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.

41 Gerona Circuit

Sold 26 May 2026 · 0.13 km away

Sold for

$1,410,000

Adjusted to this home

$1,401,677

What we added and subtracted to make this sale comparable to 23 Palma Crescent
Car spaces	this home 4 · comparable 2	+$87,315
Land size	this home 448 m² · comparable 586 m²	−$60,720
Floor area	this home 146 m² · comparable 174 m²	−$28,291
Street	this home 0.0399 · comparable 0.0518	−$13,423
Micro-location	this home 0.0874 · comparable 0.0822	+$5,866
Distance to beach	this home 5.1 km · comparable 5.15 km	+$930
Net adjustment		−$8,323

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

40 Gerona Circuit

Sold 26 May 2026 · 0.09 km away

Sold for

$1,410,000

Adjusted to this home

$1,361,499

What we added and subtracted to make this sale comparable to 23 Palma Crescent
Pool	this home 0 · comparable 1	−$91,990
Car spaces	this home 4 · comparable 2	+$87,315
Floor area	this home 146 m² · comparable 188 m²	−$42,437
Land size	this home 448 m² · comparable 400 m²	+$21,120
Street	this home 0.0399 · comparable 0.0518	−$13,423
Micro-location	this home 0.0874 · comparable 0.0943	−$7,783
Distance to beach	this home 5.1 km · comparable 5.03 km	−$1,303
Net adjustment		−$48,501

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

39 Brier Crescent

Sold 16 May 2026 · 1.00 km away

Sold for

$1,302,000

Adjusted to this home

$1,355,748

What we added and subtracted to make this sale comparable to 23 Palma Crescent
Land size	this home 448 m² · comparable 708 m²	−$114,400
Micro-location	this home 0.0874 · comparable 0.0157	+$74,682
Street	this home 0.0399 · comparable -0.0225	+$64,996
Bedrooms	this home 4 · comparable 3	+$63,148
Condition	this home 7 · comparable 8	−$52,080
Year built	this home 2003 · comparable 2013	−$50,984
Car spaces	this home 4 · comparable 3	+$43,658
Cladding	this home 3 · comparable 1	+$32,566
Distance to beach	this home 5.1 km · comparable 4.35 km	−$12,890
Floor area	this home 146 m² · comparable 141 m²	+$5,052
Net adjustment		+$53,748

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

3 Avellino Drive

Sold 19 January 2026 · 0.79 km away

Sold for

$1,350,000

Adjusted to this home

$1,387,281

What we added and subtracted to make this sale comparable to 23 Palma Crescent
Car spaces	this home 4 · comparable 2	+$87,315
Micro-location	this home 0.0874 · comparable 0.1354	−$51,840
Land size	this home 448 m² · comparable 350 m²	+$43,120
Floor area	this home 146 m² · comparable 181 m²	−$35,364
Distance to beach	this home 5.1 km · comparable 4.48 km	−$11,048
Year built	this home 2003 · comparable 2002	+$5,098
Net adjustment		+$37,281

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 · 1.21 km away

Sold for

$1,250,000

Adjusted to this home

$1,247,744

What we added and subtracted to make this sale comparable to 23 Palma Crescent
Water views	this home 0 · comparable 1	−$135,743
Land size	this home 448 m² · comparable 188 m²	+$114,400
Car spaces	this home 4 · comparable 2	+$87,315
Bedrooms	this home 4 · comparable 3	+$63,148
Condition	this home 7 · comparable 8	−$50,000
Micro-location	this home 0.0874 · comparable 0.0436	+$43,800
Storeys	this home 1 · comparable 2	−$40,000
Year built	this home 2003 · comparable 2009	−$30,590
Street	this home 0.0399 · comparable 0.064	−$24,100
Air conditioning	this home 0 · comparable 1	−$20,000
Distance to beach	this home 5.1 km · comparable 4.09 km	−$16,665
Cladding	this home 3 · comparable 2	+$16,283
Floor area	this home 146 m² · comparable 156 m²	−$10,104
Net adjustment		−$2,256

A further 5 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

$1,378,323

What we added and subtracted to make this sale comparable to 23 Palma Crescent
Condition	this home 7 · comparable 9	−$147,500
Pool	this home 0 · comparable 1	−$91,990
Car spaces	this home 4 · comparable 2	+$87,315
Street	this home 0.0399 · comparable -0.0071	+$55,460
Floor area	this home 146 m² · comparable 176.74 m²	−$31,060
Land size	this home 448 m² · comparable 400 m²	+$21,120
Year built	this home 2003 · comparable 2002	+$5,098
Micro-location	this home 0.0874 · comparable 0.0831	+$5,074
Distance to beach	this home 5.1 km · comparable 5.09 km	−$194
Net adjustment		−$96,677

A further 9 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

$1,307,491

What we added and subtracted to make this sale comparable to 23 Palma Crescent
Water views	this home 0 · comparable 1	−$135,743
Car spaces	this home 4 · comparable 2	+$87,315
Condition	this home 7 · comparable 8	−$55,800
Land size	this home 448 m² · comparable 350 m²	+$43,120
Floor area	this home 146 m² · comparable 172.46 m²	−$26,735
Micro-location	this home 0.0874 · comparable 0.0871	+$334
Net adjustment		−$87,509

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

16 Marciana Crescent

Sold 31 July 2026 · 0.26 km away

Sold for

$1,225,000

Adjusted to this home

$1,427,866

What we added and subtracted to make this sale comparable to 23 Palma Crescent
Car spaces	this home 4 · comparable 2	+$69,038
Bedrooms	this home 4 · comparable 3	+$49,929
Condition	this home 7 · comparable 6	+$38,743
Land size	this home 448 m² · comparable 350 m²	+$34,094
Cladding	this home 3 · comparable 2	+$12,874
Micro-location	this home 0.0874 · comparable 0.0998	−$9,608
Street	this home 0.0399 · comparable 0.0317	+$6,354
Year built	this home 2003 · comparable 2002	+$4,031
Distance to beach	this home 5.1 km · comparable 4.96 km	−$1,790
Floor area	this home 146 m² · comparable 147 m²	−$799
Net adjustment		+$202,866

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 23 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 23 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

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 →

23 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

41 Gerona Circuit

40 Gerona Circuit

39 Brier Crescent

3 Avellino Drive

16 South Bay Drive

49 Lantau Crescent

5 Palma Crescent

16 Marciana Crescent

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 23 Palma Crescent sit?