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.

41 Gerona Circuit

Sold 26 May 2026 · 0.22 km away

Sold for

$1,410,000

Adjusted to this home

$1,360,424

What we added and subtracted to make this sale comparable to 16 Palma Crescent
Land size	this home 350 m² · comparable 586 m²	−$103,840
Condition	this home 8 · comparable 7	+$56,400
Bedrooms	this home 3 · comparable 4	−$56,277
Floor area	this home 209 m² · comparable 174 m²	+$43,036
Micro-location	this home 0.1018 · comparable 0.0822	+$22,109
Street	this home 0.0399 · comparable 0.0518	−$13,423
Distance to beach	this home 5.02 km · comparable 5.15 km	+$2,419
Net adjustment		−$49,576

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

39 Brier Crescent

Sold 16 May 2026 · 0.90 km away

Sold for

$1,302,000

Adjusted to this home

$1,319,835

What we added and subtracted to make this sale comparable to 16 Palma Crescent
Land size	this home 350 m² · comparable 708 m²	−$157,520
Micro-location	this home 0.1018 · comparable 0.0157	+$89,682
Floor area	this home 209 m² · comparable 141 m²	+$83,613
Street	this home 0.0399 · comparable -0.0225	+$64,996
Year built	this home 2003 · comparable 2013	−$41,992
Car spaces	this home 2 · comparable 3	−$36,736
Cladding	this home 3 · comparable 1	+$27,307
Distance to beach	this home 5.02 km · comparable 4.35 km	−$11,515
Net adjustment		+$17,835

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

40 Gerona Circuit

Sold 26 May 2026 · 0.12 km away

Sold for

$1,410,000

Adjusted to this home

$1,329,501

What we added and subtracted to make this sale comparable to 16 Palma Crescent
Pool	this home 0 · comparable 1	−$79,667
Condition	this home 8 · comparable 7	+$56,400
Bedrooms	this home 3 · comparable 4	−$56,277
Floor area	this home 209 m² · comparable 188 m²	+$25,822
Land size	this home 350 m² · comparable 400 m²	−$22,000
Street	this home 0.0399 · comparable 0.0518	−$13,423
Micro-location	this home 0.1018 · comparable 0.0943	+$8,460
Distance to beach	this home 5.02 km · comparable 5.03 km	+$186
Net adjustment		−$80,499

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

3 Avellino Drive

Sold 19 January 2026 · 0.76 km away

Sold for

$1,350,000

Adjusted to this home

$1,340,441

What we added and subtracted to make this sale comparable to 16 Palma Crescent
Bedrooms	this home 3 · comparable 4	−$56,277
Condition	this home 8 · comparable 7	+$54,000
Micro-location	this home 0.1018 · comparable 0.1354	−$36,288
Floor area	this home 209 m² · comparable 181 m²	+$34,429
Distance to beach	this home 5.02 km · comparable 4.48 km	−$9,622
Year built	this home 2003 · comparable 2002	+$4,199
Net adjustment		−$9,559

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

5 Palma Crescent

Sold 27 March 2026 · 0.09 km away

Sold for

$1,395,000

Adjusted to this home

$1,284,012

What we added and subtracted to make this sale comparable to 16 Palma Crescent
Water views	this home 0 · comparable 1	−$117,519
Bedrooms	this home 3 · comparable 4	−$56,277
Floor area	this home 209 m² · comparable 172.46 m²	+$44,930
Micro-location	this home 0.1018 · comparable 0.0871	+$16,405
Distance to beach	this home 5.02 km · comparable 5.1 km	+$1,473
Net adjustment		−$110,988

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

9 Gainsborough Drive

Sold 14 September 2026 · 1.22 km away

Sold for

$1,400,000

Adjusted to this home

$1,478,051

What we added and subtracted to make this sale comparable to 16 Palma Crescent
Micro-location	this home 0.1018 · comparable 0.0223	+$89,040
Pool	this home 0 · comparable 1	−$79,667
Floor area	this home 209 m² · comparable 145 m²	+$78,694
Year built	this home 2003 · comparable 1995	+$33,594
Land size	this home 350 m² · comparable 405 m²	−$24,200
Distance to beach	this home 5.02 km · comparable 3.92 km	−$20,866
Street	this home 0.0399 · comparable 0.0386	+$1,456
Net adjustment		+$78,051

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

49 Lantau Crescent

Sold 21 January 2026 · 0.27 km away

Sold for

$1,475,000

Adjusted to this home

$1,351,311

What we added and subtracted to make this sale comparable to 16 Palma Crescent
Condition	this home 8 · comparable 9	−$88,500
Pool	this home 0 · comparable 1	−$79,667
Bedrooms	this home 3 · comparable 4	−$56,277
Street	this home 0.0399 · comparable -0.0071	+$55,460
Floor area	this home 209 m² · comparable 176.74 m²	+$39,667
Micro-location	this home 0.1018 · comparable 0.0831	+$22,066
Land size	this home 350 m² · comparable 400 m²	−$22,000
Year built	this home 2003 · comparable 2002	+$4,199
Distance to beach	this home 5.02 km · comparable 5.09 km	+$1,363
Net adjustment		−$123,689

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

13 Acklin Court

Sold 2 September 2026 · 0.90 km away

Sold for

$1,110,000

Adjusted to this home

$1,223,884

What we added and subtracted to make this sale comparable to 16 Palma Crescent
Floor area	this home 209 m² · comparable 137 m²	+$88,531
Condition	this home 8 · comparable 7	+$44,400
Distance to beach	this home 5.02 km · comparable 4.16 km	−$12,601
Land size	this home 350 m² · comparable 375 m²	−$11,000
Year built	this home 2003 · comparable 2002	+$4,199
Micro-location	this home 0.1018 · comparable 0.1014	+$355
Net adjustment		+$113,884

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.

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 16 Palma Crescent 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 Palma Crescent 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 →

16 Palma Crescent

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

41 Gerona Circuit

39 Brier Crescent

40 Gerona Circuit

3 Avellino Drive

5 Palma Crescent

9 Gainsborough Drive

49 Lantau Crescent

13 Acklin Court

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