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 · 0.79 km away

Sold for

$1,450,000

Adjusted to this home

$1,521,569

What we added and subtracted to make this sale comparable to 51 Silvabank Drive
Floor area	this home 187 m² · comparable 137 m²	+$94,560
Land size	this home 789 m² · comparable 630 m²	+$27,094
Micro-location	this home 0.0438 · comparable 0.0654	−$25,056
Distance to beach	this home 3.51 km · comparable 3.09 km	−$10,962
Year built	this home 1992 · comparable 1997	−$10,744
Cladding	this home 2 · comparable 3	−$7,267
Street	this home 0.065 · comparable 0.0616	+$3,944
Net adjustment		+$71,569

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

21 Cumberland Drive

Sold 4 December 2025 · 0.26 km away

Sold for

$1,450,000

Adjusted to this home

$1,524,639

What we added and subtracted to make this sale comparable to 51 Silvabank Drive
Condition	this home 7 · comparable 9	−$145,000
Bedrooms	this home 4 · comparable 3	+$100,540
Floor area	this home 187 m² · comparable 157 m²	+$56,736
Land size	this home 789 m² · comparable 467 m²	+$54,869
Street	this home 0.065 · comparable 0.0563	+$10,092
Cladding	this home 2 · comparable 3	−$7,267
Distance to beach	this home 3.51 km · comparable 3.64 km	+$3,393
Micro-location	this home 0.0438 · comparable 0.0427	+$1,276
Net adjustment		+$74,639

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

3 Massachusetts Court

Sold 22 July 2026 · 0.89 km away

Sold for

$1,400,000

Adjusted to this home

$1,560,753

What we added and subtracted to make this sale comparable to 51 Silvabank Drive
Floor area	this home 187 m² · comparable 120.1 m²	+$126,522
Land size	this home 789 m² · comparable 410 m²	+$64,582
Micro-location	this home 0.0438 · comparable 0.0574	−$15,232
Distance to beach	this home 3.51 km · comparable 3.1 km	−$10,332
Year built	this home 1992 · comparable 1996	−$8,595
Street	this home 0.065 · comparable 0.0616	+$3,808
Net adjustment		+$160,753

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

5 Pristine Court

Sold 21 November 2025 · 0.75 km away

Sold for

$1,490,000

Adjusted to this home

$1,552,299

What we added and subtracted to make this sale comparable to 51 Silvabank Drive
Street	this home 0.065 · comparable -0.0146	+$94,883
Floor area	this home 187 m² · comparable 225 m²	−$71,866
Land size	this home 789 m² · comparable 401 m²	+$66,115
Condition	this home 7 · comparable 8	−$59,600
Micro-location	this home 0.0438 · comparable 0.0136	+$35,998
Year built	this home 1992 · comparable 1996	−$8,595
Distance to beach	this home 3.51 km · comparable 3.71 km	+$5,364
Net adjustment		+$62,299

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

4 Barbie Avenue

Sold 5 August 2026 · 0.59 km away

Sold for

$1,515,000

Adjusted to this home

$1,371,659

What we added and subtracted to make this sale comparable to 51 Silvabank Drive
Condition	this home 7 · comparable 9	−$151,500
Floor area	this home 187 m² · comparable 151 m²	+$68,083
Car spaces	this home 2 · comparable 4	−$64,000
Land size	this home 789 m² · comparable 570 m²	+$37,318
Micro-location	this home 0.0438 · comparable 0.0574	−$16,483
Year built	this home 1992 · comparable 1999	−$15,042
Cladding	this home 2 · comparable 4	−$14,534
Distance to beach	this home 3.51 km · comparable 3.98 km	+$12,817
Net adjustment		−$143,341

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.42 km away

Sold for

$1,400,000

Adjusted to this home

$1,639,671

What we added and subtracted to make this sale comparable to 51 Silvabank Drive
Bedrooms	this home 4 · comparable 3	+$100,540
Floor area	this home 187 m² · comparable 145 m²	+$79,430
Land size	this home 789 m² · comparable 405 m²	+$65,434
Condition	this home 7 · comparable 8	−$56,000
Street	this home 0.065 · comparable 0.0386	+$29,568
Micro-location	this home 0.0438 · comparable 0.0223	+$24,080
Distance to beach	this home 3.51 km · comparable 3.92 km	+$10,332
Cladding	this home 2 · comparable 3	−$7,267
Year built	this home 1992 · comparable 1995	−$6,446
Net adjustment		+$239,671

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

16 Stanford Avenue

Sold 25 September 2026 · 0.77 km away

Sold for

$1,185,000

Adjusted to this home

$1,429,418

What we added and subtracted to make this sale comparable to 51 Silvabank Drive
Bedrooms	this home 4 · comparable 3	+$100,540
Floor area	this home 187 m² · comparable 149.41 m²	+$71,090
Pool	this home 1 · comparable 0	+$64,000
Land size	this home 789 m² · comparable 420 m²	+$62,878
Micro-location	this home 0.0438 · comparable 0.0704	−$25,217
Distance to beach	this home 3.51 km · comparable 2.9 km	−$13,011
Year built	this home 1992 · comparable 1996	−$8,595
Cladding	this home 2 · comparable 3	−$7,267
Net adjustment		+$244,418

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

56 Southlake Drive

Sold 21 July 2026 · 0.50 km away

Sold for

$1,660,000

Adjusted to this home

$1,619,745

What we added and subtracted to make this sale comparable to 51 Silvabank Drive
Condition	this home 7 · comparable 9	−$166,000
Floor area	this home 187 m² · comparable 133 m²	+$102,125
Land size	this home 789 m² · comparable 432 m²	+$60,833
Car spaces	this home 2 · comparable 3	−$32,000
Air conditioning	this home 0 · comparable 1	−$20,000
Street	this home 0.065 · comparable 0.0515	+$17,928
Distance to beach	this home 3.51 km · comparable 3.76 km	+$7,470
Cladding	this home 2 · comparable 3	−$7,267
Year built	this home 1992 · comparable 1993	−$2,149
Micro-location	this home 0.0438 · comparable 0.0447	−$1,195
Net adjustment		−$40,255

A further 8 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 51 Silvabank 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 51 Silvabank 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 →

51 Silvabank Drive

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

21 Cumberland Drive

3 Massachusetts Court

5 Pristine Court

4 Barbie Avenue

9 Gainsborough Drive

16 Stanford Avenue

56 Southlake Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 51 Silvabank Drive sit?