16 Nisbet Place, Merrimac — Off-Market Report

The 8 sales behind that range — and every adjustment

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.

5 Felix Court

Sold 27 April 2026 · 0.85 km away

Sold for

$1,330,000

Adjusted to this home

$1,346,387

What we added and subtracted to make this sale comparable to 16 Nisbet Place
Street	this home 0.15 · comparable 0.005	+$154,280
Car spaces	this home 2 · comparable 4	−$107,726
Floor area	this home 130 m² · comparable 181.6 m²	−$82,560
Land size	this home 929 m² · comparable 487 m²	+$67,538
Bedrooms	this home 3 · comparable 4	−$63,461
Pool	this home 1 · comparable 0	+$52,000
Year built	this home 1994 · comparable 2002	−$13,069
Micro-location	this home 0.0504 · comparable 0.0405	+$10,534
Distance to beach	this home 8.75 km · comparable 7.92 km	−$1,149
Net adjustment		+$16,387

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

18 Nisbet Place

Sold 14 January 2026 · 0.03 km away

Sold for

$1,215,000

Adjusted to this home

$1,311,457

What we added and subtracted to make this sale comparable to 16 Nisbet Place
Pool	this home 1 · comparable 0	+$52,000
Floor area	this home 130 m² · comparable 110.21 m²	+$31,664
Land size	this home 929 m² · comparable 858 m²	+$10,849
Micro-location	this home 0.0504 · comparable 0.0484	+$1,944
Net adjustment		+$96,457

A further 13 factors were compared and found the same on both properties, so no money moved.

2 Mull Court

Sold 25 January 2026 · 0.35 km away

Sold for

$1,310,000

Adjusted to this home

$1,278,099

What we added and subtracted to make this sale comparable to 16 Nisbet Place
Bedrooms	this home 3 · comparable 4	−$63,461
Pool	this home 1 · comparable 0	+$52,000
Floor area	this home 130 m² · comparable 160 m²	−$48,000
Land size	this home 929 m² · comparable 763 m²	+$25,365
Street	this home 0.15 · comparable 0.1341	+$16,663
Cladding	this home 2 · comparable 3	−$14,400
Micro-location	this home 0.0504 · comparable 0.0567	−$6,602
Year built	this home 1994 · comparable 1990	+$6,534
Net adjustment		−$31,901

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

32 Merridown Drive

Sold 30 October 2025 · 0.48 km away

Sold for

$1,335,000

Adjusted to this home

$1,216,568

What we added and subtracted to make this sale comparable to 16 Nisbet Place
Micro-location	this home 0.0504 · comparable 0.1209	−$75,294
Bedrooms	this home 3 · comparable 4	−$63,461
Floor area	this home 130 m² · comparable 150.13 m²	−$32,208
Land size	this home 929 m² · comparable 741 m²	+$28,726
Street	this home 0.15 · comparable 0.1323	+$18,904
Year built	this home 1994 · comparable 1991	+$4,901
Net adjustment		−$118,432

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

3 Fairbank Court

Sold 7 August 2026 · 1.32 km away

Sold for

$1,055,000

Adjusted to this home

$1,308,200

What we added and subtracted to make this sale comparable to 16 Nisbet Place
Street	this home 0.15 · comparable -0.0568	+$146,328
Land size	this home 929 m² · comparable 331 m²	+$76,606
Pool	this home 1 · comparable 0	+$43,595
Cladding	this home 2 · comparable 3	−$12,073
Year built	this home 1994 · comparable 1999	−$6,848
Floor area	this home 130 m² · comparable 126 m²	+$5,366
Micro-location	this home 0.0504 · comparable 0.0436	+$4,811
Distance to beach	this home 8.75 km · comparable 7.52 km	−$4,585
Net adjustment		+$253,200

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

14 Griffon Street

Sold 10 March 2026 · 0.83 km away

Sold for

$1,218,000

Adjusted to this home

$1,396,385

What we added and subtracted to make this sale comparable to 16 Nisbet Place
Street	this home 0.15 · comparable 0.0335	+$113,518
Floor area	this home 130 m² · comparable 180 m²	−$80,000
Land size	this home 929 m² · comparable 411 m²	+$79,150
Pool	this home 1 · comparable 0	+$52,000
Micro-location	this home 0.0504 · comparable 0.0274	+$22,411
Year built	this home 1994 · comparable 1999	−$8,168
Distance to beach	this home 8.75 km · comparable 7.96 km	−$526
Net adjustment		+$178,385

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

3 Cabot Court

Sold 20 April 2026 · 1.07 km away

Sold for

$1,000,000

Adjusted to this home

$1,240,000

What we added and subtracted to make this sale comparable to 16 Nisbet Place
Street	this home 0.15 · comparable -0.0193	+$82,596
Land size	this home 929 m² · comparable 400 m²	+$49,294
Floor area	this home 130 m² · comparable 93 m²	+$36,102
Car spaces	this home 2 · comparable 1	+$32,848
Pool	this home 1 · comparable 0	+$31,711
Year built	this home 1994 · comparable 1990	+$3,985
Micro-location	this home 0.0504 · comparable 0.0433	+$3,464
Net adjustment		+$240,000

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

4 Scotia Place

Sold 12 May 2026 · 0.70 km away

Sold for

$1,085,000

Adjusted to this home

$1,345,399

What we added and subtracted to make this sale comparable to 16 Nisbet Place
Street	this home 0.15 · comparable -0.0364	+$96,333
Land size	this home 929 m² · comparable 404 m²	+$47,763
Micro-location	this home 0.0504 · comparable -0.0195	+$36,125
Car spaces	this home 2 · comparable 1	+$32,070
Pool	this home 1 · comparable 0	+$30,961
Floor area	this home 130 m² · comparable 112 m²	+$17,147
Net adjustment		+$260,399

A further 11 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.

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 16 Nisbet 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 16 Nisbet Place over the past 18 months, compared it with Merrimac’s wider market, and examined the indicators most likely to reveal what happens next.

16 Nisbet Place

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The 8 sales behind that range — and every adjustment

5 Felix Court

18 Nisbet Place

2 Mull Court

32 Merridown Drive

3 Fairbank Court

14 Griffon Street

3 Cabot Court

4 Scotia Place

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 16 Nisbet Place sit?

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