38 Morshead Street, Tugun — Off-Market Report

The 10 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.

59 Toolona Street

Sold 29 April 2026 · 0.76 km away

Sold for

$1,540,000

Adjusted to this home

$1,528,865

What we added and subtracted to make this sale comparable to 38 Morshead Street
Bedrooms	this home 4 · comparable 3	+$68,000
Micro-location	this home 0.0239 · comparable 0.0688	−$55,317
Bathrooms	this home 1 · comparable 2	−$48,000
Car spaces	this home 1 · comparable 2	−$28,000
Floor area	this home 120 m² · comparable 107 m²	+$26,000
Cladding	this home 2 · comparable 1	+$16,000
Year built	this home 1995 · comparable 1989	+$14,400
Distance to beach	this home 7.9 km · comparable 7.18 km	−$11,975
Land size	this home 429 m² · comparable 405 m²	+$7,757
Net adjustment		−$11,135

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

16 Monash Street

Sold 13 August 2026 · 0.22 km away

Sold for

$1,255,000

Adjusted to this home

$1,373,159

What we added and subtracted to make this sale comparable to 38 Morshead Street
Bedrooms	this home 4 · comparable 3	+$68,000
Floor area	this home 120 m² · comparable 97 m²	+$46,000
Year built	this home 1995 · comparable 2002	−$16,800
Micro-location	this home 0.0239 · comparable 0.0121	+$11,847
Land size	this home 429 m² · comparable 405 m²	+$7,757
Distance to beach	this home 7.9 km · comparable 8.09 km	+$1,355
Net adjustment		+$118,159

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

47 Toolona Street

Sold 26 March 2026 · 0.74 km away

Sold for

$1,475,000

Adjusted to this home

$1,440,617

What we added and subtracted to make this sale comparable to 38 Morshead Street
Bedrooms	this home 4 · comparable 3	+$68,000
Micro-location	this home 0.0239 · comparable 0.0804	−$66,670
Bathrooms	this home 1 · comparable 2	−$48,000
Year built	this home 1995 · comparable 1980	+$36,000
Floor area	this home 120 m² · comparable 130 m²	−$20,000
Distance to beach	this home 7.9 km · comparable 7.18 km	−$11,470
Land size	this home 429 m² · comparable 405 m²	+$7,757
Net adjustment		−$34,383

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

9 Morshead Street

Sold 0.20 km away

Sold for

$1,649,000

Adjusted to this home

$1,511,576

What we added and subtracted to make this sale comparable to 38 Morshead Street
Micro-location	this home 0.0239 · comparable 0.15	−$166,351
Floor area	this home 120 m² · comparable 92 m²	+$56,000
Bathrooms	this home 1 · comparable 2	−$48,000
Year built	this home 1995 · comparable 1978	+$40,800
Land size	this home 429 m² · comparable 496 m²	−$21,654
Distance to beach	this home 7.9 km · comparable 8.1 km	+$1,781
Net adjustment		−$137,424

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

14 Mirreen Drive

Sold 2 March 2026 · 0.87 km away

Sold for

$1,480,000

Adjusted to this home

$1,405,566

What we added and subtracted to make this sale comparable to 38 Morshead Street
Land size	this home 429 m² · comparable 817 m²	−$125,402
Bedrooms	this home 4 · comparable 3	+$68,000
Car spaces	this home 1 · comparable 2	−$28,000
Year built	this home 1995 · comparable 1986	+$21,600
Micro-location	this home 0.0239 · comparable 0.0291	−$6,157
Distance to beach	this home 7.9 km · comparable 7.62 km	−$4,475
Net adjustment		−$74,434

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

3 Castle Court

Sold 22 April 2026 · 0.38 km away

Sold for

$1,680,000

Adjusted to this home

$1,442,540

What we added and subtracted to make this sale comparable to 38 Morshead Street
Floor area	this home 120 m² · comparable 198 m²	−$156,000
Bathrooms	this home 1 · comparable 3	−$96,000
Bedrooms	this home 4 · comparable 3	+$68,000
Land size	this home 429 m² · comparable 600 m²	−$55,267
Micro-location	this home 0.0239 · comparable -0.0065	+$40,858
Car spaces	this home 1 · comparable 2	−$28,000
Year built	this home 1995 · comparable 1999	−$9,600
Distance to beach	this home 7.9 km · comparable 7.82 km	−$1,451
Net adjustment		−$237,460

