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.

4 Barbie Avenue

Sold 5 August 2026 · 0.90 km away

Sold for

$1,515,000

Adjusted to this home

$1,448,745

What we added and subtracted to make this sale comparable to 40 Majorca Crescent
Condition	this home 8 · comparable 9	−$90,900
Micro-location	this home 0.1238 · comparable 0.0574	+$80,477
Car spaces	this home 2 · comparable 4	−$64,000
Pool	this home 0 · comparable 1	−$64,000
Floor area	this home 217 m² · comparable 151 m²	+$62,990
Land size	this home 721 m² · comparable 570 m²	+$54,722
Cladding	this home 2 · comparable 4	−$40,000
Distance to beach	this home 4.67 km · comparable 3.98 km	−$13,944
Year built	this home 2002 · comparable 1999	+$8,400
Net adjustment		−$66,255

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

13 Saint Paul Crescent

Sold 31 August 2026 · 0.46 km away

Sold for

$1,590,000

Adjusted to this home

$1,450,664

What we added and subtracted to make this sale comparable to 40 Majorca Crescent
Land size	this home 721 m² · comparable 449 m²	+$98,573
Condition	this home 8 · comparable 9	−$95,400
Storeys	this home 1 · comparable 2	−$50,910
Micro-location	this home 0.1238 · comparable 0.15	−$33,326
Floor area	this home 217 m² · comparable 241.24 m²	−$23,134
Cladding	this home 2 · comparable 3	−$20,000
Bedrooms	this home 4 · comparable 5	−$7,302
Distance to beach	this home 4.67 km · comparable 4.43 km	−$5,037
Year built	this home 2002 · comparable 2003	−$2,800
Net adjustment		−$139,336

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

22 Elizabeth Crescent

Sold 16 February 2026 · 0.51 km away

Sold for

$1,570,000

Adjusted to this home

$1,551,901

What we added and subtracted to make this sale comparable to 40 Majorca Crescent
Street	this home 0.0274 · comparable 0.15	−$153,986
Land size	this home 721 m² · comparable 331 m²	+$141,336
Pool	this home 0 · comparable 1	−$64,000
Micro-location	this home 0.1238 · comparable 0.0807	+$54,134
Year built	this home 2002 · comparable 2010	−$22,400
Cladding	this home 2 · comparable 1	+$20,000
Floor area	this home 217 m² · comparable 199 m²	+$17,179
Distance to beach	this home 4.67 km · comparable 4.17 km	−$10,362
Net adjustment		−$18,099

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

5 Palma Crescent

Sold 27 March 2026 · 0.70 km away

Sold for

$1,395,000

Adjusted to this home

$1,438,911

What we added and subtracted to make this sale comparable to 40 Majorca Crescent
Water views	this home 0 · comparable 1	−$145,174
Land size	this home 721 m² · comparable 350 m²	+$134,450
Floor area	this home 217 m² · comparable 172.46 m²	+$42,509
Micro-location	this home 0.1238 · comparable 0.0871	+$40,958
Cladding	this home 2 · comparable 3	−$20,000
Street	this home 0.0274 · comparable 0.0399	−$13,950
Distance to beach	this home 4.67 km · comparable 5.1 km	+$7,918
Year built	this home 2002 · comparable 2003	−$2,800
Net adjustment		+$43,911

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

40 Gerona Circuit

Sold 26 May 2026 · 0.60 km away

Sold for

$1,410,000

Adjusted to this home

$1,536,061

What we added and subtracted to make this sale comparable to 40 Majorca Crescent
Land size	this home 721 m² · comparable 400 m²	+$116,330
Pool	this home 0 · comparable 1	−$64,000
Condition	this home 8 · comparable 7	+$56,400
Micro-location	this home 0.1238 · comparable 0.0943	+$33,276
Floor area	this home 217 m² · comparable 188 m²	+$27,678
Street	this home 0.0274 · comparable 0.0518	−$27,523
Cladding	this home 2 · comparable 3	−$20,000
Distance to beach	this home 4.67 km · comparable 5.03 km	+$6,700
Year built	this home 2002 · comparable 2003	−$2,800
Net adjustment		+$126,061

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

95 Bayswater Ave

Sold 7 March 2026 · 0.18 km away

Sold for

$1,682,500

Adjusted to this home

$1,497,599

What we added and subtracted to make this sale comparable to 40 Majorca Crescent
Condition	this home 8 · comparable 9	−$100,950
Land size	this home 721 m² · comparable 488 m²	+$84,439
Floor area	this home 217 m² · comparable 294.19 m²	−$73,670
Storeys	this home 1 · comparable 2	−$50,910
Bathrooms	this home 2 · comparable 3	−$20,432
Cladding	this home 2 · comparable 3	−$20,000
Micro-location	this home 0.1238 · comparable 0.116	+$10,499
Bedrooms	this home 4 · comparable 5	−$7,302
Distance to beach	this home 4.67 km · comparable 4.5 km	−$3,775
Year built	this home 2002 · comparable 2003	−$2,800
Net adjustment		−$184,901

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

41 Gerona Circuit

Sold 26 May 2026 · 0.64 km away

Sold for

$1,410,000

Adjusted to this home

$1,561,899

What we added and subtracted to make this sale comparable to 40 Majorca Crescent
Condition	this home 8 · comparable 7	+$56,400
Land size	this home 721 m² · comparable 586 m²	+$48,924
Micro-location	this home 0.1238 · comparable 0.0822	+$46,925
Floor area	this home 217 m² · comparable 174 m²	+$41,039
Street	this home 0.0274 · comparable 0.0518	−$27,523
Cladding	this home 2 · comparable 3	−$20,000
Distance to beach	this home 4.67 km · comparable 5.15 km	+$8,934
Year built	this home 2002 · comparable 2003	−$2,800
Net adjustment		+$151,899

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

13 Kodiak Drive

Sold 24 August 2026 · 0.21 km away

Sold for

$1,820,000

Adjusted to this home

$1,564,992

What we added and subtracted to make this sale comparable to 40 Majorca Crescent
Condition	this home 8 · comparable 9	−$109,200
Pool	this home 0 · comparable 1	−$64,000
Storeys	this home 1 · comparable 2	−$50,910
Car spaces	this home 2 · comparable 3	−$32,000
Land size	this home 721 m² · comparable 640 m²	+$29,354
Bathrooms	this home 2 · comparable 3	−$20,432
Cladding	this home 2 · comparable 3	−$20,000
Floor area	this home 217 m² · comparable 202.99 m²	+$13,371
Distance to beach	this home 4.67 km · comparable 4.84 km	+$4,084
Year built	this home 2002 · comparable 2003	−$2,800
Micro-location	this home 0.1238 · comparable 0.1255	−$2,475
Net adjustment		−$255,008

A further 6 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 40 Majorca 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 40 Majorca 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 →

40 Majorca Crescent

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

4 Barbie Avenue

13 Saint Paul Crescent

22 Elizabeth Crescent

5 Palma Crescent

40 Gerona Circuit

95 Bayswater Ave

41 Gerona Circuit

13 Kodiak Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 40 Majorca Crescent sit?