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.

6 Massachusetts Court

Sold 17 August 2026 · 0.67 km away

Sold for

$1,800,000

Adjusted to this home

$1,669,908

What we added and subtracted to make this sale comparable to 23 Southlake Drive
Condition	this home 9 · comparable 6	+$252,000
Water views	this home 0 · comparable 1	−$213,003
Bedrooms	this home 3 · comparable 4	−$93,822
Pool	this home 1 · comparable 0	+$46,263
Land size	this home 591 m² · comparable 691 m²	−$44,000
Micro-location	this home 0.0397 · comparable 0.0585	−$27,072
Air conditioning	this home 0 · comparable 1	−$20,000
Distance to beach	this home 3.51 km · comparable 3.05 km	−$14,904
Street	this home 0.0515 · comparable 0.0616	−$14,544
Year built	this home 1992 · comparable 1995	−$1,010
Net adjustment		−$130,092

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

15 Southlake Drive

Sold 9 September 2026 · 0.06 km away

Sold for

$1,430,000

Adjusted to this home

$1,570,734

What we added and subtracted to make this sale comparable to 23 Southlake Drive
Floor area	this home 255 m² · comparable 141 m²	+$257,002
Water views	this home 0 · comparable 1	−$213,003
Condition	this home 9 · comparable 7	+$143,000
Bedrooms	this home 3 · comparable 4	−$93,822
Pool	this home 1 · comparable 0	+$46,263
Micro-location	this home 0.0397 · comparable 0.0385	+$1,373
Year built	this home 1992 · comparable 1993	−$337
Distance to beach	this home 3.51 km · comparable 3.52 km	+$258
Net adjustment		+$140,734

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

288 Christine Avenue

Sold 13 August 2026 · 0.43 km away

Sold for

$1,420,000

Adjusted to this home

$1,620,319

What we added and subtracted to make this sale comparable to 23 Southlake Drive
Floor area	this home 255 m² · comparable 153.5 m²	+$228,822
Water views	this home 0 · comparable 1	−$213,003
Condition	this home 9 · comparable 6	+$198,800
Land size	this home 591 m² · comparable 729 m²	−$60,720
Pool	this home 1 · comparable 0	+$46,263
Micro-location	this home 0.0397 · comparable 0.0586	−$21,470
Cladding	this home 3 · comparable 2	+$21,449
Street	this home 0.0515 · comparable 0.0431	+$9,542
Distance to beach	this home 3.51 km · comparable 3.17 km	−$8,690
Year built	this home 1992 · comparable 1994	−$674
Net adjustment		+$200,319

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

28 Seafoam Close

Sold 27 October 2025 · 0.22 km away

Sold for

$1,545,000

Adjusted to this home

$1,583,350

What we added and subtracted to make this sale comparable to 23 Southlake Drive
Floor area	this home 255 m² · comparable 167 m²	+$198,387
Bedrooms	this home 3 · comparable 4	−$93,822
Land size	this home 591 m² · comparable 734 m²	−$62,920
Street	this home 0.0515 · comparable 0.0909	−$48,698
Pool	this home 1 · comparable 0	+$46,263
Distance to beach	this home 3.51 km · comparable 3.41 km	−$2,781
Micro-location	this home 0.0397 · comparable 0.0376	+$2,595
Year built	this home 1992 · comparable 1994	−$674
Net adjustment		+$38,350

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

34 Seafoam Close

Sold 13 October 2025 · 0.23 km away

Sold for

$1,450,000

Adjusted to this home

$1,631,389

What we added and subtracted to make this sale comparable to 23 Southlake Drive
Floor area	this home 255 m² · comparable 169 m²	+$193,878
Pool	this home 1 · comparable 0	+$46,263
Street	this home 0.0515 · comparable 0.0909	−$45,704
Land size	this home 591 m² · comparable 624 m²	−$14,520
Micro-location	this home 0.0397 · comparable 0.0365	+$3,712
Distance to beach	this home 3.51 km · comparable 3.45 km	−$1,566
Year built	this home 1992 · comparable 1994	−$674
Net adjustment		+$181,389

A further 11 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 Southlake 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 23 Southlake 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

16 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 Southlake Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 5 sales behind that range — and every adjustment

6 Massachusetts Court

15 Southlake Drive

288 Christine Avenue

28 Seafoam Close

34 Seafoam Close

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