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.

2 Coffeebush Court

Sold 1 September 2026 · 1.09 km away

Sold for

$1,745,000

Adjusted to this home

$1,709,685

What we added and subtracted to make this sale comparable to 47 Observatory Drive
Floor area	this home 235 m² · comparable 315 m²	−$190,400
Condition	this home 9 · comparable 7	+$174,500
Bedrooms	this home 4 · comparable 5	−$88,000
Car spaces	this home 2 · comparable 4	−$64,000
Pool	this home 1 · comparable 0	+$64,000
Street	this home 0.0018 · comparable -0.0355	+$52,070
Cladding	this home 3 · comparable 2	+$20,000
Distance to beach	this home 6.71 km · comparable 5.86 km	−$16,606
Micro-location	this home 0.0398 · comparable 0.032	+$10,889
Year built	this home 2004 · comparable 2002	+$4,800
Land size	this home 807 m² · comparable 914 m²	−$2,568
Net adjustment		−$35,315

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

10 Stargate Court

Sold 26 May 2026 · 0.45 km away

Sold for

$1,700,000

Adjusted to this home

$1,712,095

What we added and subtracted to make this sale comparable to 47 Observatory Drive
Condition	this home 9 · comparable 8	+$102,000
Floor area	this home 235 m² · comparable 272 m²	−$88,060
Street	this home 0.0018 · comparable 0.0117	−$13,464
Micro-location	this home 0.0398 · comparable 0.0338	+$8,160
Distance to beach	this home 6.71 km · comparable 7.02 km	+$5,691
Year built	this home 2004 · comparable 2006	−$4,800
Land size	this home 807 m² · comparable 700 m²	+$2,568
Net adjustment		+$12,095

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

4 Skyburnett Street Reedy Creek

Sold 11 December 2025 · 0.61 km away

Sold for

$1,855,000

Adjusted to this home

$1,783,859

What we added and subtracted to make this sale comparable to 47 Observatory Drive
Street	this home 0.0018 · comparable 0.0863	−$125,398
Floor area	this home 235 m² · comparable 194.59 m²	+$96,176
Micro-location	this home 0.0398 · comparable 0.0558	−$23,744
Air conditioning	this home 0 · comparable 1	−$20,000
Distance to beach	this home 6.71 km · comparable 7.2 km	+$9,817
Year built	this home 2004 · comparable 2007	−$7,200
Land size	this home 807 m² · comparable 840 m²	−$792
Net adjustment		−$71,141

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

43 Worchester Terrace

Sold 23 April 2026 · 0.79 km away

Sold for

$2,020,000

Adjusted to this home

$1,760,978

What we added and subtracted to make this sale comparable to 47 Observatory Drive
Car spaces	this home 2 · comparable 4	−$64,000
Bathrooms	this home 2 · comparable 3	−$60,000
Street	this home 0.0018 · comparable 0.0375	−$57,691
Floor area	this home 235 m² · comparable 259 m²	−$57,120
Storeys	this home 1 · comparable 2	−$40,000
Distance to beach	this home 6.71 km · comparable 7.45 km	+$16,144
Year built	this home 2004 · comparable 2007	−$7,200
Micro-location	this home 0.0398 · comparable 0.036	+$6,141
Land size	this home 807 m² · comparable 611 m²	+$4,704
Net adjustment		−$259,022

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

19 Grove Creek Close

Sold 8 June 2026 · 0.37 km away

Sold for

$1,740,000

Adjusted to this home

$1,537,061

What we added and subtracted to make this sale comparable to 47 Observatory Drive
Floor area	this home 235 m² · comparable 312 m²	−$183,260
Condition	this home 9 · comparable 7	+$174,000
Bathrooms	this home 2 · comparable 3	−$60,000
Street	this home 0.0018 · comparable 0.0394	−$52,339
Storeys	this home 1 · comparable 2	−$40,000
Micro-location	this home 0.0398 · comparable 0.0644	−$34,243
Distance to beach	this home 6.71 km · comparable 6.34 km	−$6,953
Land size	this home 807 m² · comparable 913 m²	−$2,544
Year built	this home 2004 · comparable 2003	+$2,400
Net adjustment		−$202,939

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

11 Koolang Crescent Reedy Creek

Sold 27 November 2025 · 0.38 km away

Sold for

$1,748,000

Adjusted to this home

$1,762,308

What we added and subtracted to make this sale comparable to 47 Observatory Drive
Floor area	this home 235 m² · comparable 187.28 m²	+$113,574
Street	this home 0.0018 · comparable 0.0572	−$77,471
Car spaces	this home 2 · comparable 4	−$64,000
Pool	this home 1 · comparable 0	+$64,000
Storeys	this home 1 · comparable 2	−$40,000
Micro-location	this home 0.0398 · comparable 0.0297	+$14,124
Distance to beach	this home 6.71 km · comparable 7.08 km	+$6,985
Year built	this home 2004 · comparable 2006	−$4,800
Land size	this home 807 m² · comparable 728 m²	+$1,896
Net adjustment		+$14,308

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

14 Gordonia Drive

Sold 1.28 km away

Sold for

$1,595,000

Adjusted to this home

$1,496,977

What we added and subtracted to make this sale comparable to 47 Observatory Drive
Floor area	this home 235 m² · comparable 267 m²	−$76,160
Micro-location	this home 0.0398 · comparable 0.0034	+$46,446
Storeys	this home 1 · comparable 2	−$40,000
Car spaces	this home 2 · comparable 3	−$32,000
Street	this home 0.0018 · comparable -0.0165	+$23,350
Distance to beach	this home 6.71 km · comparable 5.54 km	−$21,915
Year built	this home 2004 · comparable 2003	+$2,400
Land size	this home 807 m² · comparable 813 m²	−$144
Net adjustment		−$98,023

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

20 Barton Street

Sold 10 June 2026 · 0.08 km away

Sold for

$1,907,500

Adjusted to this home

$1,679,629

What we added and subtracted to make this sale comparable to 47 Observatory Drive
Floor area	this home 235 m² · comparable 274 m²	−$92,820
Bedrooms	this home 4 · comparable 5	−$88,000
Street	this home 0.0018 · comparable 0.0503	−$74,011
Cladding	this home 3 · comparable 1	+$40,000
Micro-location	this home 0.0398 · comparable 0.0488	−$13,734
Distance to beach	this home 6.71 km · comparable 6.76 km	+$1,030
Land size	this home 807 m² · comparable 821 m²	−$336
Net adjustment		−$227,871

A further 11 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 47 Observatory 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 47 Observatory Drive over the past 18 months, compared it with Reedy Creek’s wider market, and examined the indicators most likely to reveal what happens next.

Your home

Locked

See your home the way a buyer does

Enter your address to unlock its comparable sales range, condition score and what else is for sale on your street.

No email or phone needed

My downloads

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.

📈

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

47 Observatory Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

2 Coffeebush Court

10 Stargate Court

4 Skyburnett Street Reedy Creek

43 Worchester Terrace

19 Grove Creek Close

11 Koolang Crescent Reedy Creek

14 Gordonia Drive

20 Barton Street

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 47 Observatory Drive sit?

Your home

See your home the way a buyer does

39 Meridien Avenue

14 Grove Creek Close

34 Willow Tree Drive

9 Southern Skies Avenue

41 Heights Drive

12 Grove Creek Close

14 Worchester Terrace

14 Gordonia Drive

My downloads

Valuation Report

Property Positioning Report

Market Update Report

Why I built Fields