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 · 0.78 km away

Sold for

$1,800,000

Adjusted to this home

$1,710,236

What we added and subtracted to make this sale comparable to 3 Southlake Drive
Water views	this home 0 · comparable 1	−$207,633
Bedrooms	this home 5 · comparable 4	+$75,082
Car spaces	this home 4 · comparable 2	+$64,000
Floor area	this home 270 m² · comparable 255 m²	+$30,864
Micro-location	this home 0.0441 · comparable 0.0585	−$20,736
Air conditioning	this home 0 · comparable 1	−$20,000
Pool	this home 1 · comparable 0	+$15,685
Distance to beach	this home 3.51 km · comparable 3.05 km	−$14,904
Street	this home 0.0515 · comparable 0.0616	−$14,544
Land size	this home 798 m² · comparable 691 m²	+$6,848
Year built	this home 1992 · comparable 1995	−$4,426
Net adjustment		−$89,764

A further 7 factors were compared and found the same on both properties, so no money moved.

21 Washington Court

Sold 17 June 2026 · 0.82 km away

Sold for

$2,050,000

Adjusted to this home

$1,878,721

What we added and subtracted to make this sale comparable to 3 Southlake Drive
Water views	this home 0 · comparable 1	−$207,633
Street	this home 0.0515 · comparable 0.15	−$161,540
Floor area	this home 270 m² · comparable 212.39 m²	+$118,538
Bedrooms	this home 5 · comparable 4	+$75,082
Car spaces	this home 4 · comparable 2	+$64,000
Storeys	this home 1 · comparable 2	−$40,000
Micro-location	this home 0.0441 · comparable 0.0526	−$13,940
Land size	this home 798 m² · comparable 629 m²	+$10,816
Distance to beach	this home 3.51 km · comparable 3.22 km	−$10,701
Year built	this home 1992 · comparable 1996	−$5,901
Net adjustment		−$171,279

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

15 Southlake Drive

Sold 9 September 2026 · 0.09 km away

Sold for

$1,430,000

Adjusted to this home

$1,661,001

What we added and subtracted to make this sale comparable to 3 Southlake Drive
Floor area	this home 270 m² · comparable 141 m²	+$265,430
Water views	this home 0 · comparable 1	−$207,633
Bedrooms	this home 5 · comparable 4	+$75,082
Car spaces	this home 4 · comparable 2	+$64,000
Pool	this home 1 · comparable 0	+$15,685
Land size	this home 798 m² · comparable 591 m²	+$13,248
Micro-location	this home 0.0441 · comparable 0.0385	+$6,406
Year built	this home 1992 · comparable 1993	−$1,475
Distance to beach	this home 3.51 km · comparable 3.52 km	+$258
Net adjustment		+$231,001

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

288 Christine Avenue

Sold 13 August 2026 · 0.53 km away

Sold for

$1,420,000

Adjusted to this home

$1,687,771

What we added and subtracted to make this sale comparable to 3 Southlake Drive
Floor area	this home 270 m² · comparable 153.5 m²	+$239,710
Water views	this home 0 · comparable 1	−$207,633
Bedrooms	this home 5 · comparable 3	+$150,163
Car spaces	this home 4 · comparable 2	+$64,000
Cladding	this home 3 · comparable 2	+$20,000
Micro-location	this home 0.0441 · comparable 0.0586	−$16,472
Pool	this home 1 · comparable 0	+$15,685
Street	this home 0.0515 · comparable 0.0431	+$9,542
Distance to beach	this home 3.51 km · comparable 3.17 km	−$8,690
Land size	this home 798 m² · comparable 729 m²	+$4,416
Year built	this home 1992 · comparable 1994	−$2,950
Net adjustment		+$267,771

A further 7 factors were compared and found the same on both properties, so no money moved.

4 Barbie Avenue

Sold 5 August 2026 · 0.51 km away

Sold for

$1,515,000

Adjusted to this home

$1,815,899

What we added and subtracted to make this sale comparable to 3 Southlake Drive
Floor area	this home 270 m² · comparable 151 m²	+$244,854
Bedrooms	this home 5 · comparable 4	+$75,082
Cladding	this home 3 · comparable 4	−$20,000
Micro-location	this home 0.0441 · comparable 0.0574	−$16,120
Land size	this home 798 m² · comparable 570 m²	+$14,592
Distance to beach	this home 3.51 km · comparable 3.98 km	+$12,817
Year built	this home 1992 · comparable 1999	−$10,326
Net adjustment		+$300,899

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

8 Cumberland Drive

Sold 3 June 2026 · 0.09 km away

Sold for

$1,415,000

Adjusted to this home

$1,760,314

What we added and subtracted to make this sale comparable to 3 Southlake Drive
Floor area	this home 270 m² · comparable 167.88 m²	+$157,990
Bedrooms	this home 5 · comparable 3	+$112,907
Car spaces	this home 4 · comparable 2	+$48,122
Cladding	this home 3 · comparable 2	+$15,038
Pool	this home 1 · comparable 0	+$11,794
Land size	this home 798 m² · comparable 703 m²	+$4,571
Street	this home 0.0515 · comparable 0.0563	−$4,086
Micro-location	this home 0.0441 · comparable 0.0462	−$1,788
Distance to beach	this home 3.51 km · comparable 3.55 km	+$766
Net adjustment		+$345,314

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

31 Roundelay Drive

Sold 30 July 2026 · 0.55 km away

Sold for

$1,380,000

Adjusted to this home

$1,780,099

What we added and subtracted to make this sale comparable to 3 Southlake Drive
Floor area	this home 270 m² · comparable 151.3 m²	+$181,354
Street	this home 0.0515 · comparable -0.023	+$61,072
Bedrooms	this home 5 · comparable 4	+$55,750
Car spaces	this home 4 · comparable 2	+$47,522
Land size	this home 798 m² · comparable 420 m²	+$17,963
Cladding	this home 3 · comparable 2	+$14,850
Pool	this home 1 · comparable 0	+$11,646
Micro-location	this home 0.0441 · comparable 0.0311	+$10,657
Year built	this home 1992 · comparable 1994	−$2,190
Distance to beach	this home 3.51 km · comparable 3.59 km	+$1,475
Net adjustment		+$400,099

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.46 km away

Sold for

$1,400,000

Adjusted to this home

$1,812,507

What we added and subtracted to make this sale comparable to 3 Southlake Drive
Floor area	this home 270 m² · comparable 145 m²	+$196,009
Bedrooms	this home 5 · comparable 3	+$114,438
Car spaces	this home 4 · comparable 2	+$48,774
Land size	this home 798 m² · comparable 405 m²	+$19,168
Micro-location	this home 0.0441 · comparable 0.0223	+$18,607
Street	this home 0.0515 · comparable 0.0386	+$11,010
Distance to beach	this home 3.51 km · comparable 3.92 km	+$7,874
Year built	this home 1992 · comparable 1995	−$3,373
Net adjustment		+$412,507

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 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 3 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

18 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 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

6 Massachusetts Court

21 Washington Court

15 Southlake Drive

288 Christine Avenue

4 Barbie Avenue

8 Cumberland Drive

31 Roundelay Drive

9 Gainsborough Drive

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