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 · 0.67 km away

Sold for

$1,515,000

Adjusted to this home

$1,856,421

What we added and subtracted to make this sale comparable to 40 Silvabank Drive
Floor area	this home 272 m² · comparable 151 m²	+$251,002
Bedrooms	this home 5 · comparable 4	+$76,989
Bathrooms	this home 3 · comparable 2	+$46,435
Cladding	this home 2 · comparable 4	−$40,000
Land size	this home 969 m² · comparable 570 m²	+$19,152
Distance to beach	this home 3.41 km · comparable 3.98 km	+$15,544
Micro-location	this home 0.0451 · comparable 0.0574	−$14,907
Year built	this home 1991 · comparable 1999	−$12,794
Net adjustment		+$341,421

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

3 Massachusetts Court

Sold 22 July 2026 · 0.85 km away

Sold for

$1,400,000

Adjusted to this home

$1,711,339

What we added and subtracted to make this sale comparable to 40 Silvabank Drive
Floor area	this home 272 m² · comparable 120.1 m²	+$152,434
Condition	this home 9 · comparable 7	+$67,726
Bedrooms	this home 5 · comparable 4	+$37,244
Car spaces	this home 4 · comparable 2	+$30,961
Bathrooms	this home 3 · comparable 2	+$22,463
Land size	this home 969 m² · comparable 410 m²	+$12,980
Micro-location	this home 0.0451 · comparable 0.0574	−$6,664
Year built	this home 1991 · comparable 1996	−$3,868
Distance to beach	this home 3.41 km · comparable 3.1 km	−$3,779
Street	this home 0.065 · comparable 0.0616	+$1,842
Net adjustment		+$311,339

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

18 Massachusetts Court

Sold 9 July 2026 · 0.74 km away

Sold for

$1,450,000

Adjusted to this home

$1,797,999

What we added and subtracted to make this sale comparable to 40 Silvabank Drive
Floor area	this home 272 m² · comparable 137 m²	+$228,667
Bedrooms	this home 5 · comparable 4	+$62,864
Car spaces	this home 4 · comparable 2	+$52,258
Bathrooms	this home 3 · comparable 2	+$37,916
Micro-location	this home 0.0451 · comparable 0.0654	−$19,228
Cladding	this home 2 · comparable 3	−$16,330
Land size	this home 969 m² · comparable 630 m²	+$13,286
Year built	this home 1991 · comparable 1997	−$7,835
Distance to beach	this home 3.41 km · comparable 3.09 km	−$6,820
Street	this home 0.065 · comparable 0.0616	+$3,221
Net adjustment		+$347,999

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

31 Roundelay Drive

Sold 30 July 2026 · 0.70 km away

Sold for

$1,380,000

Adjusted to this home

$1,759,298

What we added and subtracted to make this sale comparable to 40 Silvabank Drive
Floor area	this home 272 m² · comparable 151.3 m²	+$141,129
Street	this home 0.065 · comparable -0.023	+$54,761
Condition	this home 9 · comparable 8	+$46,671
Bedrooms	this home 5 · comparable 4	+$43,395
Car spaces	this home 4 · comparable 2	+$36,074
Bathrooms	this home 3 · comparable 2	+$26,174
Land size	this home 969 m² · comparable 420 m²	+$14,854
Micro-location	this home 0.0451 · comparable 0.0311	+$8,712
Pool	this home 1 · comparable 0	+$7,712
Year built	this home 1991 · comparable 1994	−$2,704
Distance to beach	this home 3.41 km · comparable 3.59 km	+$2,520
Net adjustment		+$379,298

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

32 Warbler Parade

Sold 5 December 2025 · 0.87 km away

Sold for

$1,580,000

Adjusted to this home

$1,850,363

What we added and subtracted to make this sale comparable to 40 Silvabank Drive
Floor area	this home 272 m² · comparable 205.68 m²	+$137,574
Bedrooms	this home 5 · comparable 4	+$76,989
Car spaces	this home 4 · comparable 2	+$64,000
Bathrooms	this home 3 · comparable 2	+$46,435
Distance to beach	this home 3.41 km · comparable 2.66 km	−$21,330
Cladding	this home 2 · comparable 3	−$20,000
Land size	this home 969 m² · comparable 653 m²	+$15,168
Street	this home 0.065 · comparable 0.0764	−$14,410
Year built	this home 1991 · comparable 1996	−$7,996
Micro-location	this home 0.0451 · comparable 0.0499	−$6,067
Net adjustment		+$270,363

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

5 Pristine Court

Sold 21 November 2025 · 0.79 km away

Sold for

$1,490,000

Adjusted to this home

$1,855,436

What we added and subtracted to make this sale comparable to 40 Silvabank Drive
Floor area	this home 272 m² · comparable 225 m²	+$66,712
Street	this home 0.065 · comparable -0.0146	+$64,924
Condition	this home 9 · comparable 8	+$61,172
Bedrooms	this home 5 · comparable 4	+$52,680
Car spaces	this home 4 · comparable 2	+$43,792
Bathrooms	this home 3 · comparable 2	+$31,774
Micro-location	this home 0.0451 · comparable 0.0136	+$25,692
Land size	this home 969 m² · comparable 401 m²	+$18,655
Distance to beach	this home 3.41 km · comparable 3.71 km	+$5,506
Year built	this home 1991 · comparable 1996	−$5,471
Net adjustment		+$365,436

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

20 Washington Court

Sold 23 December 2025 · 0.87 km away

Sold for

$1,350,000

Adjusted to this home

$1,577,040

What we added and subtracted to make this sale comparable to 40 Silvabank Drive
Floor area	this home 272 m² · comparable 154 m²	+$244,779
Water views	this home 0 · comparable 1	−$199,288
Street	this home 0.065 · comparable 0.15	−$91,800
Condition	this home 9 · comparable 8	+$81,000
Bedrooms	this home 5 · comparable 4	+$76,989
Car spaces	this home 4 · comparable 2	+$64,000
Bathrooms	this home 3 · comparable 2	+$46,435
Land size	this home 969 m² · comparable 417 m²	+$26,496
Cladding	this home 2 · comparable 3	−$20,000
Pool	this home 1 · comparable 0	+$13,682
Year built	this home 1991 · comparable 1995	−$6,397
Micro-location	this home 0.0451 · comparable 0.0497	−$4,968
Distance to beach	this home 3.41 km · comparable 3.25 km	−$3,888
Net adjustment		+$227,040

A further 5 factors were compared and found the same on both properties, so no money moved.

5 Thornleigh Crescent

Sold 11 October 2025 · 0.28 km away

Sold for

$1,975,000

Adjusted to this home

$2,004,840

What we added and subtracted to make this sale comparable to 40 Silvabank Drive
Floor area	this home 272 m² · comparable 211 m²	+$126,538
Street	this home 0.065 · comparable 0.1043	−$62,094
Storeys	this home 1 · comparable 2	−$40,000
Cladding	this home 2 · comparable 3	−$20,000
Land size	this home 969 m² · comparable 679 m²	+$13,920
Distance to beach	this home 3.41 km · comparable 3.69 km	+$9,954
Micro-location	this home 0.0451 · comparable 0.0411	+$6,320
Year built	this home 1991 · comparable 1994	−$4,798
Net adjustment		+$29,840

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 40 Silvabank 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 40 Silvabank 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

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 Silvabank Drive

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

3 Massachusetts Court

18 Massachusetts Court

31 Roundelay Drive

32 Warbler Parade

5 Pristine Court

20 Washington Court

5 Thornleigh Crescent

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