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.

1/9 Magenta Drive

Sold 19 May 2026 · 0.56 km away

Sold for

$1,092,000

Adjusted to this home

$1,119,901

What we added and subtracted to make this sale comparable to 17/5 Assembly Drive
Land size	this home 195 m² · comparable 80 m²	+$50,600
Bedrooms	this home 3 · comparable 4	−$35,069
Floor area	this home 150 m² · comparable 136.5 m²	+$18,706
Micro-location	this home 0.0127 · comparable 0.0328	−$17,559
Distance to beach	this home 3.59 km · comparable 4.14 km	+$10,077
Year built	this home 2002 · comparable 2001	+$1,146
Net adjustment		+$27,901

A further 12 factors were compared and found the same on both properties, so no money moved.

6/13 Ranier Crescent

Sold 25 January 2026 · 1.13 km away

Sold for

$1,250,000

Adjusted to this home

$1,146,852

What we added and subtracted to make this sale comparable to 17/5 Assembly Drive
Condition	this home 7 · comparable 9	−$125,000
Land size	this home 195 m² · comparable 96 m²	+$43,560
Bedrooms	this home 3 · comparable 4	−$35,069
Distance to beach	this home 3.59 km · comparable 4.7 km	+$20,775
Floor area	this home 150 m² · comparable 158.82 m²	−$12,221
Micro-location	this home 0.0127 · comparable 0.0056	+$7,100
Year built	this home 2002 · comparable 2004	−$2,293
Net adjustment		−$103,148

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

2/6 Comore Drive

Sold 12 February 2026 · 1.28 km away

Sold for

$1,275,000

Adjusted to this home

$1,112,222

What we added and subtracted to make this sale comparable to 17/5 Assembly Drive
Condition	this home 7 · comparable 9	−$113,770
Micro-location	this home 0.0127 · comparable 0.09	−$70,355
Floor area	this home 150 m² · comparable 135.2 m²	+$18,299
Distance to beach	this home 3.59 km · comparable 4.12 km	+$10,198
Land size	this home 195 m² · comparable 208 m²	−$5,104
Year built	this home 2002 · comparable 2004	−$2,046
Net adjustment		−$162,778

A further 12 factors were compared and found the same on both properties, so no money moved.

3/28 Palma Crescent

Sold 2 July 2026 · 2.09 km away

Sold for

$999,500

Adjusted to this home

$961,264

What we added and subtracted to make this sale comparable to 17/5 Assembly Drive
Bathrooms	this home 2 · comparable 3	−$52,000
Land size	this home 195 m² · comparable 99 m²	+$42,240
Micro-location	this home 0.0127 · comparable 0.0636	−$40,700
Car spaces	this home 2 · comparable 3	−$32,000
Floor area	this home 150 m² · comparable 128.47 m²	+$29,832
Distance to beach	this home 3.59 km · comparable 5.14 km	+$22,417
Year built	this home 2002 · comparable 2009	−$8,025
Net adjustment		−$38,236

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

3/119 Bayswater Avenue

Sold 3 March 2026 · 1.22 km away

Sold for

$1,300,000

Adjusted to this home

$1,089,238

What we added and subtracted to make this sale comparable to 17/5 Assembly Drive
Condition	this home 7 · comparable 9	−$80,551
Micro-location	this home 0.0127 · comparable 0.1135	−$64,957
Water views	this home 0 · comparable 1	−$42,215
Car spaces	this home 2 · comparable 3	−$19,828
Land size	this home 195 m² · comparable 246 m²	−$13,905
Distance to beach	this home 3.59 km · comparable 4.5 km	+$11,261
Year built	this home 2002 · comparable 2006	−$2,842
Floor area	this home 150 m² · comparable 147.35 m²	+$2,275
Net adjustment		−$210,762

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 17/5 Assembly 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 17/5 Assembly 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

The market your home would enter in Varsity Lakes.

See how Varsity Lakes is moving right now.

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17/5 Assembly Drive

Units & townhouses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 5 sales behind that range — and every adjustment

1/9 Magenta Drive

6/13 Ranier Crescent

2/6 Comore Drive

3/28 Palma Crescent

3/119 Bayswater Avenue

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 17/5 Assembly Drive sit?