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.

8 Cumberland Drive

Sold 3 June 2026 · 0.37 km away

Sold for

$1,415,000

Adjusted to this home

$1,397,648

What we added and subtracted to make this sale comparable to 46 Southlake Drive
Land size	this home 432 m² · comparable 703 m²	−$119,240
Floor area	this home 120 m² · comparable 167.88 m²	−$95,338
Pool	this home 1 · comparable 0	+$82,603
Condition	this home 8 · comparable 7	+$56,600
Cladding	this home 3 · comparable 2	+$36,546
Car spaces	this home 3 · comparable 2	+$32,000
Street	this home 0.0515 · comparable 0.0563	−$5,434
Distance to beach	this home 3.68 km · comparable 3.55 km	−$3,311
Micro-location	this home 0.0433 · comparable 0.0462	−$3,283
Year built	this home 1993 · comparable 1992	+$1,505
Net adjustment		−$17,352

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.53 km away

Sold for

$1,400,000

Adjusted to this home

$1,435,106

What we added and subtracted to make this sale comparable to 46 Southlake Drive
Floor area	this home 120 m² · comparable 145 m²	−$49,780
Car spaces	this home 3 · comparable 2	+$32,000
Micro-location	this home 0.0433 · comparable 0.0223	+$23,520
Street	this home 0.0515 · comparable 0.0386	+$14,448
Land size	this home 432 m² · comparable 405 m²	+$11,880
Distance to beach	this home 3.68 km · comparable 3.92 km	+$6,048
Year built	this home 1993 · comparable 1995	−$3,010
Net adjustment		+$35,106

A further 11 factors were compared and found the same on both properties, so no money moved.

3 Massachusetts Court

Sold 22 July 2026 · 0.72 km away

Sold for

$1,400,000

Adjusted to this home

$1,435,544

What we added and subtracted to make this sale comparable to 46 Southlake Drive
Condition	this home 8 · comparable 7	+$56,000
Bedrooms	this home 3 · comparable 4	−$52,249
Cladding	this home 3 · comparable 2	+$36,546
Car spaces	this home 3 · comparable 2	+$32,000
Micro-location	this home 0.0433 · comparable 0.0574	−$15,792
Distance to beach	this home 3.68 km · comparable 3.1 km	−$14,616
Street	this home 0.0515 · comparable 0.0616	−$11,312
Land size	this home 432 m² · comparable 410 m²	+$9,680
Year built	this home 1993 · comparable 1996	−$4,514
Floor area	this home 120 m² · comparable 120.1 m²	−$199
Net adjustment		+$35,544

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

15 Comore Drive

Sold 16 January 2026 · 0.40 km away

Sold for

$1,350,000

Adjusted to this home

$1,366,625

What we added and subtracted to make this sale comparable to 46 Southlake Drive
Floor area	this home 120 m² · comparable 184 m²	−$127,437
Condition	this home 8 · comparable 6	+$108,000
Pool	this home 1 · comparable 0	+$82,603
Bedrooms	this home 3 · comparable 4	−$52,249
Cladding	this home 3 · comparable 2	+$36,546
Micro-location	this home 0.0433 · comparable 0.0738	−$32,940
Car spaces	this home 3 · comparable 2	+$32,000
Street	this home 0.0515 · comparable 0.0785	−$29,160
Year built	this home 1993 · comparable 2002	−$13,543
Distance to beach	this home 3.68 km · comparable 4.06 km	+$8,845
Land size	this home 432 m² · comparable 423 m²	+$3,960
Net adjustment		+$16,625

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

16 Stanford Avenue

Sold 25 September 2026 · 0.79 km away

Sold for

$1,185,000

Adjusted to this home

$1,246,879

What we added and subtracted to make this sale comparable to 46 Southlake Drive
Pool	this home 1 · comparable 0	+$82,603
Floor area	this home 120 m² · comparable 149.41 m²	−$58,561
Condition	this home 8 · comparable 7	+$47,400
Car spaces	this home 3 · comparable 2	+$32,000
Micro-location	this home 0.0433 · comparable 0.0704	−$25,691
Distance to beach	this home 3.68 km · comparable 2.9 km	−$16,638
Land size	this home 432 m² · comparable 420 m²	+$5,280
Year built	this home 1993 · comparable 1996	−$4,514
Net adjustment		+$61,879

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

28 Pristine Court

Sold 8 October 2026 · 0.50 km away

Sold for

$1,170,000

Adjusted to this home

$1,314,466

What we added and subtracted to make this sale comparable to 46 Southlake Drive
Street	this home 0.0515 · comparable -0.0146	+$61,870
Condition	this home 8 · comparable 7	+$46,800
Floor area	this home 120 m² · comparable 141.71 m²	−$43,229
Cladding	this home 3 · comparable 2	+$36,546
Car spaces	this home 3 · comparable 2	+$32,000
Micro-location	this home 0.0433 · comparable 0.0342	+$8,518
Land size	this home 432 m² · comparable 414 m²	+$7,920
Year built	this home 1993 · comparable 1995	−$3,010
Distance to beach	this home 3.68 km · comparable 3.54 km	−$2,949
Net adjustment		+$144,466

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

$1,378,710

What we added and subtracted to make this sale comparable to 46 Southlake Drive
Condition	this home 8 · comparable 6	+$80,908
Street	this home 0.0515 · comparable -0.0364	+$71,118
Cladding	this home 3 · comparable 2	+$32,140
Car spaces	this home 3 · comparable 2	+$28,142
Micro-location	this home 0.0433 · comparable 0.0123	+$25,082
Floor area	this home 120 m² · comparable 125.33 m²	−$9,334
Land size	this home 432 m² · comparable 423 m²	+$3,482
Year built	this home 1993 · comparable 1995	−$2,646
Distance to beach	this home 3.68 km · comparable 3.67 km	−$182
Net adjustment		+$228,710

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

56 Southlake Drive

Sold 21 July 2026 · 0.08 km away

Sold for

$1,660,000

Adjusted to this home

$1,462,796

What we added and subtracted to make this sale comparable to 46 Southlake Drive
Condition	this home 8 · comparable 9	−$99,600
Bedrooms	this home 3 · comparable 4	−$52,249
Floor area	this home 120 m² · comparable 133 m²	−$25,886
Air conditioning	this home 0 · comparable 1	−$20,000
Distance to beach	this home 3.68 km · comparable 3.76 km	+$2,390
Micro-location	this home 0.0433 · comparable 0.0447	−$1,859
Net adjustment		−$197,204

A further 12 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 46 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 46 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

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 →

46 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

8 Cumberland Drive

9 Gainsborough Drive

3 Massachusetts Court

15 Comore Drive

16 Stanford Avenue

28 Pristine Court

4 Pascali Court

56 Southlake Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 46 Southlake Drive sit?