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.

39 Brier Crescent

Sold 16 May 2026 · 0.96 km away

Sold for

$1,302,000

Adjusted to this home

$1,277,422

What we added and subtracted to make this sale comparable to 47 Palma Crescent
Condition	this home 6 · comparable 8	−$104,160
Micro-location	this home 0.0811 · comparable 0.0157	+$68,121
Street	this home 0.0399 · comparable -0.0225	+$64,996
Bedrooms	this home 4 · comparable 3	+$62,146
Land size	this home 596 m² · comparable 708 m²	−$49,280
Car spaces	this home 2 · comparable 3	−$36,295
Year built	this home 2005 · comparable 2013	−$29,536
Cladding	this home 3 · comparable 1	+$20,011
Distance to beach	this home 5.2 km · comparable 4.35 km	−$14,609
Floor area	this home 136 m² · comparable 141 m²	−$5,972
Net adjustment		−$24,578

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

41 Gerona Circuit

Sold 26 May 2026 · 0.30 km away

Sold for

$1,410,000

Adjusted to this home

$1,304,403

What we added and subtracted to make this sale comparable to 47 Palma Crescent
Condition	this home 6 · comparable 7	−$56,400
Floor area	this home 136 m² · comparable 174 m²	−$45,387
Street	this home 0.0399 · comparable 0.0518	−$13,423
Year built	this home 2005 · comparable 2003	+$7,384
Land size	this home 596 m² · comparable 586 m²	+$4,400
Micro-location	this home 0.0811 · comparable 0.0822	−$1,241
Distance to beach	this home 5.2 km · comparable 5.15 km	−$930
Net adjustment		−$105,597

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

9 Gainsborough Drive

Sold 14 September 2026 · 1.35 km away

Sold for

$1,400,000

Adjusted to this home

$1,421,330

What we added and subtracted to make this sale comparable to 47 Palma Crescent
Condition	this home 6 · comparable 8	−$112,000
Land size	this home 596 m² · comparable 405 m²	+$84,040
Pool	this home 0 · comparable 1	−$82,146
Micro-location	this home 0.0811 · comparable 0.0223	+$65,856
Bedrooms	this home 4 · comparable 3	+$62,146
Year built	this home 2005 · comparable 1995	+$36,920
Distance to beach	this home 5.2 km · comparable 3.92 km	−$24,192
Floor area	this home 136 m² · comparable 145 m²	−$10,750
Street	this home 0.0399 · comparable 0.0386	+$1,456
Net adjustment		+$21,330

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

34 Gerona Circuit

Sold 1 December 2025 · 0.27 km away

Sold for

$1,280,000

Adjusted to this home

$1,303,105

What we added and subtracted to make this sale comparable to 47 Palma Crescent
Condition	this home 6 · comparable 8	−$102,400
Land size	this home 596 m² · comparable 400 m²	+$86,240
Floor area	this home 136 m² · comparable 91.75 m²	+$52,852
Street	this home 0.0399 · comparable 0.0518	−$12,186
Year built	this home 2005 · comparable 2003	+$7,384
Micro-location	this home 0.0811 · comparable 0.0877	−$6,758
Distance to beach	this home 5.2 km · comparable 5.08 km	−$2,027
Net adjustment		+$23,105

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

40 Gerona Circuit

Sold 26 May 2026 · 0.29 km away

Sold for

$1,410,000

Adjusted to this home

$1,271,492

What we added and subtracted to make this sale comparable to 47 Palma Crescent
Land size	this home 596 m² · comparable 400 m²	+$86,240
Pool	this home 0 · comparable 1	−$82,146
Floor area	this home 136 m² · comparable 188 m²	−$62,109
Condition	this home 6 · comparable 7	−$56,400
Micro-location	this home 0.0811 · comparable 0.0943	−$14,890
Street	this home 0.0399 · comparable 0.0518	−$13,423
Year built	this home 2005 · comparable 2003	+$7,384
Distance to beach	this home 5.2 km · comparable 5.03 km	−$3,164
Net adjustment		−$138,508

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

3 Avellino Drive

Sold 19 January 2026 · 0.97 km away

Sold for

$1,350,000

Adjusted to this home

$1,290,094

What we added and subtracted to make this sale comparable to 47 Palma Crescent
Land size	this home 596 m² · comparable 350 m²	+$108,240
Micro-location	this home 0.0811 · comparable 0.1354	−$58,644
Condition	this home 6 · comparable 7	−$54,000
Floor area	this home 136 m² · comparable 181 m²	−$53,748
Distance to beach	this home 5.2 km · comparable 4.48 km	−$12,830
Year built	this home 2005 · comparable 2002	+$11,076
Net adjustment		−$59,906

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

11 Grenada Court

Sold 12 June 2026 · 0.86 km away

Sold for

$1,350,000

Adjusted to this home

$1,413,450

What we added and subtracted to make this sale comparable to 47 Palma Crescent
Land size	this home 596 m² · comparable 295 m²	+$132,440
Condition	this home 6 · comparable 8	−$108,000
Bedrooms	this home 4 · comparable 3	+$62,146
Micro-location	this home 0.0811 · comparable 0.1321	−$55,080
Floor area	this home 136 m² · comparable 118.7 m²	+$20,663
Year built	this home 2005 · comparable 2002	+$11,076
Cladding	this home 3 · comparable 2	+$10,006
Distance to beach	this home 5.2 km · comparable 4.65 km	−$9,801
Net adjustment		+$63,450

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

13 Acklin Court

Sold 2 September 2026 · 1.11 km away

Sold for

$1,110,000

Adjusted to this home

$1,201,604

What we added and subtracted to make this sale comparable to 47 Palma Crescent
Land size	this home 596 m² · comparable 375 m²	+$97,240
Bedrooms	this home 4 · comparable 3	+$62,146
Condition	this home 6 · comparable 7	−$44,400
Micro-location	this home 0.0811 · comparable 0.1014	−$18,026
Distance to beach	this home 5.2 km · comparable 4.16 km	−$15,238
Year built	this home 2005 · comparable 2002	+$11,076
Floor area	this home 136 m² · comparable 137 m²	−$1,194
Net adjustment		+$91,604

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 47 Palma 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 47 Palma 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

18 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 →

47 Palma Crescent

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

39 Brier Crescent

41 Gerona Circuit

9 Gainsborough Drive

34 Gerona Circuit

40 Gerona Circuit

3 Avellino Drive

11 Grenada Court

13 Acklin Court

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