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.

40 Gerona Circuit

Sold 26 May 2026 · 0.58 km away

Sold for

$1,410,000

Adjusted to this home

$1,390,725

What we added and subtracted to make this sale comparable to 5 Grenada Court
Pool	this home 0 · comparable 1	−$64,000
Condition	this home 8 · comparable 7	+$56,400
Micro-location	this home 0.131 · comparable 0.0943	+$41,398
Floor area	this home 159 m² · comparable 188 m²	−$21,553
Cladding	this home 2 · comparable 3	−$20,000
Land size	this home 350 m² · comparable 400 m²	−$15,560
Distance to beach	this home 4.62 km · comparable 5.03 km	+$7,631
Year built	this home 2002 · comparable 2003	−$3,591
Net adjustment		−$19,275

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

41 Gerona Circuit

Sold 26 May 2026 · 0.64 km away

Sold for

$1,410,000

Adjusted to this home

$1,423,128

What we added and subtracted to make this sale comparable to 5 Grenada Court
Land size	this home 350 m² · comparable 586 m²	−$73,443
Condition	this home 8 · comparable 7	+$56,400
Micro-location	this home 0.131 · comparable 0.0822	+$55,046
Cladding	this home 2 · comparable 3	−$20,000
Floor area	this home 159 m² · comparable 174 m²	−$11,148
Distance to beach	this home 4.62 km · comparable 5.15 km	+$9,864
Year built	this home 2002 · comparable 2003	−$3,591
Net adjustment		+$13,128

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

11 Grenada Court

Sold 12 June 2026 · 0.04 km away

Sold for

$1,350,000

Adjusted to this home

$1,420,567

What we added and subtracted to make this sale comparable to 5 Grenada Court
Floor area	this home 159 m² · comparable 118.7 m²	+$29,951
Bedrooms	this home 4 · comparable 3	+$24,154
Land size	this home 350 m² · comparable 295 m²	+$17,116
Micro-location	this home 0.131 · comparable 0.1321	−$1,188
Distance to beach	this home 4.62 km · comparable 4.65 km	+$534
Net adjustment		+$70,567

A further 12 factors were compared and found the same on both properties, so no money moved.

3 Avellino Drive

Sold 19 January 2026 · 0.13 km away

Sold for

$1,350,000

Adjusted to this home

$1,360,404

What we added and subtracted to make this sale comparable to 5 Grenada Court
Condition	this home 8 · comparable 7	+$54,000
Cladding	this home 2 · comparable 3	−$20,000
Floor area	this home 159 m² · comparable 181 m²	−$16,350
Micro-location	this home 0.131 · comparable 0.1354	−$4,752
Distance to beach	this home 4.62 km · comparable 4.48 km	−$2,494
Net adjustment		+$10,404

A further 12 factors were compared and found the same on both properties, so no money moved.

14 Windemere Crescent

Sold 10 March 2026 · 0.85 km away

Sold for

$1,350,000

Adjusted to this home

$1,380,130

What we added and subtracted to make this sale comparable to 5 Grenada Court
Water views	this home 0 · comparable 1	−$133,938
Micro-location	this home 0.131 · comparable 0.0348	+$103,896
Condition	this home 8 · comparable 7	+$54,000
Floor area	this home 159 m² · comparable 123.36 m²	+$26,488
Bedrooms	this home 4 · comparable 3	+$24,154
Cladding	this home 2 · comparable 3	−$20,000
Land size	this home 350 m² · comparable 400 m²	−$15,560
Distance to beach	this home 4.62 km · comparable 4.12 km	−$8,910
Net adjustment		+$30,130

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

8 Morea Court

Sold 27 August 2026 · 0.89 km away

Sold for

$1,230,000

Adjusted to this home

$1,254,903

What we added and subtracted to make this sale comparable to 5 Grenada Court
Micro-location	this home 0.131 · comparable 0.0312	+$98,203
Car spaces	this home 2 · comparable 4	−$64,000
Condition	this home 8 · comparable 7	+$49,200
Land size	this home 350 m² · comparable 473 m²	−$38,278
Cladding	this home 2 · comparable 3	−$20,000
Distance to beach	this home 4.62 km · comparable 3.93 km	−$11,616
Floor area	this home 159 m² · comparable 148.5 m²	+$7,803
Year built	this home 2002 · comparable 2001	+$3,591
Net adjustment		+$24,903

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

16 Marciana Crescent

Sold 31 July 2026 · 0.42 km away

Sold for

$1,225,000

Adjusted to this home

$1,392,146

What we added and subtracted to make this sale comparable to 5 Grenada Court
Condition	this home 8 · comparable 6	+$98,000
Micro-location	this home 0.131 · comparable 0.0998	+$30,576
Bedrooms	this home 4 · comparable 3	+$24,154
Floor area	this home 159 m² · comparable 147 m²	+$8,918
Distance to beach	this home 4.62 km · comparable 4.96 km	+$5,498
Net adjustment		+$167,146

A further 12 factors were compared and found the same on both properties, so no money moved.

6 Pristine Court

Sold 30 June 2026 · 0.94 km away

Sold for

$1,220,000

Adjusted to this home

$1,358,957

What we added and subtracted to make this sale comparable to 5 Grenada Court
Micro-location	this home 0.131 · comparable 0.0126	+$115,558
Year built	this home 2002 · comparable 1994	+$28,730
Bedrooms	this home 4 · comparable 3	+$24,154
Land size	this home 350 m² · comparable 426 m²	−$23,651
Distance to beach	this home 4.62 km · comparable 3.68 km	−$17,012
Floor area	this home 159 m² · comparable 143.96 m²	+$11,178
Net adjustment		+$138,957

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 5 Grenada Court 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 5 Grenada Court 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 →

5 Grenada Court

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

40 Gerona Circuit

41 Gerona Circuit

11 Grenada Court

3 Avellino Drive

14 Windemere Crescent

8 Morea Court

16 Marciana Crescent

6 Pristine Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 5 Grenada Court sit?