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.

28 Pristine Court

Sold 8 October 2026 · 0.51 km away

Sold for

$1,170,000

Adjusted to this home

$1,160,401

What we added and subtracted to make this sale comparable to 54 Southlake Drive
Pool	this home 0 · comparable 1	−$80,037
Street	this home 0.0515 · comparable -0.0146	+$61,870
Car spaces	this home 1 · comparable 2	−$32,000
Floor area	this home 157 m² · comparable 141.71 m²	+$30,482
Micro-location	this home 0.0447 · comparable 0.0342	+$9,828
Land size	this home 432 m² · comparable 414 m²	+$7,920
Distance to beach	this home 3.75 km · comparable 3.54 km	−$4,422
Year built	this home 1993 · comparable 1995	−$3,240
Net adjustment		−$9,599

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

3 Dorothy Place

Sold 27 March 2026 · 0.07 km away

Sold for

$1,300,000

Adjusted to this home

$1,299,144

What we added and subtracted to make this sale comparable to 54 Southlake Drive
Pool	this home 0 · comparable 1	−$80,037
Floor area	this home 157 m² · comparable 129.58 m²	+$54,665
Condition	this home 7 · comparable 6	+$52,000
Car spaces	this home 1 · comparable 2	−$32,000
Land size	this home 432 m² · comparable 410 m²	+$9,680
Micro-location	this home 0.0447 · comparable 0.0479	−$3,328
Year built	this home 1993 · comparable 1995	−$3,240
Distance to beach	this home 3.75 km · comparable 3.81 km	+$1,404
Net adjustment		−$856

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

4 Pascali Court

Sold 5 August 2026 · 0.38 km away

Sold for

$1,150,000

Adjusted to this home

$1,256,841

What we added and subtracted to make this sale comparable to 54 Southlake Drive
Street	this home 0.0515 · comparable -0.0364	+$80,868
Pool	this home 0 · comparable 1	−$80,037
Floor area	this home 157 m² · comparable 125.33 m²	+$63,138
Condition	this home 7 · comparable 6	+$46,000
Car spaces	this home 1 · comparable 2	−$32,000
Micro-location	this home 0.0447 · comparable 0.0123	+$29,808
Land size	this home 432 m² · comparable 423 m²	+$3,960
Year built	this home 1993 · comparable 1995	−$3,240
Distance to beach	this home 3.75 km · comparable 3.67 km	−$1,656
Net adjustment		+$106,841

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.53 km away

Sold for

$1,400,000

Adjusted to this home

$1,288,346

What we added and subtracted to make this sale comparable to 54 Southlake Drive
Pool	this home 0 · comparable 1	−$80,037
Condition	this home 7 · comparable 8	−$56,000
Car spaces	this home 1 · comparable 2	−$32,000
Micro-location	this home 0.0447 · comparable 0.0223	+$25,088
Floor area	this home 157 m² · comparable 145 m²	+$23,923
Cladding	this home 2 · comparable 3	−$20,000
Street	this home 0.0515 · comparable 0.0386	+$14,448
Land size	this home 432 m² · comparable 405 m²	+$11,880
Distance to beach	this home 3.75 km · comparable 3.92 km	+$4,284
Year built	this home 1993 · comparable 1995	−$3,240
Net adjustment		−$111,654

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

31 Roundelay Drive

Sold 30 July 2026 · 0.32 km away

Sold for

$1,380,000

Adjusted to this home

$1,351,671

What we added and subtracted to make this sale comparable to 54 Southlake Drive
Street	this home 0.0515 · comparable -0.023	+$82,248
Condition	this home 7 · comparable 8	−$55,200
Bedrooms	this home 3 · comparable 4	−$49,440
Car spaces	this home 1 · comparable 2	−$32,000
Micro-location	this home 0.0447 · comparable 0.0311	+$15,014
Floor area	this home 157 m² · comparable 151.3 m²	+$11,363
Land size	this home 432 m² · comparable 420 m²	+$5,280
Distance to beach	this home 3.75 km · comparable 3.59 km	−$3,974
Year built	this home 1993 · comparable 1994	−$1,620
Net adjustment		−$28,329

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

3 Massachusetts Court

Sold 22 July 2026 · 0.77 km away

Sold for

$1,400,000

Adjusted to this home

$1,274,991

What we added and subtracted to make this sale comparable to 54 Southlake Drive
Pool	this home 0 · comparable 1	−$80,037
Floor area	this home 157 m² · comparable 120.1 m²	+$73,564
Bedrooms	this home 3 · comparable 4	−$49,440
Car spaces	this home 1 · comparable 2	−$32,000
Distance to beach	this home 3.75 km · comparable 3.1 km	−$16,380
Micro-location	this home 0.0447 · comparable 0.0574	−$14,224
Street	this home 0.0515 · comparable 0.0616	−$11,312
Land size	this home 432 m² · comparable 410 m²	+$9,680
Year built	this home 1993 · comparable 1996	−$4,860
Net adjustment		−$125,009

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

6 Pristine Court

Sold 30 June 2026 · 0.36 km away

Sold for

$1,220,000

Adjusted to this home

$1,309,324

What we added and subtracted to make this sale comparable to 54 Southlake Drive
Street	this home 0.0515 · comparable -0.0146	+$64,514
Car spaces	this home 1 · comparable 2	−$32,000
Micro-location	this home 0.0447 · comparable 0.0126	+$31,330
Floor area	this home 157 m² · comparable 143.96 m²	+$25,997
Land size	this home 432 m² · comparable 426 m²	+$2,640
Year built	this home 1993 · comparable 1994	−$1,620
Distance to beach	this home 3.75 km · comparable 3.68 km	−$1,537
Net adjustment		+$89,324

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

8 Cumberland Drive

Sold 3 June 2026 · 0.41 km away

Sold for

$1,415,000

Adjusted to this home

$1,231,464

What we added and subtracted to make this sale comparable to 54 Southlake Drive
Land size	this home 432 m² · comparable 703 m²	−$119,240
Car spaces	this home 1 · comparable 2	−$32,000
Floor area	this home 157 m² · comparable 167.88 m²	−$21,690
Street	this home 0.0515 · comparable 0.0563	−$5,434
Distance to beach	this home 3.75 km · comparable 3.55 km	−$5,094
Micro-location	this home 0.0447 · comparable 0.0462	−$1,698
Year built	this home 1993 · comparable 1992	+$1,620
Net adjustment		−$183,536

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 54 Southlake 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 54 Southlake 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 →

54 Southlake Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

28 Pristine Court

3 Dorothy Place

4 Pascali Court

9 Gainsborough Drive

31 Roundelay Drive

3 Massachusetts Court

6 Pristine Court

8 Cumberland Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 54 Southlake Drive sit?