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.

3 Massachusetts Court

Sold 22 July 2026 · 0.63 km away

Sold for

$1,400,000

Adjusted to this home

$1,379,404

What we added and subtracted to make this sale comparable to 27 Southlake Drive
Bedrooms	this home 3 · comparable 4	−$101,798
Land size	this home 591 m² · comparable 410 m²	+$79,640
Car spaces	this home 4 · comparable 2	+$64,000
Condition	this home 8 · comparable 7	+$56,000
Pool	this home 0 · comparable 1	−$45,144
Floor area	this home 110 m² · comparable 120.1 m²	−$24,232
Micro-location	this home 0.0363 · comparable 0.0574	−$23,632
Street	this home 0.0515 · comparable 0.0616	−$11,312
Distance to beach	this home 3.51 km · comparable 3.1 km	−$10,332
Year built	this home 1992 · comparable 1996	−$3,786
Net adjustment		−$20,596

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

31 Roundelay Drive

Sold 30 July 2026 · 0.37 km away

Sold for

$1,380,000

Adjusted to this home

$1,406,438

What we added and subtracted to make this sale comparable to 27 Southlake Drive
Bedrooms	this home 3 · comparable 4	−$101,798
Floor area	this home 110 m² · comparable 151.3 m²	−$99,087
Street	this home 0.0515 · comparable -0.023	+$82,248
Land size	this home 591 m² · comparable 420 m²	+$75,240
Car spaces	this home 4 · comparable 2	+$64,000
Micro-location	this home 0.0363 · comparable 0.0311	+$5,741
Distance to beach	this home 3.51 km · comparable 3.59 km	+$1,987
Year built	this home 1992 · comparable 1994	−$1,893
Net adjustment		+$26,438

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

8 Cumberland Drive

Sold 3 June 2026 · 0.27 km away

Sold for

$1,415,000

Adjusted to this home

$1,331,831

What we added and subtracted to make this sale comparable to 27 Southlake Drive
Floor area	this home 110 m² · comparable 167.88 m²	−$138,866
Car spaces	this home 4 · comparable 2	+$64,000
Condition	this home 8 · comparable 7	+$56,600
Land size	this home 591 m² · comparable 703 m²	−$49,280
Micro-location	this home 0.0363 · comparable 0.0462	−$11,207
Street	this home 0.0515 · comparable 0.0563	−$5,434
Distance to beach	this home 3.51 km · comparable 3.55 km	+$1,018
Net adjustment		−$83,169

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

16 Stanford Avenue

Sold 25 September 2026 · 0.63 km away

Sold for

$1,185,000

Adjusted to this home

$1,211,619

What we added and subtracted to make this sale comparable to 27 Southlake Drive
Floor area	this home 110 m² · comparable 149.41 m²	−$94,553
Land size	this home 591 m² · comparable 420 m²	+$75,240
Car spaces	this home 4 · comparable 2	+$64,000
Condition	this home 8 · comparable 7	+$47,400
Micro-location	this home 0.0363 · comparable 0.0704	−$32,326
Cladding	this home 2 · comparable 3	−$16,345
Distance to beach	this home 3.51 km · comparable 2.9 km	−$13,011
Year built	this home 1992 · comparable 1996	−$3,786
Net adjustment		+$26,619

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.57 km away

Sold for

$1,400,000

Adjusted to this home

$1,438,000

What we added and subtracted to make this sale comparable to 27 Southlake Drive
Floor area	this home 110 m² · comparable 145 m²	−$83,972
Land size	this home 591 m² · comparable 405 m²	+$81,840
Car spaces	this home 4 · comparable 2	+$64,000
Pool	this home 0 · comparable 1	−$45,144
Cladding	this home 2 · comparable 3	−$16,345
Micro-location	this home 0.0363 · comparable 0.0223	+$15,680
Street	this home 0.0515 · comparable 0.0386	+$14,448
Distance to beach	this home 3.51 km · comparable 3.92 km	+$10,332
Year built	this home 1992 · comparable 1995	−$2,839
Net adjustment		+$38,000

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

28 Pristine Court

Sold 8 October 2026 · 0.54 km away

Sold for

$1,170,000

Adjusted to this home

$1,299,087

What we added and subtracted to make this sale comparable to 27 Southlake Drive
Land size	this home 591 m² · comparable 414 m²	+$77,880
Floor area	this home 110 m² · comparable 141.71 m²	−$76,078
Car spaces	this home 4 · comparable 2	+$64,000
Street	this home 0.0515 · comparable -0.0146	+$61,870
Condition	this home 8 · comparable 7	+$46,800
Pool	this home 0 · comparable 1	−$45,144
Year built	this home 1992 · comparable 1995	−$2,839
Micro-location	this home 0.0363 · comparable 0.0342	+$1,966
Distance to beach	this home 3.51 km · comparable 3.54 km	+$632
Net adjustment		+$129,087

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

36 Roundelay Drive

Sold 23 December 2025 · 0.31 km away

Sold for

$1,352,000

Adjusted to this home

$1,360,522

What we added and subtracted to make this sale comparable to 27 Southlake Drive
Floor area	this home 110 m² · comparable 161 m²	−$122,359
Condition	this home 8 · comparable 9	−$81,120
Street	this home 0.0515 · comparable -0.023	+$80,579
Land size	this home 591 m² · comparable 415 m²	+$77,440
Car spaces	this home 4 · comparable 2	+$64,000
Cladding	this home 2 · comparable 3	−$16,345
Micro-location	this home 0.0363 · comparable 0.0287	+$8,220
Year built	this home 1992 · comparable 1994	−$1,893
Net adjustment		+$8,522

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

6 Pristine Court

Sold 30 June 2026 · 0.47 km away

Sold for

$1,220,000

Adjusted to this home

$1,364,609

What we added and subtracted to make this sale comparable to 27 Southlake Drive
Floor area	this home 110 m² · comparable 143.96 m²	−$81,477
Land size	this home 591 m² · comparable 426 m²	+$72,600
Street	this home 0.0515 · comparable -0.0146	+$64,514
Car spaces	this home 4 · comparable 2	+$64,000
Micro-location	this home 0.0363 · comparable 0.0126	+$23,131
Distance to beach	this home 3.51 km · comparable 3.68 km	+$3,734
Year built	this home 1992 · comparable 1994	−$1,893
Net adjustment		+$144,609

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 27 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 27 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 →

27 Southlake Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

3 Massachusetts Court

31 Roundelay Drive

8 Cumberland Drive

16 Stanford Avenue

9 Gainsborough Drive

28 Pristine Court

36 Roundelay Drive

6 Pristine Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 27 Southlake Drive sit?