24 Red Ash Court, Merrimac — Off-Market Report

The 8 sales behind that range — and every adjustment

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.

13 Willunga Place

Sold 1 December 2025 · 0.11 km away

Sold for

$1,080,000

Adjusted to this home

$1,119,148

What we added and subtracted to make this sale comparable to 24 Red Ash Court
Condition	this home 6 · comparable 9	−$151,200
Bedrooms	this home 4 · comparable 3	+$63,461
Car spaces	this home 2 · comparable 1	+$53,863
Street	this home 0.0201 · comparable -0.0392	+$51,235
Micro-location	this home -0.0221 · comparable -0.0052	−$14,602
Cladding	this home 3 · comparable 2	+$14,400
Floor area	this home 148 m² · comparable 140 m²	+$12,800
Year built	this home 1999 · comparable 1993	+$9,802
Land size	this home 414 m² · comparable 418 m²	−$611
Net adjustment		+$39,148

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

14 Griffon Street

Sold 10 March 2026 · 0.78 km away

Sold for

$1,218,000

Adjusted to this home

$1,183,303

What we added and subtracted to make this sale comparable to 24 Red Ash Court
Bedrooms	this home 4 · comparable 3	+$63,461
Floor area	this home 148 m² · comparable 180 m²	−$51,200
Micro-location	this home -0.0221 · comparable 0.0274	−$48,233
Cladding	this home 3 · comparable 2	+$14,400
Street	this home 0.0201 · comparable 0.0335	−$13,057
Distance to beach	this home 8.7 km · comparable 7.96 km	−$526
Land size	this home 414 m² · comparable 411 m²	+$458
Net adjustment		−$34,697

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

3 Fairbank Court

Sold 7 August 2026 · 1.18 km away

Sold for

$1,055,000

Adjusted to this home

$1,170,327

What we added and subtracted to make this sale comparable to 24 Red Ash Court
Street	this home 0.0201 · comparable -0.0568	+$64,904
Bedrooms	this home 4 · comparable 3	+$63,461
Micro-location	this home -0.0221 · comparable 0.0436	−$55,451
Floor area	this home 148 m² · comparable 126 m²	+$35,200
Land size	this home 414 m² · comparable 331 m²	+$12,682
Distance to beach	this home 8.7 km · comparable 7.52 km	−$5,469
Net adjustment		+$115,327

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

73 Kingarry Circuit

Sold 25 March 2026 · 1.11 km away

Sold for

$1,245,000

Adjusted to this home

$1,089,746

What we added and subtracted to make this sale comparable to 24 Red Ash Court
Car spaces	this home 2 · comparable 4	−$107,726
Condition	this home 6 · comparable 8	−$99,600
Bedrooms	this home 4 · comparable 3	+$63,461
Pool	this home 0 · comparable 1	−$52,000
Street	this home 0.0201 · comparable -0.0298	+$49,701
Floor area	this home 148 m² · comparable 121 m²	+$43,200
Micro-location	this home -0.0221 · comparable 0.0155	−$37,450
Land size	this home 414 m² · comparable 508 m²	−$14,363
Distance to beach	this home 8.7 km · comparable 7.6 km	−$5,378
Year built	this home 1999 · comparable 1996	+$4,901
Net adjustment		−$155,254

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

18 Nisbet Place

Sold 14 January 2026 · 0.52 km away

Sold for

$1,215,000

Adjusted to this home

$1,050,262

What we added and subtracted to make this sale comparable to 24 Red Ash Court
Street	this home 0.0201 · comparable 0.15	−$126,262
Micro-location	this home -0.0221 · comparable 0.0484	−$68,526
Land size	this home 414 m² · comparable 858 m²	−$67,843
Bedrooms	this home 4 · comparable 3	+$63,461
Floor area	this home 148 m² · comparable 110.21 m²	+$60,464
Condition	this home 6 · comparable 7	−$48,600
Cladding	this home 3 · comparable 2	+$14,400
Year built	this home 1999 · comparable 1994	+$8,168
Net adjustment		−$164,738

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

34 Merridown Drive

Sold 6 July 2026 · 0.78 km away

Sold for

$1,425,000

Adjusted to this home

$1,083,000

What we added and subtracted to make this sale comparable to 24 Red Ash Court
Car spaces	this home 2 · comparable 6	−$123,206
Micro-location	this home -0.0221 · comparable 0.1211	−$93,353
Street	this home 0.0201 · comparable 0.1323	−$73,144
Pool	this home 0 · comparable 1	−$29,736
Land size	this home 414 m² · comparable 737 m²	−$28,223
Floor area	this home 148 m² · comparable 160 m²	−$10,979
Year built	this home 1999 · comparable 1990	+$8,407
Cladding	this home 3 · comparable 2	+$8,234
Net adjustment		−$342,000

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

5 Felix Court

Sold 27 April 2026 · 1.01 km away

Sold for

$1,330,000

Adjusted to this home

$1,061,970

What we added and subtracted to make this sale comparable to 24 Red Ash Court
Car spaces	this home 2 · comparable 4	−$107,726
Micro-location	this home -0.0221 · comparable 0.0405	−$66,606
Floor area	this home 148 m² · comparable 181.6 m²	−$53,760
Condition	this home 6 · comparable 7	−$53,200
Street	this home 0.0201 · comparable 0.005	+$16,066
Cladding	this home 3 · comparable 2	+$14,400
Land size	this home 414 m² · comparable 487 m²	−$11,154
Year built	this home 1999 · comparable 2002	−$4,901
Distance to beach	this home 8.7 km · comparable 7.92 km	−$1,149
Net adjustment		−$268,030

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

12 Macallan Street

Sold 23 March 2026 · 0.72 km away

Sold for

$1,440,000

Adjusted to this home

$1,094,400

What we added and subtracted to make this sale comparable to 24 Red Ash Court
Floor area	this home 148 m² · comparable 251 m²	−$75,176
Car spaces	this home 2 · comparable 5	−$73,711
Micro-location	this home -0.0221 · comparable 0.1113	−$70,102
Street	this home 0.0201 · comparable 0.15	−$68,262
Condition	this home 6 · comparable 7	−$26,275
Pool	this home 0 · comparable 1	−$23,721
Land size	this home 414 m² · comparable 735 m²	−$22,374
Year built	this home 1999 · comparable 1989	+$7,452
Cladding	this home 3 · comparable 2	+$6,569
Net adjustment		−$345,600

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.

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 24 Red Ash Court 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 24 Red Ash Court over the past 18 months, compared it with Merrimac’s wider market, and examined the indicators most likely to reveal what happens next.

24 Red Ash Court

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The 8 sales behind that range — and every adjustment

13 Willunga Place

14 Griffon Street

3 Fairbank Court

73 Kingarry Circuit

18 Nisbet Place

34 Merridown Drive

5 Felix Court

12 Macallan Street

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 24 Red Ash Court sit?

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