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

9 Armina Court

Sold 4 November 2025 · 0.55 km away

Sold for

$1,260,000

Adjusted to this home

$1,274,178

What we added and subtracted to make this sale comparable to 38 Morshead Street
Bedrooms	this home 4 · comparable 3	+$68,000
Micro-location	this home 0.0239 · comparable -0.0122	+$36,389
Floor area	this home 120 m² · comparable 137 m²	−$34,000
Car spaces	this home 1 · comparable 2	−$28,000
Land size	this home 429 m² · comparable 480 m²	−$16,483
Year built	this home 1995 · comparable 2000	−$12,000
Distance to beach	this home 7.9 km · comparable 7.92 km	+$272
Net adjustment		+$14,178

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

8 Costelloe Street

Sold 7 May 2026 · 1.08 km away

Sold for

$1,675,000

Adjusted to this home

$1,370,849

What we added and subtracted to make this sale comparable to 38 Morshead Street
Land size	this home 429 m² · comparable 808 m²	−$122,493
Floor area	this home 120 m² · comparable 158 m²	−$76,000
Bathrooms	this home 1 · comparable 2	−$48,000
Micro-location	this home 0.0239 · comparable 0.0502	−$35,242
Car spaces	this home 1 · comparable 2	−$28,000
Year built	this home 1995 · comparable 1988	+$16,800
Distance to beach	this home 7.9 km · comparable 7.28 km	−$11,216
Net adjustment		−$304,151

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

48 West Wyberba Street

Sold 17 June 2026 · 0.92 km away

Sold for

$1,800,000

Adjusted to this home

$1,493,898

What we added and subtracted to make this sale comparable to 38 Morshead Street
Bathrooms	this home 1 · comparable 3	−$96,000
Micro-location	this home 0.0239 · comparable 0.0747	−$73,152
Floor area	this home 120 m² · comparable 147 m²	−$54,000
Year built	this home 1995 · comparable 2014	−$45,600
Car spaces	this home 1 · comparable 2	−$28,000
Distance to beach	this home 7.9 km · comparable 7.02 km	−$17,107
Land size	this home 429 m² · comparable 405 m²	+$7,757
Net adjustment		−$306,102

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

24 Nangana Street

Sold 7 May 2026 · 0.81 km away

Sold for

$1,900,000

Adjusted to this home

$1,368,001

What we added and subtracted to make this sale comparable to 38 Morshead Street
Land size	this home 429 m² · comparable 3853 m²	−$452,878
Floor area	this home 120 m² · comparable 159 m²	−$31,921
Bathrooms	this home 1 · comparable 2	−$19,643
Micro-location	this home 0.0239 · comparable 0.0509	−$16,795
Car spaces	this home 1 · comparable 2	−$11,458
Cladding	this home 2 · comparable 1	+$6,548
Distance to beach	this home 7.9 km · comparable 7.32 km	−$4,870
Year built	this home 1995 · comparable 1996	−$982
Net adjustment		−$531,999

A further 8 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 38 Morshead Street 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 38 Morshead Street over the past 18 months, compared it with Tugun’s wider market, and examined the indicators most likely to reveal what happens next.

38 Morshead Street

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The 10 sales behind that range — and every adjustment

59 Toolona Street

16 Monash Street

47 Toolona Street

9 Morshead Street

14 Mirreen Drive

3 Castle Court

9 Armina Court

8 Costelloe Street

48 West Wyberba Street

24 Nangana Street

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 38 Morshead Street sit?

Your home

See your home the way a buyer does

6 Taperell Drive

23 Wagawn Street

30 O'Connor Street

19 San Michele Street

8 Costelloe Street

19 Winders Avenue

39A Dilgara Street

106 Illawarra Crescent

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