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.

40 Gerona Circuit

Sold 26 May 2026 · 0.08 km away

Sold for

$1,410,000

Adjusted to this home

$1,511,901

What we added and subtracted to make this sale comparable to 21 Palma Crescent
Floor area	this home 252 m² · comparable 188 m²	+$64,666
Condition	this home 8 · comparable 7	+$56,400
Street	this home 0.0399 · comparable 0.0518	−$13,423
Micro-location	this home 0.0902 · comparable 0.0943	−$4,625
Distance to beach	this home 5.09 km · comparable 5.03 km	−$1,117
Net adjustment		+$101,901

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

5 Palma Crescent

Sold 27 March 2026 · 0.02 km away

Sold for

$1,395,000

Adjusted to this home

$1,457,257

What we added and subtracted to make this sale comparable to 21 Palma Crescent
Water views	this home 0 · comparable 1	−$135,743
Pool	this home 1 · comparable 0	+$91,990
Floor area	this home 252 m² · comparable 172.46 m²	+$80,367
Land size	this home 400 m² · comparable 350 m²	+$22,000
Micro-location	this home 0.0902 · comparable 0.0871	+$3,459
Distance to beach	this home 5.09 km · comparable 5.1 km	+$184
Net adjustment		+$62,257

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

49 Lantau Crescent

Sold 21 January 2026 · 0.20 km away

Sold for

$1,475,000

Adjusted to this home

$1,531,478

What we added and subtracted to make this sale comparable to 21 Palma Crescent
Condition	this home 8 · comparable 9	−$88,500
Floor area	this home 252 m² · comparable 176.74 m²	+$76,042
Street	this home 0.0399 · comparable -0.0071	+$55,460
Micro-location	this home 0.0902 · comparable 0.0831	+$8,378
Year built	this home 2003 · comparable 2002	+$5,098
Net adjustment		+$56,478

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

22 Elizabeth Crescent

Sold 16 February 2026 · 1.10 km away

Sold for

$1,570,000

Adjusted to this home

$1,505,368

What we added and subtracted to make this sale comparable to 21 Palma Crescent
Street	this home 0.0399 · comparable 0.15	−$138,286
Floor area	this home 252 m² · comparable 199 m²	+$53,551
Year built	this home 2003 · comparable 2010	−$35,689
Cladding	this home 3 · comparable 1	+$32,566
Land size	this home 400 m² · comparable 331 m²	+$30,360
Distance to beach	this home 5.09 km · comparable 4.17 km	−$19,066
Micro-location	this home 0.0902 · comparable 0.0807	+$11,932
Net adjustment		−$64,632

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

41 Gerona Circuit

Sold 26 May 2026 · 0.14 km away

Sold for

$1,410,000

Adjusted to this home

$1,552,079

What we added and subtracted to make this sale comparable to 21 Palma Crescent
Pool	this home 1 · comparable 0	+$91,990
Land size	this home 400 m² · comparable 586 m²	−$81,840
Floor area	this home 252 m² · comparable 174 m²	+$78,811
Condition	this home 8 · comparable 7	+$56,400
Street	this home 0.0399 · comparable 0.0518	−$13,423
Micro-location	this home 0.0902 · comparable 0.0822	+$9,024
Distance to beach	this home 5.09 km · comparable 5.15 km	+$1,117
Net adjustment		+$142,079

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

4 Barbie Avenue

Sold 5 August 2026 · 1.11 km away

Sold for

$1,515,000

Adjusted to this home

$1,385,557

What we added and subtracted to make this sale comparable to 21 Palma Crescent
Floor area	this home 252 m² · comparable 151 m²	+$102,050
Condition	this home 8 · comparable 9	−$90,900
Car spaces	this home 2 · comparable 4	−$87,315
Land size	this home 400 m² · comparable 570 m²	−$74,800
Micro-location	this home 0.0902 · comparable 0.0574	+$39,754
Distance to beach	this home 5.09 km · comparable 3.98 km	−$22,343
Year built	this home 2003 · comparable 1999	+$20,394
Cladding	this home 3 · comparable 4	−$16,283
Net adjustment		−$129,443

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

13 Saint Paul Crescent

Sold 31 August 2026 · 0.66 km away

Sold for

$1,590,000

Adjusted to this home

$1,382,836

What we added and subtracted to make this sale comparable to 21 Palma Crescent
Condition	this home 8 · comparable 9	−$95,400
Pool	this home 1 · comparable 0	+$91,990
Micro-location	this home 0.0902 · comparable 0.15	−$76,066
Bedrooms	this home 4 · comparable 5	−$63,148
Storeys	this home 1 · comparable 2	−$40,000
Land size	this home 400 m² · comparable 449 m²	−$21,560
Distance to beach	this home 5.09 km · comparable 4.43 km	−$13,852
Floor area	this home 252 m² · comparable 241.24 m²	+$10,872
Net adjustment		−$207,164

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

56 Southlake Drive

Sold 21 July 2026 · 1.33 km away

Sold for

$1,660,000

Adjusted to this home

$1,667,848

What we added and subtracted to make this sale comparable to 21 Palma Crescent
Floor area	this home 252 m² · comparable 133 m²	+$120,238
Condition	this home 8 · comparable 9	−$99,600
Micro-location	this home 0.0902 · comparable 0.0447	+$60,424
Year built	this home 2003 · comparable 1993	+$50,984
Car spaces	this home 2 · comparable 3	−$43,658
Distance to beach	this home 5.09 km · comparable 3.76 km	−$31,055
Air conditioning	this home 0 · comparable 1	−$20,000
Street	this home 0.0399 · comparable 0.0515	−$15,405
Land size	this home 400 m² · comparable 432 m²	−$14,080
Net adjustment		+$7,848

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 21 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 21 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 →

21 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

40 Gerona Circuit

5 Palma Crescent

49 Lantau Crescent

22 Elizabeth Crescent

41 Gerona Circuit

4 Barbie Avenue

13 Saint Paul Crescent

56 Southlake Drive

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