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.

13 Saint Paul Crescent

Sold 31 August 2026 · 0.29 km away

Sold for

$1,590,000

Adjusted to this home

$1,728,676

What we added and subtracted to make this sale comparable to 5 Waimea Drive
Floor area	this home 375 m² · comparable 241.24 m²	+$100,266
Pool	this home 1 · comparable 0	+$64,000
Land size	this home 640 m² · comparable 449 m²	+$59,745
Storeys	this home 1 · comparable 2	−$42,017
Bedrooms	this home 4 · comparable 5	−$23,363
Micro-location	this home 0.1405 · comparable 0.15	−$12,084
Year built	this home 2002 · comparable 2003	−$3,966
Cladding	this home 2 · comparable 3	−$2,646
Distance to beach	this home 4.49 km · comparable 4.43 km	−$1,259
Net adjustment		+$138,676

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

3 Port Peyra Crescent

Sold 4 June 2026 · 0.36 km away

Sold for

$1,950,000

Adjusted to this home

$1,936,111

What we added and subtracted to make this sale comparable to 5 Waimea Drive
Floor area	this home 375 m² · comparable 233.19 m²	+$106,301
Land size	this home 640 m² · comparable 824 m²	−$57,555
Storeys	this home 1 · comparable 2	−$42,017
Bedrooms	this home 4 · comparable 5	−$23,363
Micro-location	this home 0.1405 · comparable 0.1346	+$9,204
Year built	this home 2002 · comparable 2004	−$7,931
Distance to beach	this home 4.49 km · comparable 4.65 km	+$4,118
Cladding	this home 2 · comparable 3	−$2,646
Net adjustment		−$13,889

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

95 Bayswater Ave

Sold 7 March 2026 · 0.14 km away

Sold for

$1,682,500

Adjusted to this home

$1,795,519

What we added and subtracted to make this sale comparable to 5 Waimea Drive
Pool	this home 1 · comparable 0	+$64,000
Floor area	this home 375 m² · comparable 294.19 m²	+$60,575
Land size	this home 640 m² · comparable 488 m²	+$47,546
Storeys	this home 1 · comparable 2	−$42,017
Micro-location	this home 0.1405 · comparable 0.116	+$32,977
Bedrooms	this home 4 · comparable 5	−$23,363
Bathrooms	this home 2 · comparable 3	−$20,309
Year built	this home 2002 · comparable 2003	−$3,966
Cladding	this home 2 · comparable 3	−$2,646
Distance to beach	this home 4.49 km · comparable 4.5 km	+$222
Net adjustment		+$113,019

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

4 Barbie Avenue

Sold 5 August 2026 · 0.69 km away

Sold for

$1,515,000

Adjusted to this home

$1,737,782

What we added and subtracted to make this sale comparable to 5 Waimea Drive
Floor area	this home 375 m² · comparable 151 m²	+$167,910
Micro-location	this home 0.1405 · comparable 0.0574	+$100,717
Car spaces	this home 2 · comparable 4	−$64,000
Land size	this home 640 m² · comparable 570 m²	+$21,896
Year built	this home 2002 · comparable 1999	+$11,897
Distance to beach	this home 4.49 km · comparable 3.98 km	−$10,345
Cladding	this home 2 · comparable 4	−$5,293
Net adjustment		+$222,782

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

28 Meridien Avenue

Sold 19 February 2026 · 0.59 km away

Sold for

$1,820,000

Adjusted to this home

$1,853,554

What we added and subtracted to make this sale comparable to 5 Waimea Drive
Land size	this home 640 m² · comparable 400 m²	+$75,072
Car spaces	this home 2 · comparable 4	−$64,000
Floor area	this home 375 m² · comparable 311 m²	+$47,974
Micro-location	this home 0.1405 · comparable 0.15	−$13,832
Year built	this home 2002 · comparable 2005	−$11,897
Distance to beach	this home 4.49 km · comparable 4.61 km	+$2,883
Cladding	this home 2 · comparable 3	−$2,646
Net adjustment		+$33,554

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

40 Gerona Circuit

Sold 26 May 2026 · 0.65 km away

Sold for

$1,410,000

Adjusted to this home

$1,680,799

What we added and subtracted to make this sale comparable to 5 Waimea Drive
Floor area	this home 375 m² · comparable 188 m²	+$140,175
Land size	this home 640 m² · comparable 400 m²	+$75,072
Micro-location	this home 0.1405 · comparable 0.0943	+$52,114
Distance to beach	this home 4.49 km · comparable 5.03 km	+$10,050
Year built	this home 2002 · comparable 2003	−$3,966
Cladding	this home 2 · comparable 3	−$2,646
Net adjustment		+$270,799

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

13 Kodiak Drive

Sold 24 August 2026 · 0.35 km away

Sold for

$1,820,000

Adjusted to this home

$1,878,248

What we added and subtracted to make this sale comparable to 5 Waimea Drive
Floor area	this home 375 m² · comparable 202.99 m²	+$128,938
Storeys	this home 1 · comparable 2	−$42,017
Car spaces	this home 2 · comparable 3	−$32,000
Micro-location	this home 0.1405 · comparable 0.1255	+$21,840
Bathrooms	this home 2 · comparable 3	−$20,309
Distance to beach	this home 4.49 km · comparable 4.84 km	+$8,408
Year built	this home 2002 · comparable 2003	−$3,966
Cladding	this home 2 · comparable 3	−$2,646
Net adjustment		+$58,248

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

73 Azzurra Drive

Sold 10 February 2026 · 0.45 km away

Sold for

$1,730,000

Adjusted to this home

$1,828,797

What we added and subtracted to make this sale comparable to 5 Waimea Drive
Floor area	this home 375 m² · comparable 201.57 m²	+$130,003
Land size	this home 640 m² · comparable 432 m²	+$65,062
Storeys	this home 1 · comparable 2	−$42,017
Bedrooms	this home 4 · comparable 5	−$23,363
Micro-location	this home 0.1405 · comparable 0.15	−$13,148
Year built	this home 2002 · comparable 2005	−$11,897
Distance to beach	this home 4.49 km · comparable 4.35 km	−$3,197
Cladding	this home 2 · comparable 3	−$2,646
Net adjustment		+$98,797

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 Waimea 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 5 Waimea 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)

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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

16 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 Waimea Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

13 Saint Paul Crescent

3 Port Peyra Crescent

95 Bayswater Ave

4 Barbie Avenue

28 Meridien Avenue

40 Gerona Circuit

13 Kodiak Drive

73 Azzurra Drive

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