location	this home 0.0215 · comparable 0.0123	+$8,464
Year built	this home 2001 · comparable 1995	+$7,061
Floor area	this home 123 m² · comparable 125.33 m²	−$1,857
Net adjustment		−$50,429

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

28 Pristine Court

Sold 8 October 2026 · 0.89 km away

Sold for

$1,170,000

Adjusted to this home

$1,068,543

What we added and subtracted to make this sale comparable to 15 Magenta Drive
Pool	this home 0 · comparable 1	−$109,831
Street	this home 0.0361 · comparable -0.0146	+$47,455
Floor area	this home 123 m² · comparable 141.71 m²	−$14,908
Distance to beach	this home 4.17 km · comparable 3.54 km	−$12,313
Micro-location	this home 0.0215 · comparable 0.0342	−$11,887
Year built	this home 2001 · comparable 1995	+$7,061
Land size	this home 400 m² · comparable 414 m²	−$7,034
Net adjustment		−$101,457

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

8 Duxton Dr

Sold 20 May 2026 · 0.12 km away

Sold for

$1,468,000

Adjusted to this home

$1,313,458

What we added and subtracted to make this sale comparable to 15 Magenta Drive
Land size	this home 400 m² · comparable 500 m²	−$50,240
Floor area	this home 123 m² · comparable 185.4 m²	−$49,720
Bedrooms	this home 3 · comparable 4	−$29,826
Cladding	this home 2 · comparable 3	−$20,000
Micro-location	this home 0.0215 · comparable 0.0239	−$2,818
Distance to beach	this home 4.17 km · comparable 4.07 km	−$1,938
Net adjustment		−$154,542

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 15 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 15 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 →

15 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

6 Pristine Court

14 Shorehaven Place

11 Magenta Drive

11 Grenada Court

31 Roundelay Drive

4 Pascali Court

28 Pristine Court

8 Duxton Dr

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 15 Magenta Drive sit?