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 Dorothy Place

Sold 27 March 2026 · 0.20 km away

Sold for

$1,300,000

Adjusted to this home

$1,288,504

What we added and subtracted to make this sale comparable to 38 Southlake Drive
Floor area	this home 122 m² · comparable 129.58 m²	−$15,094
Land size	this home 434 m² · comparable 410 m²	+$10,560
Micro-location	this home 0.0396 · comparable 0.0479	−$8,632
Distance to beach	this home 3.61 km · comparable 3.81 km	+$4,680
Year built	this home 1993 · comparable 1995	−$3,010
Net adjustment		−$11,496

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

6 Pristine Court

Sold 30 June 2026 · 0.38 km away

Sold for

$1,220,000

Adjusted to this home

$1,270,693

What we added and subtracted to make this sale comparable to 38 Southlake Drive
Street	this home 0.0515 · comparable -0.0146	+$64,514
Floor area	this home 122 m² · comparable 143.96 m²	−$43,726
Micro-location	this home 0.0396 · comparable 0.0126	+$26,352
Land size	this home 434 m² · comparable 426 m²	+$3,520
Distance to beach	this home 3.61 km · comparable 3.68 km	+$1,538
Year built	this home 1993 · comparable 1994	−$1,505
Net adjustment		+$50,693

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

28 Pristine Court

Sold 8 October 2026 · 0.48 km away

Sold for

$1,170,000

Adjusted to this home

$1,201,994

What we added and subtracted to make this sale comparable to 38 Southlake Drive
Street	this home 0.0515 · comparable -0.0146	+$61,870
Floor area	this home 122 m² · comparable 141.71 m²	−$39,246
Land size	this home 434 m² · comparable 414 m²	+$8,800
Micro-location	this home 0.0396 · comparable 0.0342	+$5,054
Year built	this home 1993 · comparable 1995	−$3,010
Distance to beach	this home 3.61 km · comparable 3.54 km	−$1,474
Net adjustment		+$31,994

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.56 km away

Sold for

$1,400,000

Adjusted to this home

$1,369,042

What we added and subtracted to make this sale comparable to 38 Southlake Drive
Floor area	this home 122 m² · comparable 145 m²	−$45,798
Cladding	this home 2 · comparable 3	−$36,546
Micro-location	this home 0.0396 · comparable 0.0223	+$19,376
Street	this home 0.0515 · comparable 0.0386	+$14,448
Land size	this home 434 m² · comparable 405 m²	+$12,760
Distance to beach	this home 3.61 km · comparable 3.92 km	+$7,812
Year built	this home 1993 · comparable 1995	−$3,010
Net adjustment		−$30,958

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

3 Massachusetts Court

Sold 22 July 2026 · 0.67 km away

Sold for

$1,400,000

Adjusted to this home

$1,365,729

What we added and subtracted to make this sale comparable to 38 Southlake Drive
Micro-location	this home 0.0396 · comparable 0.0574	−$19,936
Distance to beach	this home 3.61 km · comparable 3.1 km	−$12,852
Street	this home 0.0515 · comparable 0.0616	−$11,312
Land size	this home 434 m² · comparable 410 m²	+$10,560
Year built	this home 1993 · comparable 1996	−$4,514
Floor area	this home 122 m² · comparable 120.1 m²	+$3,783
Net adjustment		−$34,271

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

16 Dartmouth Court

Sold 9 December 2025 · 0.52 km away

Sold for

$1,300,000

Adjusted to this home

$1,294,192

What we added and subtracted to make this sale comparable to 38 Southlake Drive
Street	this home 0.0515 · comparable -0.0087	+$62,608
Floor area	this home 122 m² · comparable 147.57 m²	−$50,915
Micro-location	this home 0.0396 · comparable 0.0576	−$18,720
Land size	this home 434 m² · comparable 400 m²	+$14,960
Distance to beach	this home 3.61 km · comparable 3.28 km	−$7,722
Year built	this home 1993 · comparable 1997	−$6,019
Net adjustment		−$5,808

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

4 Pascali Court

Sold 5 August 2026 · 0.39 km away

Sold for

$1,150,000

Adjusted to this home

$1,252,426

What we added and subtracted to make this sale comparable to 38 Southlake Drive
Street	this home 0.0515 · comparable -0.0364	+$80,868
Micro-location	this home 0.0396 · comparable 0.0123	+$25,116
Floor area	this home 122 m² · comparable 125.33 m²	−$6,630
Land size	this home 434 m² · comparable 423 m²	+$4,840
Year built	this home 1993 · comparable 1995	−$3,010
Distance to beach	this home 3.61 km · comparable 3.67 km	+$1,242
Net adjustment		+$102,426

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

31 Roundelay Drive

Sold 30 July 2026 · 0.29 km away

Sold for

$1,380,000

Adjusted to this home

$1,417,448

What we added and subtracted to make this sale comparable to 38 Southlake Drive
Street	this home 0.0515 · comparable -0.023	+$82,248
Floor area	this home 122 m² · comparable 151.3 m²	−$58,342
Micro-location	this home 0.0396 · comparable 0.0311	+$9,384
Land size	this home 434 m² · comparable 420 m²	+$6,160
Year built	this home 1993 · comparable 1994	−$1,505
Distance to beach	this home 3.61 km · comparable 3.59 km	−$497
Net adjustment		+$37,448

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.

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 38 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 38 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

41 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 →

38 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 Dorothy Place

6 Pristine Court

28 Pristine Court

9 Gainsborough Drive

3 Massachusetts Court

16 Dartmouth Court

4 Pascali Court

31 Roundelay Drive

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