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 · 1.11 km away

Sold for

$1,745,000

Adjusted to this home

$1,746,007

What we added and subtracted to make this sale comparable to 49 Observatory Drive
Floor area	this home 187 m² · comparable 315 m²	−$304,640
Condition	this home 9 · comparable 7	+$174,500
Car spaces	this home 2 · comparable 4	−$64,000
Pool	this home 1 · comparable 0	+$64,000
Bathrooms	this home 3 · comparable 2	+$60,000
Street	this home 0.0018 · comparable -0.0355	+$52,070
Cladding	this home 3 · comparable 2	+$20,000
Distance to beach	this home 6.73 km · comparable 5.86 km	−$16,982
Micro-location	this home 0.0401 · comparable 0.032	+$11,307
Year built	this home 2005 · comparable 2002	+$7,200
Land size	this home 812 m² · comparable 914 m²	−$2,448
Net adjustment		+$1,007

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

$1,748,416

What we added and subtracted to make this sale comparable to 49 Observatory Drive
Floor area	this home 187 m² · comparable 272 m²	−$202,300
Condition	this home 9 · comparable 8	+$102,000
Bedrooms	this home 5 · comparable 4	+$88,000
Bathrooms	this home 3 · comparable 2	+$60,000
Street	this home 0.0018 · comparable 0.0117	−$13,464
Micro-location	this home 0.0401 · comparable 0.0338	+$8,568
Distance to beach	this home 6.73 km · comparable 7.02 km	+$5,324
Land size	this home 812 m² · comparable 700 m²	+$2,688
Year built	this home 2005 · comparable 2006	−$2,400
Net adjustment		+$48,416

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

4 Skyburnett Street Reedy Creek

Sold 11 December 2025 · 0.59 km away

Sold for

$1,855,000

Adjusted to this home

$1,820,184

What we added and subtracted to make this sale comparable to 49 Observatory Drive
Street	this home 0.0018 · comparable 0.0863	−$125,398
Bedrooms	this home 5 · comparable 4	+$88,000
Bathrooms	this home 3 · comparable 2	+$60,000
Micro-location	this home 0.0401 · comparable 0.0558	−$23,298
Air conditioning	this home 0 · comparable 1	−$20,000
Floor area	this home 187 m² · comparable 194.59 m²	−$18,064
Distance to beach	this home 6.73 km · comparable 7.2 km	+$9,416
Year built	this home 2005 · comparable 2007	−$4,800
Land size	this home 812 m² · comparable 840 m²	−$672
Net adjustment		−$34,816

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 · 0.38 km away

Sold for

$1,740,000

Adjusted to this home

$1,573,382

What we added and subtracted to make this sale comparable to 49 Observatory Drive
Floor area	this home 187 m² · comparable 312 m²	−$297,500
Condition	this home 9 · comparable 7	+$174,000
Bedrooms	this home 5 · comparable 4	+$88,000
Street	this home 0.0018 · comparable 0.0394	−$52,339
Storeys	this home 1 · comparable 2	−$40,000
Micro-location	this home 0.0401 · comparable 0.0644	−$33,826
Distance to beach	this home 6.73 km · comparable 6.34 km	−$7,329
Year built	this home 2005 · comparable 2003	+$4,800
Land size	this home 812 m² · comparable 913 m²	−$2,424
Net adjustment		−$166,618

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

43 Worchester Terrace

Sold 23 April 2026 · 0.77 km away

Sold for

$2,020,000

Adjusted to this home

$1,797,306

What we added and subtracted to make this sale comparable to 49 Observatory Drive
Floor area	this home 187 m² · comparable 259 m²	−$171,360
Bedrooms	this home 5 · comparable 4	+$88,000
Car spaces	this home 2 · comparable 4	−$64,000
Street	this home 0.0018 · comparable 0.0375	−$57,691
Storeys	this home 1 · comparable 2	−$40,000
Distance to beach	this home 6.73 km · comparable 7.45 km	+$15,707
Micro-location	this home 0.0401 · comparable 0.036	+$6,626
Land size	this home 812 m² · comparable 611 m²	+$4,824
Year built	this home 2005 · comparable 2007	−$4,800
Net adjustment		−$222,694

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

14 Gordonia Drive

Sold 1.30 km away

Sold for

$1,595,000

Adjusted to this home

$1,533,296

What we added and subtracted to make this sale comparable to 49 Observatory Drive
Floor area	this home 187 m² · comparable 267 m²	−$190,400
Bedrooms	this home 5 · comparable 4	+$88,000
Bathrooms	this home 3 · comparable 2	+$60,000
Micro-location	this home 0.0401 · comparable 0.0034	+$46,830
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 6.73 km · comparable 5.54 km	−$22,260
Year built	this home 2005 · comparable 2003	+$4,800
Land size	this home 812 m² · comparable 813 m²	−$24
Net adjustment		−$61,704

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

20 Barton Street

Sold 10 June 2026 · 0.06 km away

Sold for

$1,907,500

Adjusted to this home

$1,715,955

What we added and subtracted to make this sale comparable to 49 Observatory Drive
Floor area	this home 187 m² · comparable 274 m²	−$207,060
Street	this home 0.0018 · comparable 0.0503	−$74,011
Bathrooms	this home 3 · comparable 2	+$60,000
Cladding	this home 3 · comparable 1	+$40,000
Micro-location	this home 0.0401 · comparable 0.0488	−$13,276
Year built	this home 2005 · comparable 2004	+$2,400
Distance to beach	this home 6.73 km · comparable 6.76 km	+$618
Land size	this home 812 m² · comparable 821 m²	−$216
Net adjustment		−$191,545

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

11 Koolang Crescent Reedy Creek

Sold 27 November 2025 · 0.37 km away

Sold for

$1,748,000

Adjusted to this home

$1,798,629

What we added and subtracted to make this sale comparable to 49 Observatory Drive
Bedrooms	this home 5 · comparable 4	+$88,000
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
Bathrooms	this home 3 · comparable 2	+$60,000
Storeys	this home 1 · comparable 2	−$40,000
Micro-location	this home 0.0401 · comparable 0.0297	+$14,543
Distance to beach	this home 6.73 km · comparable 7.08 km	+$6,607
Year built	this home 2005 · comparable 2006	−$2,400
Land size	this home 812 m² · comparable 728 m²	+$2,016
Floor area	this home 187 m² · comparable 187.28 m²	−$666
Net adjustment		+$50,629

A further 7 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 49 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 49 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.

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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

49 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

19 Grove Creek Close

43 Worchester Terrace

14 Gordonia Drive

20 Barton Street

11 Koolang Crescent Reedy Creek

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 49 Observatory Drive sit?

Your home

See your home the way a buyer does

32 Grove Creek Close

14 Worchester Terrace

14 Gordonia Drive

34 Coronata Place

148 Barden Ridge Road

25 Culgoora Crescent

26 Protea Ct

42 Cordyline Drive

My downloads

Valuation Report

Property Positioning Report

Market Update Report

Why I built Fields