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.

9 Gainsborough Drive

Sold 14 September 2026 · 1.15 km away

Sold for

$1,400,000

Adjusted to this home

$1,410,989

What we added and subtracted to make this sale comparable to 3 Palma Crescent
Micro-location	this home 0.1059 · comparable 0.0223	+$93,632
Pool	this home 0 · comparable 1	−$78,558
Bedrooms	this home 4 · comparable 3	+$62,462
Condition	this home 7 · comparable 8	−$56,000
Land size	this home 350 m² · comparable 405 m²	−$24,200
Year built	this home 2003 · comparable 1995	+$22,400
Distance to beach	this home 4.94 km · comparable 3.92 km	−$19,387
Floor area	this home 153 m² · comparable 145 m²	+$9,184
Street	this home 0.0399 · comparable 0.0386	+$1,456
Net adjustment		+$10,989

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

39 Brier Crescent

Sold 16 May 2026 · 0.86 km away

Sold for

$1,302,000

Adjusted to this home

$1,265,407

What we added and subtracted to make this sale comparable to 3 Palma Crescent
Land size	this home 350 m² · comparable 708 m²	−$157,520
Micro-location	this home 0.1059 · comparable 0.0157	+$93,952
Street	this home 0.0399 · comparable -0.0225	+$64,996
Bedrooms	this home 4 · comparable 3	+$62,462
Condition	this home 7 · comparable 8	−$52,080
Car spaces	this home 2 · comparable 3	−$45,063
Year built	this home 2003 · comparable 2013	−$28,000
Cladding	this home 3 · comparable 1	+$21,024
Floor area	this home 153 m² · comparable 141 m²	+$13,776
Distance to beach	this home 4.94 km · comparable 4.35 km	−$10,140
Net adjustment		−$36,593

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

41 Gerona Circuit

Sold 26 May 2026 · 0.26 km away

Sold for

$1,410,000

Adjusted to this home

$1,299,272

What we added and subtracted to make this sale comparable to 3 Palma Crescent
Land size	this home 350 m² · comparable 586 m²	−$103,840
Micro-location	this home 0.1059 · comparable 0.0822	+$26,734
Floor area	this home 153 m² · comparable 174 m²	−$24,108
Street	this home 0.0399 · comparable 0.0518	−$13,423
Distance to beach	this home 4.94 km · comparable 5.15 km	+$3,909
Net adjustment		−$110,728

A further 13 factors were compared and found the same on both properties, so no money moved.

34 Gerona Circuit

Sold 1 December 2025 · 0.18 km away

Sold for

$1,280,000

Adjusted to this home

$1,285,932

What we added and subtracted to make this sale comparable to 3 Palma Crescent
Floor area	this home 153 m² · comparable 91.75 m²	+$70,315
Condition	this home 7 · comparable 8	−$51,200
Land size	this home 350 m² · comparable 400 m²	−$22,000
Micro-location	this home 0.1059 · comparable 0.0877	+$18,637
Street	this home 0.0399 · comparable 0.0518	−$12,186
Distance to beach	this home 4.94 km · comparable 5.08 km	+$2,366
Net adjustment		+$5,932

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

40 Gerona Circuit

Sold 26 May 2026 · 0.14 km away

Sold for

$1,410,000

Adjusted to this home

$1,270,599

What we added and subtracted to make this sale comparable to 3 Palma Crescent
Pool	this home 0 · comparable 1	−$78,558
Floor area	this home 153 m² · comparable 188 m²	−$40,180
Land size	this home 350 m² · comparable 400 m²	−$22,000
Street	this home 0.0399 · comparable 0.0518	−$13,423
Micro-location	this home 0.1059 · comparable 0.0943	+$13,085
Distance to beach	this home 4.94 km · comparable 5.03 km	+$1,675
Net adjustment		−$139,401

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

11 Grenada Court

Sold 12 June 2026 · 0.59 km away

Sold for

$1,350,000

Adjusted to this home

$1,401,886

What we added and subtracted to make this sale comparable to 3 Palma Crescent
Bedrooms	this home 4 · comparable 3	+$62,462
Condition	this home 7 · comparable 8	−$54,000
Floor area	this home 153 m² · comparable 118.7 m²	+$39,376
Micro-location	this home 0.1059 · comparable 0.1321	−$28,296
Land size	this home 350 m² · comparable 295 m²	+$24,200
Cladding	this home 3 · comparable 2	+$10,512
Distance to beach	this home 4.94 km · comparable 4.65 km	−$5,168
Year built	this home 2003 · comparable 2002	+$2,800
Net adjustment		+$51,886

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

13 Acklin Court

Sold 2 September 2026 · 0.82 km away

Sold for

$1,110,000

Adjusted to this home

$1,175,197

What we added and subtracted to make this sale comparable to 3 Palma Crescent
Bedrooms	this home 4 · comparable 3	+$62,462
Floor area	this home 153 m² · comparable 137 m²	+$18,368
Distance to beach	this home 4.94 km · comparable 4.16 km	−$11,429
Land size	this home 350 m² · comparable 375 m²	−$11,000
Micro-location	this home 0.1059 · comparable 0.1014	+$3,996
Year built	this home 2003 · comparable 2002	+$2,800
Net adjustment		+$65,197

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

16 Marciana Crescent

Sold 31 July 2026 · 0.25 km away

Sold for

$1,225,000

Adjusted to this home

$1,370,999

What we added and subtracted to make this sale comparable to 3 Palma Crescent
Bedrooms	this home 4 · comparable 3	+$62,462
Condition	this home 7 · comparable 6	+$49,000
Cladding	this home 3 · comparable 2	+$10,512
Street	this home 0.0399 · comparable 0.0317	+$8,036
Floor area	this home 153 m² · comparable 147 m²	+$6,888
Micro-location	this home 0.1059 · comparable 0.0998	+$5,978
Year built	this home 2003 · comparable 2002	+$2,800
Distance to beach	this home 4.94 km · comparable 4.96 km	+$323
Net adjustment		+$145,999

A further 10 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 3 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 3 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

14 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 →

3 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

9 Gainsborough Drive

39 Brier Crescent

41 Gerona Circuit

34 Gerona Circuit

40 Gerona Circuit

11 Grenada Court

13 Acklin Court

16 Marciana Crescent

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 3 Palma Crescent sit?