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 · 0.83 km away

Sold for

$1,450,000

Adjusted to this home

$1,457,529

What we added and subtracted to make this sale comparable to 62 Cumberland Drive
Floor area	this home 215 m² · comparable 137 m²	+$120,869
Land size	this home 478 m² · comparable 630 m²	−$33,440
Distance to beach	this home 3.83 km · comparable 3.09 km	−$19,314
Micro-location	this home 0.052 · comparable 0.0654	−$15,544
Cladding	this home 2 · comparable 3	−$14,375
Pool	this home 0 · comparable 1	−$13,911
Year built	this home 1993 · comparable 1997	−$10,608
Street	this home 0.0563 · comparable 0.0616	−$6,148
Net adjustment		+$7,529

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

21 Cumberland Drive

Sold 4 December 2025 · 0.23 km away

Sold for

$1,450,000

Adjusted to this home

$1,470,314

What we added and subtracted to make this sale comparable to 62 Cumberland Drive
Condition	this home 7 · comparable 9	−$145,000
Bedrooms	this home 4 · comparable 3	+$92,822
Floor area	this home 215 m² · comparable 157 m²	+$89,877
Cladding	this home 2 · comparable 3	−$14,375
Pool	this home 0 · comparable 1	−$13,911
Micro-location	this home 0.052 · comparable 0.0427	+$10,788
Distance to beach	this home 3.83 km · comparable 3.64 km	−$4,959
Year built	this home 1993 · comparable 1992	+$2,652
Land size	this home 478 m² · comparable 467 m²	+$2,420
Net adjustment		+$20,314

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

77 Southlake Drive

Sold 20 November 2025 · 0.15 km away

Sold for

$1,505,000

Adjusted to this home

$1,513,275

What we added and subtracted to make this sale comparable to 62 Cumberland Drive
Floor area	this home 215 m² · comparable 113.49 m²	+$157,300
Condition	this home 7 · comparable 9	−$150,500
Water views	this home 0 · comparable 1	−$117,908
Bedrooms	this home 4 · comparable 3	+$92,822
Car spaces	this home 2 · comparable 1	+$32,000
Land size	this home 478 m² · comparable 600 m²	−$26,840
Micro-location	this home 0.052 · comparable 0.0379	+$16,976
Street	this home 0.0563 · comparable 0.0515	+$5,779
Distance to beach	this home 3.83 km · comparable 3.78 km	−$1,354
Net adjustment		+$8,275

A further 9 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

$1,533,425

What we added and subtracted to make this sale comparable to 62 Cumberland Drive
Bedrooms	this home 4 · comparable 3	+$92,822
Floor area	this home 215 m² · comparable 167.88 m²	+$73,017
Land size	this home 478 m² · comparable 703 m²	−$49,500
Distance to beach	this home 3.83 km · comparable 3.55 km	−$7,132
Micro-location	this home 0.052 · comparable 0.0462	+$6,566
Year built	this home 1993 · comparable 1992	+$2,652
Net adjustment		+$118,425

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

31 Roundelay Drive

Sold 30 July 2026 · 0.43 km away

Sold for

$1,380,000

Adjusted to this home

$1,538,277

What we added and subtracted to make this sale comparable to 62 Cumberland Drive
Floor area	this home 215 m² · comparable 151.3 m²	+$98,710
Street	this home 0.0563 · comparable -0.023	+$87,547
Condition	this home 7 · comparable 8	−$55,200
Micro-location	this home 0.052 · comparable 0.0311	+$23,074
Land size	this home 478 m² · comparable 420 m²	+$12,760
Distance to beach	this home 3.83 km · comparable 3.59 km	−$5,962
Year built	this home 1993 · comparable 1994	−$2,652
Net adjustment		+$158,277

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

39 Brier Crescent

Sold 16 May 2026 · 0.84 km away

Sold for

$1,302,000

Adjusted to this home

$1,466,034

What we added and subtracted to make this sale comparable to 62 Cumberland Drive
Floor area	this home 215 m² · comparable 141 m²	+$114,670
Bedrooms	this home 4 · comparable 3	+$92,822
Street	this home 0.0563 · comparable -0.0225	+$82,078
Year built	this home 1993 · comparable 2013	−$53,040
Condition	this home 7 · comparable 8	−$52,080
Land size	this home 478 m² · comparable 708 m²	−$50,600
Micro-location	this home 0.052 · comparable 0.0157	+$37,810
Car spaces	this home 2 · comparable 3	−$32,000
Cladding	this home 2 · comparable 1	+$14,375
Distance to beach	this home 3.83 km · comparable 4.35 km	+$9,999
Net adjustment		+$164,034

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.44 km away

Sold for

$1,400,000

Adjusted to this home

$1,583,120

What we added and subtracted to make this sale comparable to 62 Cumberland Drive
Floor area	this home 215 m² · comparable 145 m²	+$108,472
Bedrooms	this home 4 · comparable 3	+$92,822
Condition	this home 7 · comparable 8	−$56,000
Micro-location	this home 0.052 · comparable 0.0223	+$33,264
Street	this home 0.0563 · comparable 0.0386	+$19,824
Land size	this home 478 m² · comparable 405 m²	+$16,060
Cladding	this home 2 · comparable 3	−$14,375
Pool	this home 0 · comparable 1	−$13,911
Year built	this home 1993 · comparable 1995	−$5,304
Distance to beach	this home 3.83 km · comparable 3.92 km	+$2,268
Net adjustment		+$183,120

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

56 Southlake Drive

Sold 21 July 2026 · 0.11 km away

Sold for

$1,660,000

Adjusted to this home

$1,564,877

What we added and subtracted to make this sale comparable to 62 Cumberland Drive
Condition	this home 7 · comparable 9	−$166,000
Floor area	this home 215 m² · comparable 133 m²	+$127,067
Car spaces	this home 2 · comparable 3	−$32,000
Air conditioning	this home 0 · comparable 1	−$20,000
Cladding	this home 2 · comparable 3	−$14,375
Pool	this home 0 · comparable 1	−$13,911
Land size	this home 478 m² · comparable 432 m²	+$10,120
Micro-location	this home 0.052 · comparable 0.0447	+$9,694
Street	this home 0.0563 · comparable 0.0515	+$6,374
Distance to beach	this home 3.83 km · comparable 3.76 km	−$2,092
Net adjustment		−$95,123

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 62 Cumberland 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 62 Cumberland 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 →

62 Cumberland 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

77 Southlake Drive

8 Cumberland Drive

31 Roundelay Drive

39 Brier Crescent

9 Gainsborough Drive

56 Southlake Drive

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 62 Cumberland Drive sit?