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.

288 Christine Avenue

Sold 13 August 2026 · 0.41 km away

Sold for

$1,420,000

Adjusted to this home

$1,386,327

What we added and subtracted to make this sale comparable to 47 Southlake Drive
Water views	this home 0 · comparable 1	−$242,326
Pool	this home 1 · comparable 0	+$80,606
Car spaces	this home 4 · comparable 2	+$64,000
Condition	this home 7 · comparable 6	+$56,800
Bedrooms	this home 4 · comparable 3	+$47,845
Cladding	this home 3 · comparable 2	+$35,605
Land size	this home 659 m² · comparable 729 m²	−$30,800
Micro-location	this home 0.0363 · comparable 0.0586	−$25,333
Floor area	this home 145 m² · comparable 153.5 m²	−$17,136
Distance to beach	this home 3.57 km · comparable 3.17 km	−$10,224
Street	this home 0.0515 · comparable 0.0431	+$9,542
Year built	this home 1993 · comparable 1994	−$2,252
Net adjustment		−$33,673

A further 6 factors were compared and found the same on both properties, so no money moved.

15 Southlake Drive

Sold 9 September 2026 · 0.22 km away

Sold for

$1,430,000

Adjusted to this home

$1,366,460

What we added and subtracted to make this sale comparable to 47 Southlake Drive
Water views	this home 0 · comparable 1	−$242,326
Pool	this home 1 · comparable 0	+$80,606
Car spaces	this home 4 · comparable 2	+$64,000
Land size	this home 659 m² · comparable 591 m²	+$29,920
Floor area	this home 145 m² · comparable 141 m²	+$8,064
Micro-location	this home 0.0363 · comparable 0.0385	−$2,517
Distance to beach	this home 3.57 km · comparable 3.52 km	−$1,287
Net adjustment		−$63,540

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

28 Seafoam Close

Sold 27 October 2025 · 0.16 km away

Sold for

$1,545,000

Adjusted to this home

$1,555,248

What we added and subtracted to make this sale comparable to 47 Southlake Drive
Pool	this home 1 · comparable 0	+$80,606
Car spaces	this home 4 · comparable 2	+$64,000
Street	this home 0.0515 · comparable 0.0909	−$48,698
Floor area	this home 145 m² · comparable 167 m²	−$44,352
Land size	this home 659 m² · comparable 734 m²	−$33,000
Distance to beach	this home 3.57 km · comparable 3.41 km	−$4,450
Year built	this home 1993 · comparable 1994	−$2,252
Micro-location	this home 0.0363 · comparable 0.0376	−$1,606
Net adjustment		+$10,248

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

34 Seafoam Close

Sold 13 October 2025 · 0.14 km away

Sold for

$1,450,000

Adjusted to this home

$1,558,147

What we added and subtracted to make this sale comparable to 47 Southlake Drive
Pool	this home 1 · comparable 0	+$80,606
Car spaces	this home 4 · comparable 2	+$64,000
Floor area	this home 145 m² · comparable 169 m²	−$48,384
Bedrooms	this home 4 · comparable 3	+$47,845
Street	this home 0.0515 · comparable 0.0909	−$45,704
Land size	this home 659 m² · comparable 624 m²	+$15,400
Distance to beach	this home 3.57 km · comparable 3.45 km	−$3,132
Year built	this home 1993 · comparable 1994	−$2,252
Micro-location	this home 0.0363 · comparable 0.0365	−$232
Net adjustment		+$108,147

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

6 Massachusetts Court

Sold 17 August 2026 · 0.62 km away

Sold for

$1,800,000

Adjusted to this home

$1,450,576

What we added and subtracted to make this sale comparable to 47 Southlake Drive
Water views	this home 0 · comparable 1	−$242,326
Floor area	this home 145 m² · comparable 255 m²	−$221,760
Pool	this home 1 · comparable 0	+$80,606
Condition	this home 7 · comparable 6	+$72,000
Car spaces	this home 4 · comparable 2	+$64,000
Micro-location	this home 0.0363 · comparable 0.0585	−$31,968
Air conditioning	this home 0 · comparable 1	−$20,000
Distance to beach	this home 3.57 km · comparable 3.05 km	−$16,848
Street	this home 0.0515 · comparable 0.0616	−$14,544
Land size	this home 659 m² · comparable 691 m²	−$14,080
Year built	this home 1993 · comparable 1995	−$4,504
Net adjustment		−$349,424

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

21 Washington Court

Sold 17 June 2026 · 0.59 km away

Sold for

$2,050,000

Adjusted to this home

$1,506,495

What we added and subtracted to make this sale comparable to 47 Southlake Drive
Water views	this home 0 · comparable 1	−$242,326
Street	this home 0.0515 · comparable 0.15	−$161,540
Floor area	this home 145 m² · comparable 212.39 m²	−$135,858
Car spaces	this home 4 · comparable 2	+$64,000
Storeys	this home 1 · comparable 2	−$34,578
Micro-location	this home 0.0363 · comparable 0.0526	−$26,732
Land size	this home 659 m² · comparable 629 m²	+$13,200
Distance to beach	this home 3.57 km · comparable 3.22 km	−$12,915
Year built	this home 1993 · comparable 1996	−$6,756
Net adjustment		−$543,505

A further 9 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 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 47 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)

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

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 →

47 Southlake Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 6 sales behind that range — and every adjustment

288 Christine Avenue

15 Southlake Drive

28 Seafoam Close

34 Seafoam Close

6 Massachusetts Court

21 Washington Court

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