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.

17 North Shore Avenue

Sold 22 April 2026 · 0.13 km away

Sold for

$1,685,000

Adjusted to this home

$1,586,945

What we added and subtracted to make this sale comparable to 2 Magenta Drive
Street	this home 0.0361 · comparable 0.1355	−$133,991
Land size	this home 623 m² · comparable 411 m²	+$92,941
Condition	this home 7 · comparable 8	−$67,400
Storeys	this home 1 · comparable 2	−$40,000
Cladding	this home 3 · comparable 1	+$40,000
Micro-location	this home 0.0274 · comparable 0.021	+$8,627
Floor area	this home 293 m² · comparable 289.47 m²	+$3,406
Distance to beach	this home 4.06 km · comparable 3.99 km	−$1,638
Net adjustment		−$98,055

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

22 Elizabeth Crescent

Sold 16 February 2026 · 0.58 km away

Sold for

$1,570,000

Adjusted to this home

$1,623,793

What we added and subtracted to make this sale comparable to 2 Magenta Drive
Street	this home 0.0361 · comparable 0.15	−$143,058
Land size	this home 623 m² · comparable 331 m²	+$128,013
Floor area	this home 293 m² · comparable 199 m²	+$90,691
Micro-location	this home 0.0274 · comparable 0.0807	−$66,945
Condition	this home 7 · comparable 8	−$62,800
Bathrooms	this home 3 · comparable 2	+$62,682
Cladding	this home 3 · comparable 1	+$40,000
Year built	this home 2001 · comparable 2010	−$34,848
Car spaces	this home 3 · comparable 2	+$32,000
Bedrooms	this home 5 · comparable 4	+$5,778
Distance to beach	this home 4.06 km · comparable 4.17 km	+$2,280
Net adjustment		+$53,793

A further 7 factors were compared and found the same on both properties, so no money moved.

45 North Shore Avenue

Sold 22 April 2026 · 0.11 km away

Sold for

$1,700,000

Adjusted to this home

$1,512,894

What we added and subtracted to make this sale comparable to 2 Magenta Drive
Condition	this home 7 · comparable 9	−$170,000
Street	this home 0.0361 · comparable 0.1355	−$135,184
Floor area	this home 293 m² · comparable 188 m²	+$101,304
Bathrooms	this home 3 · comparable 2	+$62,682
Car spaces	this home 3 · comparable 4	−$32,000
Micro-location	this home 0.0274 · comparable 0.0333	−$8,024
Land size	this home 623 m² · comparable 637 m²	−$6,138
Bedrooms	this home 5 · comparable 4	+$5,778
Year built	this home 2001 · comparable 2002	−$3,872
Distance to beach	this home 4.06 km · comparable 3.99 km	−$1,652
Net adjustment		−$187,106

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

18 Blue Ridge Crescent

Sold 12 November 2025 · 0.29 km away

Sold for

$1,775,000

Adjusted to this home

$1,741,691

What we added and subtracted to make this sale comparable to 2 Magenta Drive
Condition	this home 7 · comparable 9	−$177,500
Floor area	this home 293 m² · comparable 208.22 m²	+$81,796
Land size	this home 623 m² · comparable 500 m²	+$53,923
Storeys	this home 1 · comparable 2	−$40,000
Car spaces	this home 3 · comparable 2	+$32,000
Cladding	this home 3 · comparable 2	+$20,000
Distance to beach	this home 4.06 km · comparable 4.35 km	+$6,794
Bedrooms	this home 5 · comparable 6	−$5,778
Micro-location	this home 0.0274 · comparable 0.0306	−$4,544
Net adjustment		−$33,309

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

95 Bayswater Ave

Sold 7 March 2026 · 0.78 km away

Sold for

$1,682,500

Adjusted to this home

$1,511,058

What we added and subtracted to make this sale comparable to 2 Magenta Drive
Condition	this home 7 · comparable 9	−$168,250
Micro-location	this home 0.0274 · comparable 0.116	−$119,256
Pool	this home 1 · comparable 0	+$64,000
Land size	this home 623 m² · comparable 488 m²	+$59,184
Storeys	this home 1 · comparable 2	−$40,000
Car spaces	this home 3 · comparable 2	+$32,000
Distance to beach	this home 4.06 km · comparable 4.5 km	+$9,772
Year built	this home 2001 · comparable 2003	−$7,744
Floor area	this home 293 m² · comparable 294.19 m²	−$1,148
Net adjustment		−$171,442

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

27 South Bay Drive

Sold 27 January 2026 · 0.65 km away

Sold for

$1,850,000

Adjusted to this home

$1,728,333

What we added and subtracted to make this sale comparable to 2 Magenta Drive
Condition	this home 7 · comparable 9	−$185,000
Land size	this home 623 m² · comparable 367 m²	+$112,230
Micro-location	this home 0.0274 · comparable 0.086	−$86,728
Floor area	this home 293 m² · comparable 214.21 m²	+$76,017
Pool	this home 1 · comparable 0	+$64,000
Street	this home 0.0361 · comparable 0.064	−$41,292
Storeys	this home 1 · comparable 2	−$40,000
Year built	this home 2001 · comparable 2010	−$34,848
Car spaces	this home 3 · comparable 2	+$32,000
Cladding	this home 3 · comparable 4	−$20,000
Distance to beach	this home 4.06 km · comparable 4.14 km	+$1,954
Net adjustment		−$121,667

A further 7 factors were compared and found the same on both properties, so no money moved.

14 North Shore Avenue

Sold 13 October 2025 · 0.21 km away

Sold for

$1,380,000

Adjusted to this home

$1,449,192

What we added and subtracted to make this sale comparable to 2 Magenta Drive
Condition	this home 7 · comparable 9	−$138,000
Floor area	this home 293 m² · comparable 155.8 m²	+$132,370
Street	this home 0.0361 · comparable 0.1355	−$109,738
Land size	this home 623 m² · comparable 448 m²	+$76,720
Bathrooms	this home 3 · comparable 2	+$62,682
Car spaces	this home 3 · comparable 2	+$32,000
Micro-location	this home 0.0274 · comparable 0.0177	+$10,709
Bedrooms	this home 5 · comparable 4	+$5,778
Distance to beach	this home 4.06 km · comparable 3.91 km	−$3,329
Net adjustment		+$69,192

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

8 Morea Court

Sold 27 August 2026 · 0.21 km away

Sold for

$1,230,000

Adjusted to this home

$1,529,371

What we added and subtracted to make this sale comparable to 2 Magenta Drive
Floor area	this home 293 m² · comparable 148.5 m²	+$139,414
Land size	this home 623 m² · comparable 473 m²	+$65,760
Pool	this home 1 · comparable 0	+$64,000
Bathrooms	this home 3 · comparable 2	+$62,682
Car spaces	this home 3 · comparable 4	−$32,000
Bedrooms	this home 5 · comparable 4	+$5,778
Micro-location	this home 0.0274 · comparable 0.0312	−$3,739
Distance to beach	this home 4.06 km · comparable 3.93 km	−$2,524
Net adjustment		+$299,371

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 2 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 2 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 →

2 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

17 North Shore Avenue

22 Elizabeth Crescent

45 North Shore Avenue

18 Blue Ridge Crescent

95 Bayswater Ave

27 South Bay Drive

14 North Shore Avenue

8 Morea Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 2 Magenta Drive sit?