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 · 0.14 km away

Sold for

$1,350,000

Adjusted to this home

$1,441,564

What we added and subtracted to make this sale comparable to 22 Magenta Drive
Water views	this home 0 · comparable 1	−$185,728
Land size	this home 700 m² · comparable 400 m²	+$150,720
Pool	this home 1 · comparable 0	+$109,831
Bedrooms	this home 4 · comparable 3	+$29,826
Micro-location	this home 0.0208 · comparable 0.0348	−$15,120
Street	this home 0.0361 · comparable 0.0323	+$4,104
Distance to beach	this home 4.22 km · comparable 4.12 km	−$1,782
Floor area	this home 123 m² · comparable 123.36 m²	−$287
Net adjustment		+$91,564

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

16 South Bay Drive

Sold 9 July 2026 · 0.57 km away

Sold for

$1,250,000

Adjusted to this home

$1,283,781

What we added and subtracted to make this sale comparable to 22 Magenta Drive
Land size	this home 700 m² · comparable 188 m²	+$257,229
Water views	this home 0 · comparable 1	−$185,728
Pool	this home 1 · comparable 0	+$109,831
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
Floor area	this home 123 m² · comparable 156 m²	−$26,294
Micro-location	this home 0.0208 · comparable 0.0436	−$22,800
Cladding	this home 3 · comparable 2	+$20,000
Air conditioning	this home 0 · comparable 1	−$20,000
Year built	this home 2002 · comparable 2009	−$8,238
Distance to beach	this home 4.22 km · comparable 4.09 km	−$2,145
Net adjustment		+$33,781

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

8 Morea Court

Sold 27 August 2026 · 0.36 km away

Sold for

$1,230,000

Adjusted to this home

$1,355,379

What we added and subtracted to make this sale comparable to 22 Magenta Drive
Land size	this home 700 m² · comparable 473 m²	+$114,045
Pool	this home 1 · comparable 0	+$109,831
Car spaces	this home 2 · comparable 4	−$64,000
Floor area	this home 123 m² · comparable 148.5 m²	−$20,318
Micro-location	this home 0.0208 · comparable 0.0312	−$10,234
Distance to beach	this home 4.22 km · comparable 3.93 km	−$5,122
Year built	this home 2002 · comparable 2001	+$1,177
Net adjustment		+$125,379

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

22 Elizabeth Crescent

Sold 16 February 2026 · 0.62 km away

Sold for

$1,570,000

Adjusted to this home

$1,443,287

What we added and subtracted to make this sale comparable to 22 Magenta Drive
Land size	this home 700 m² · comparable 331 m²	+$185,386
Street	this home 0.0361 · comparable 0.15	−$143,058
Micro-location	this home 0.0208 · comparable 0.0807	−$75,234
Condition	this home 7 · comparable 8	−$62,800
Floor area	this home 123 m² · comparable 199 m²	−$60,557
Cladding	this home 3 · comparable 1	+$40,000
Year built	this home 2002 · comparable 2010	−$9,414
Distance to beach	this home 4.22 km · comparable 4.17 km	−$1,036
Net adjustment		−$126,713

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

8 Mauritius Court

Sold 5 January 2026 · 1.09 km away

Sold for

$1,338,000

Adjusted to this home

$1,364,741

What we added and subtracted to make this sale comparable to 22 Magenta Drive
Land size	this home 700 m² · comparable 400 m²	+$150,720
Condition	this home 7 · comparable 9	−$133,800
Micro-location	this home 0.0208 · comparable 0.1253	−$111,857
Pool	this home 1 · comparable 0	+$109,831
Distance to beach	this home 4.22 km · comparable 4.75 km	+$9,361
Floor area	this home 123 m² · comparable 119.88 m²	+$2,486
Net adjustment		+$26,741

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

28 Pristine Court

Sold 8 October 2026 · 0.91 km away

Sold for

$1,170,000

Adjusted to this home

$1,378,669

What we added and subtracted to make this sale comparable to 22 Magenta Drive
Land size	this home 700 m² · comparable 414 m²	+$143,686
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
Floor area	this home 123 m² · comparable 141.71 m²	−$14,908
Distance to beach	this home 4.22 km · comparable 3.54 km	−$13,086
Micro-location	this home 0.0208 · comparable 0.0342	−$12,542
Year built	this home 2002 · comparable 1995	+$8,238
Net adjustment		+$208,669

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

17 North Shore Avenue

Sold 22 April 2026 · 0.24 km away

Sold for

$1,685,000

Adjusted to this home

$1,413,394

What we added and subtracted to make this sale comparable to 22 Magenta Drive
Land size	this home 700 m² · comparable 411 m²	+$145,194
Street	this home 0.0361 · comparable 0.1355	−$133,991
Floor area	this home 123 m² · comparable 289.47 m²	−$132,643
Condition	this home 7 · comparable 8	−$67,400
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
Bedrooms	this home 4 · comparable 5	−$29,826
Bathrooms	this home 2 · comparable 3	−$16,650
Distance to beach	this home 4.22 km · comparable 3.99 km	−$5,197
Year built	this home 2002 · comparable 2001	+$1,177
Micro-location	this home 0.0208 · comparable 0.021	−$270
Net adjustment		−$271,606

A further 6 factors were compared and found the same on both properties, so no money moved.

13 Saint Paul Crescent

Sold 31 August 2026 · 1.13 km away

Sold for

$1,590,000

Adjusted to this home

$1,341,781

What we added and subtracted to make this sale comparable to 22 Magenta Drive
Micro-location	this home 0.0208 · comparable 0.15	−$164,342
Condition	this home 7 · comparable 9	−$159,000
Land size	this home 700 m² · comparable 449 m²	+$126,102
Pool	this home 1 · comparable 0	+$109,831
Floor area	this home 123 m² · comparable 241.24 m²	−$94,214
Storeys	this home 1 · comparable 2	−$40,000
Bedrooms	this home 4 · comparable 5	−$29,826
Distance to beach	this home 4.22 km · comparable 4.43 km	+$4,407
Year built	this home 2002 · comparable 2003	−$1,177
Net adjustment		−$248,219

A further 8 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 22 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 22 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

19 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 →

22 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

16 South Bay Drive

8 Morea Court

22 Elizabeth Crescent

8 Mauritius Court

28 Pristine Court

17 North Shore Avenue

13 Saint Paul Crescent

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 22 Magenta Drive sit?