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.

14 Windemere Crescent

Sold 10 March 2026 · 0.16 km away

Sold for

$1,350,000

Adjusted to this home

$1,397,064

What we added and subtracted to make this sale comparable to 17 Magenta Drive
Water views	this home 0 · comparable 1	−$185,728
Pool	this home 1 · comparable 0	+$109,831
Floor area	this home 232 m² · comparable 123.36 m²	+$86,564
Bedrooms	this home 4 · comparable 3	+$29,826
Land size	this home 448 m² · comparable 400 m²	+$24,115
Micro-location	this home 0.017 · comparable 0.0348	−$19,224
Street	this home 0.0361 · comparable 0.0323	+$4,104
Distance to beach	this home 4.19 km · comparable 4.12 km	−$1,247
Year built	this home 2001 · comparable 2002	−$1,177
Net adjustment		+$47,064

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

8 Morea Court

Sold 27 August 2026 · 0.35 km away

Sold for

$1,230,000

Adjusted to this home

$1,311,197

What we added and subtracted to make this sale comparable to 17 Magenta Drive
Pool	this home 1 · comparable 0	+$109,831
Floor area	this home 232 m² · comparable 148.5 m²	+$66,533
Car spaces	this home 2 · comparable 4	−$64,000
Micro-location	this home 0.017 · comparable 0.0312	−$13,973
Land size	this home 448 m² · comparable 473 m²	−$12,560
Distance to beach	this home 4.19 km · comparable 3.93 km	−$4,634
Net adjustment		+$81,197

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 · 0.59 km away

Sold for

$1,250,000

Adjusted to this home

$1,239,546

What we added and subtracted to make this sale comparable to 17 Magenta Drive
Water views	this home 0 · comparable 1	−$185,728
Land size	this home 448 m² · comparable 188 m²	+$130,624
Pool	this home 1 · comparable 0	+$109,831
Floor area	this home 232 m² · comparable 156 m²	+$60,557
Condition	this home 7 · comparable 8	−$50,000
Storeys	this home 1 · comparable 2	−$40,000
Bedrooms	this home 4 · comparable 3	+$29,826
Street	this home 0.0361 · comparable 0.064	−$27,900
Micro-location	this home 0.017 · comparable 0.0436	−$26,600
Cladding	this home 3 · comparable 2	+$20,000
Air conditioning	this home 0 · comparable 1	−$20,000
Year built	this home 2001 · comparable 2009	−$9,414
Distance to beach	this home 4.19 km · comparable 4.09 km	−$1,650
Net adjustment		−$10,454

A further 5 factors were compared and found the same on both properties, so no money moved.

3 Avellino Drive

Sold 19 January 2026 · 0.86 km away

Sold for

$1,350,000

Adjusted to this home

$1,425,822

What we added and subtracted to make this sale comparable to 17 Magenta Drive
Micro-location	this home 0.017 · comparable 0.1354	−$127,872
Pool	this home 1 · comparable 0	+$109,831
Land size	this home 448 m² · comparable 350 m²	+$49,235
Floor area	this home 232 m² · comparable 181 m²	+$40,637
Distance to beach	this home 4.19 km · comparable 4.48 km	+$5,168
Year built	this home 2001 · comparable 2002	−$1,177
Net adjustment		+$75,822

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

28 Pristine Court

Sold 8 October 2026 · 0.90 km away

Sold for

$1,170,000

Adjusted to this home

$1,334,646

What we added and subtracted to make this sale comparable to 17 Magenta Drive
Floor area	this home 232 m² · comparable 141.71 m²	+$71,943
Street	this home 0.0361 · comparable -0.0146	+$47,455
Bedrooms	this home 4 · comparable 3	+$29,826
Cladding	this home 3 · comparable 2	+$20,000
Land size	this home 448 m² · comparable 414 m²	+$17,082
Micro-location	this home 0.017 · comparable 0.0342	−$16,099
Distance to beach	this home 4.19 km · comparable 3.54 km	−$12,622
Year built	this home 2001 · comparable 1995	+$7,061
Net adjustment		+$164,646

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

12 Windemere Crescent

Sold 15 December 2025 · 0.16 km away

Sold for

$1,400,000

Adjusted to this home

$1,461,598

What we added and subtracted to make this sale comparable to 17 Magenta Drive
Condition	this home 7 · comparable 9	−$140,000
Pool	this home 1 · comparable 0	+$109,831
Floor area	this home 232 m² · comparable 130.34 m²	+$81,002
Land size	this home 448 m² · comparable 400 m²	+$24,115
Micro-location	this home 0.017 · comparable 0.0314	−$16,128
Street	this home 0.0361 · comparable 0.0323	+$4,256
Distance to beach	this home 4.19 km · comparable 4.11 km	−$1,478
Net adjustment		+$61,598

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

22 Elizabeth Crescent

Sold 16 February 2026 · 0.66 km away

Sold for

$1,570,000

Adjusted to this home

$1,398,205

What we added and subtracted to make this sale comparable to 17 Magenta Drive
Street	this home 0.0361 · comparable 0.15	−$143,058
Micro-location	this home 0.017 · comparable 0.0807	−$80,007
Condition	this home 7 · comparable 8	−$62,800
Land size	this home 448 m² · comparable 331 m²	+$58,781
Cladding	this home 3 · comparable 1	+$40,000
Floor area	this home 232 m² · comparable 199 m²	+$26,294
Year built	this home 2001 · comparable 2010	−$10,591
Distance to beach	this home 4.19 km · comparable 4.17 km	−$414
Net adjustment		−$171,795

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

4 Pascali Court

Sold 5 August 2026 · 0.91 km away

Sold for

$1,150,000

Adjusted to this home

$1,392,629

What we added and subtracted to make this sale comparable to 17 Magenta Drive
Floor area	this home 232 m² · comparable 125.33 m²	+$78,786
Street	this home 0.0361 · comparable -0.0364	+$61,828
Condition	this home 7 · comparable 6	+$42,640
Bedrooms	this home 4 · comparable 3	+$27,647
Cladding	this home 3 · comparable 2	+$18,539
Land size	this home 448 m² · comparable 423 m²	+$11,642
Distance to beach	this home 4.19 km · comparable 3.67 km	−$9,006
Year built	this home 2001 · comparable 1995	+$6,545
Micro-location	this home 0.017 · comparable 0.0123	+$4,008
Net adjustment		+$242,629

A further 9 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 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 17 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

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 →

17 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

14 Windemere Crescent

8 Morea Court

16 South Bay Drive

3 Avellino Drive

28 Pristine Court

12 Windemere Crescent

22 Elizabeth Crescent

4 Pascali Court

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