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.

18 Massachusetts Court

Sold 9 July 2026 · 0.06 km away

Sold for

$1,450,000

Adjusted to this home

$1,450,117

What we added and subtracted to make this sale comparable to 5 Minnesota Street
Floor area	this home 180 m² · comparable 137 m²	+$105,092
Land size	this home 400 m² · comparable 630 m²	−$101,200
Year built	this home 1996 · comparable 1997	−$3,833
Micro-location	this home 0.0668 · comparable 0.0654	+$1,624
Distance to beach	this home 3.15 km · comparable 3.09 km	−$1,566
Net adjustment		+$117

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

31 Roundelay Drive

Sold 30 July 2026 · 0.45 km away

Sold for

$1,380,000

Adjusted to this home

$1,490,368

What we added and subtracted to make this sale comparable to 5 Minnesota Street
Floor area	this home 180 m² · comparable 151.3 m²	+$70,142
Condition	this home 7 · comparable 8	−$55,200
Pool	this home 1 · comparable 0	+$43,751
Micro-location	this home 0.0668 · comparable 0.0311	+$39,413
Distance to beach	this home 3.15 km · comparable 3.59 km	+$10,930
Land size	this home 400 m² · comparable 420 m²	−$8,800
Year built	this home 1996 · comparable 1994	+$7,666
Cladding	this home 3 · comparable 2	+$2,466
Net adjustment		+$110,368

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

77 Southlake Drive

Sold 20 November 2025 · 0.68 km away

Sold for

$1,505,000

Adjusted to this home

$1,484,254

What we added and subtracted to make this sale comparable to 5 Minnesota Street
Water views	this home 0 · comparable 1	−$198,474
Floor area	this home 180 m² · comparable 113.49 m²	+$162,550
Condition	this home 7 · comparable 9	−$150,500
Bedrooms	this home 4 · comparable 3	+$124,288
Land size	this home 400 m² · comparable 600 m²	−$88,000
Pool	this home 1 · comparable 0	+$43,751
Micro-location	this home 0.0668 · comparable 0.0379	+$34,795
Car spaces	this home 2 · comparable 1	+$19,814
Distance to beach	this home 3.15 km · comparable 3.78 km	+$17,066
Year built	this home 1996 · comparable 1993	+$11,498
Cladding	this home 3 · comparable 2	+$2,466
Net adjustment		−$20,746

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

8 Cumberland Drive

Sold 3 June 2026 · 0.75 km away

Sold for

$1,415,000

Adjusted to this home

$1,530,645

What we added and subtracted to make this sale comparable to 5 Minnesota Street
Land size	this home 400 m² · comparable 703 m²	−$133,320
Bedrooms	this home 4 · comparable 3	+$124,288
Pool	this home 1 · comparable 0	+$43,751
Floor area	this home 180 m² · comparable 167.88 m²	+$29,622
Micro-location	this home 0.0668 · comparable 0.0462	+$23,319
Year built	this home 1996 · comparable 1992	+$15,331
Distance to beach	this home 3.15 km · comparable 3.55 km	+$10,188
Cladding	this home 3 · comparable 2	+$2,466
Net adjustment		+$115,645

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

3 Massachusetts Court

Sold 22 July 2026 · 0.12 km away

Sold for

$1,400,000

Adjusted to this home

$1,553,730

What we added and subtracted to make this sale comparable to 5 Minnesota Street
Floor area	this home 180 m² · comparable 120.1 m²	+$146,396
Micro-location	this home 0.0668 · comparable 0.0574	+$10,528
Land size	this home 400 m² · comparable 410 m²	−$4,400
Cladding	this home 3 · comparable 2	+$2,466
Distance to beach	this home 3.15 km · comparable 3.1 km	−$1,260
Net adjustment		+$153,730

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

16 Stanford Avenue

Sold 25 September 2026 · 0.30 km away

Sold for

$1,185,000

Adjusted to this home

$1,410,255

What we added and subtracted to make this sale comparable to 5 Minnesota Street
Bedrooms	this home 4 · comparable 3	+$124,288
Floor area	this home 180 m² · comparable 149.41 m²	+$74,762
Pool	this home 1 · comparable 0	+$43,751
Land size	this home 400 m² · comparable 420 m²	−$8,800
Distance to beach	this home 3.15 km · comparable 2.9 km	−$5,333
Micro-location	this home 0.0668 · comparable 0.0704	−$3,413
Net adjustment		+$225,255

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

28 Pristine Court

Sold 8 October 2026 · 0.42 km away

Sold for

$1,170,000

Adjusted to this home

$1,400,461

What we added and subtracted to make this sale comparable to 5 Minnesota Street
Bedrooms	this home 4 · comparable 3	+$111,568
Floor area	this home 180 m² · comparable 141.71 m²	+$84,004
Micro-location	this home 0.0668 · comparable 0.0342	+$27,391
Distance to beach	this home 3.15 km · comparable 3.54 km	+$7,373
Land size	this home 400 m² · comparable 414 m²	−$5,530
Year built	this home 1996 · comparable 1995	+$3,441
Cladding	this home 3 · comparable 2	+$2,214
Net adjustment		+$230,461

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

56 Southlake Drive

Sold 21 July 2026 · 0.68 km away

Sold for

$1,660,000

Adjusted to this home

$1,614,047

What we added and subtracted to make this sale comparable to 5 Minnesota Street
Condition	this home 7 · comparable 9	−$166,000
Floor area	this home 180 m² · comparable 133 m²	+$114,868
Micro-location	this home 0.0668 · comparable 0.0447	+$29,349
Air conditioning	this home 0 · comparable 1	−$20,000
Car spaces	this home 2 · comparable 3	−$19,814
Distance to beach	this home 3.15 km · comparable 3.76 km	+$18,226
Land size	this home 400 m² · comparable 432 m²	−$14,080
Year built	this home 1996 · comparable 1993	+$11,498
Net adjustment		−$45,953

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 5 Minnesota Street 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 Minnesota Street 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

17 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 Minnesota Street

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

18 Massachusetts Court

31 Roundelay Drive

77 Southlake Drive

8 Cumberland Drive

3 Massachusetts Court

16 Stanford Avenue

28 Pristine Court

56 Southlake Drive

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