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.

45 North Shore Avenue

Sold 22 April 2026 · 0.29 km away

Sold for

$1,700,000

Adjusted to this home

$1,731,105

What we added and subtracted to make this sale comparable to 21 Magenta Drive
Floor area	this home 372 m² · comparable 188 m²	+$146,611
Street	this home 0.0361 · comparable 0.1355	−$135,184
Car spaces	this home 2 · comparable 4	−$64,000
Land size	this home 749 m² · comparable 637 m²	+$56,269
Bedrooms	this home 5 · comparable 4	+$29,826
Bathrooms	this home 3 · comparable 2	+$16,650
Micro-location	this home 0.024 · comparable 0.0333	−$12,648
Distance to beach	this home 4.22 km · comparable 3.99 km	−$5,242
Year built	this home 2001 · comparable 2002	−$1,177
Net adjustment		+$31,105

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

17 North Shore Avenue

Sold 22 April 2026 · 0.23 km away

Sold for

$1,685,000

Adjusted to this home

$1,753,427

What we added and subtracted to make this sale comparable to 21 Magenta Drive
Land size	this home 749 m² · comparable 411 m²	+$169,811
Street	this home 0.0361 · comparable 0.1355	−$133,991
Floor area	this home 372 m² · comparable 289.47 m²	+$65,760
Storeys	this home 1 · comparable 2	−$40,000
Cladding	this home 3 · comparable 1	+$40,000
Car spaces	this home 2 · comparable 3	−$32,000
Distance to beach	this home 4.22 km · comparable 3.99 km	−$5,197
Micro-location	this home 0.024 · comparable 0.021	+$4,044
Net adjustment		+$68,427

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

13 Saint Paul Crescent

Sold 31 August 2026 · 1.18 km away

Sold for

$1,590,000

Adjusted to this home

$1,773,172

What we added and subtracted to make this sale comparable to 21 Magenta Drive
Micro-location	this home 0.024 · comparable 0.15	−$160,272
Land size	this home 749 m² · comparable 449 m²	+$150,720
Pool	this home 1 · comparable 0	+$109,831
Floor area	this home 372 m² · comparable 241.24 m²	+$104,190
Storeys	this home 1 · comparable 2	−$40,000
Bathrooms	this home 3 · comparable 2	+$16,650
Distance to beach	this home 4.22 km · comparable 4.43 km	+$4,407
Year built	this home 2001 · comparable 2003	−$2,354
Net adjustment		+$183,172

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

95 Bayswater Ave

Sold 7 March 2026 · 0.81 km away

Sold for

$1,682,500

Adjusted to this home

$1,825,488

What we added and subtracted to make this sale comparable to 21 Magenta Drive
Land size	this home 749 m² · comparable 488 m²	+$131,126
Micro-location	this home 0.024 · comparable 0.116	−$123,832
Pool	this home 1 · comparable 0	+$109,831
Floor area	this home 372 m² · comparable 294.19 m²	+$61,999
Storeys	this home 1 · comparable 2	−$40,000
Distance to beach	this home 4.22 km · comparable 4.5 km	+$6,218
Year built	this home 2001 · comparable 2003	−$2,354
Net adjustment		+$142,988

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

22 Elizabeth Crescent

Sold 16 February 2026 · 0.68 km away

Sold for

$1,570,000

Adjusted to this home

$1,778,425

What we added and subtracted to make this sale comparable to 21 Magenta Drive
Land size	this home 749 m² · comparable 331 m²	+$210,003
Street	this home 0.0361 · comparable 0.15	−$143,058
Floor area	this home 372 m² · comparable 199 m²	+$137,846
Micro-location	this home 0.024 · comparable 0.0807	−$71,215
Cladding	this home 3 · comparable 1	+$40,000
Bedrooms	this home 5 · comparable 4	+$29,826
Bathrooms	this home 3 · comparable 2	+$16,650
Year built	this home 2001 · comparable 2010	−$10,591
Distance to beach	this home 4.22 km · comparable 4.17 km	−$1,036
Net adjustment		+$208,425

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

31 Roundelay Drive

Sold 30 July 2026 · 1.06 km away

Sold for

$1,380,000

Adjusted to this home

$1,768,573

What we added and subtracted to make this sale comparable to 21 Magenta Drive
Floor area	this home 372 m² · comparable 151.3 m²	+$120,112
Land size	this home 749 m² · comparable 420 m²	+$112,896
Pool	this home 1 · comparable 0	+$75,017
Street	this home 0.0361 · comparable -0.023	+$44,565
Bedrooms	this home 5 · comparable 4	+$20,371
Cladding	this home 3 · comparable 2	+$13,661
Bathrooms	this home 3 · comparable 2	+$11,373
Distance to beach	this home 4.22 km · comparable 3.59 km	−$9,694
Year built	this home 2001 · comparable 1994	+$5,626
Micro-location	this home 0.024 · comparable 0.0311	−$5,354
Net adjustment		+$388,573

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

13 Kodiak Drive

Sold 24 August 2026 · 1.12 km away

Sold for

$1,820,000

Adjusted to this home

$1,832,012

What we added and subtracted to make this sale comparable to 21 Magenta Drive
Micro-location	this home 0.024 · comparable 0.1255	−$147,784
Floor area	this home 372 m² · comparable 202.99 m²	+$134,667
Land size	this home 749 m² · comparable 640 m²	+$54,762
Storeys	this home 1 · comparable 2	−$40,000
Car spaces	this home 2 · comparable 3	−$32,000
Bedrooms	this home 5 · comparable 4	+$29,826
Distance to beach	this home 4.22 km · comparable 4.84 km	+$14,895
Year built	this home 2001 · comparable 2003	−$2,354
Net adjustment		+$12,012

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

1 Elizabeth Crescent

Sold 1 November 2025 · 0.61 km away

Sold for

$1,850,000

Adjusted to this home

$1,867,792

What we added and subtracted to make this sale comparable to 21 Magenta Drive
Floor area	this home 372 m² · comparable 132.5 m²	+$190,834
Water views	this home 0 · comparable 1	−$185,728
Land size	this home 749 m² · comparable 389 m²	+$180,864
Street	this home 0.0361 · comparable 0.15	−$168,572
Pool	this home 1 · comparable 0	+$109,831
Car spaces	this home 2 · comparable 4	−$64,000
Storeys	this home 1 · comparable 2	−$40,000
Micro-location	this home 0.024 · comparable 0.0506	−$39,368
Bedrooms	this home 5 · comparable 4	+$29,826
Bathrooms	this home 3 · comparable 2	+$16,650
Year built	this home 2001 · comparable 2010	−$10,591
Distance to beach	this home 4.22 km · comparable 4.14 km	−$1,954
Net adjustment		+$17,792

A further 6 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 21 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 21 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 →

21 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

45 North Shore Avenue

17 North Shore Avenue

13 Saint Paul Crescent

95 Bayswater Ave

22 Elizabeth Crescent

31 Roundelay Drive

13 Kodiak Drive

1 Elizabeth Crescent

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 21 Magenta Drive sit?