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.

3 Massachusetts Court

Sold 22 July 2026 · 0.81 km away

Sold for

$1,400,000

Adjusted to this home

$1,405,595

What we added and subtracted to make this sale comparable to 62 Southlake Drive
Floor area	this home 137 m² · comparable 120.1 m²	+$26,472
Cladding	this home 3 · comparable 2	+$20,009
Distance to beach	this home 3.8 km · comparable 3.1 km	−$17,640
Micro-location	this home 0.045 · comparable 0.0574	−$13,888
Street	this home 0.0515 · comparable 0.0616	−$11,312
Land size	this home 420 m² · comparable 410 m²	+$2,312
Year built	this home 1993 · comparable 1996	−$358
Net adjustment		+$5,595

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

8 Cumberland Drive

Sold 3 June 2026 · 0.47 km away

Sold for

$1,415,000

Adjusted to this home

$1,414,056

What we added and subtracted to make this sale comparable to 62 Southlake Drive
Bedrooms	this home 4 · comparable 3	+$82,145
Land size	this home 420 m² · comparable 703 m²	−$65,430
Floor area	this home 137 m² · comparable 167.88 m²	−$48,370
Pool	this home 1 · comparable 0	+$23,742
Cladding	this home 3 · comparable 2	+$20,009
Distance to beach	this home 3.8 km · comparable 3.55 km	−$6,367
Street	this home 0.0515 · comparable 0.0563	−$5,434
Micro-location	this home 0.045 · comparable 0.0462	−$1,358
Year built	this home 1993 · comparable 1992	+$119
Net adjustment		−$944

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

4 Barbie Avenue

Sold 5 August 2026 · 0.21 km away

Sold for

$1,515,000

Adjusted to this home

$1,363,546

What we added and subtracted to make this sale comparable to 62 Southlake Drive
Car spaces	this home 2 · comparable 4	−$64,000
Land size	this home 420 m² · comparable 570 m²	−$34,680
Floor area	this home 137 m² · comparable 151 m²	−$21,930
Cladding	this home 3 · comparable 4	−$20,009
Micro-location	this home 0.045 · comparable 0.0574	−$15,029
Distance to beach	this home 3.8 km · comparable 3.98 km	+$4,909
Year built	this home 1993 · comparable 1999	−$715
Net adjustment		−$151,454

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

3 Dorothy Place

Sold 27 March 2026 · 0.05 km away

Sold for

$1,300,000

Adjusted to this home

$1,413,068

What we added and subtracted to make this sale comparable to 62 Southlake Drive
Bedrooms	this home 4 · comparable 3	+$82,145
Cladding	this home 3 · comparable 2	+$20,009
Floor area	this home 137 m² · comparable 129.58 m²	+$11,622
Micro-location	this home 0.045 · comparable 0.0479	−$3,016
Land size	this home 420 m² · comparable 410 m²	+$2,312
Year built	this home 1993 · comparable 1995	−$238
Distance to beach	this home 3.8 km · comparable 3.81 km	+$234
Net adjustment		+$113,068

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

31 Roundelay Drive

Sold 30 July 2026 · 0.33 km away

Sold for

$1,380,000

Adjusted to this home

$1,493,611

What we added and subtracted to make this sale comparable to 62 Southlake Drive
Street	this home 0.0515 · comparable -0.023	+$82,248
Pool	this home 1 · comparable 0	+$23,742
Floor area	this home 137 m² · comparable 151.3 m²	−$22,399
Cladding	this home 3 · comparable 2	+$20,009
Micro-location	this home 0.045 · comparable 0.0311	+$15,346
Distance to beach	this home 3.8 km · comparable 3.59 km	−$5,216
Year built	this home 1993 · comparable 1994	−$119
Net adjustment		+$113,611

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

9 Gainsborough Drive

Sold 14 September 2026 · 0.54 km away

Sold for

$1,400,000

Adjusted to this home

$1,515,740

What we added and subtracted to make this sale comparable to 62 Southlake Drive
Bedrooms	this home 4 · comparable 3	+$82,145
Micro-location	this home 0.045 · comparable 0.0223	+$25,424
Street	this home 0.0515 · comparable 0.0386	+$14,448
Floor area	this home 137 m² · comparable 145 m²	−$12,531
Land size	this home 420 m² · comparable 405 m²	+$3,468
Distance to beach	this home 3.8 km · comparable 3.92 km	+$3,024
Year built	this home 1993 · comparable 1995	−$238
Net adjustment		+$115,740

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

28 Pristine Court

Sold 8 October 2026 · 0.51 km away

Sold for

$1,170,000

Adjusted to this home

$1,332,429

What we added and subtracted to make this sale comparable to 62 Southlake Drive
Bedrooms	this home 4 · comparable 3	+$82,145
Street	this home 0.0515 · comparable -0.0146	+$61,870
Cladding	this home 3 · comparable 2	+$20,009
Micro-location	this home 0.045 · comparable 0.0342	+$10,109
Floor area	this home 137 m² · comparable 141.71 m²	−$7,378
Distance to beach	this home 3.8 km · comparable 3.54 km	−$5,475
Land size	this home 420 m² · comparable 414 m²	+$1,387
Year built	this home 1993 · comparable 1995	−$238
Net adjustment		+$162,429

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

56 Southlake Drive

Sold 21 July 2026 · 0.05 km away

Sold for

$1,660,000

Adjusted to this home

$1,610,695

What we added and subtracted to make this sale comparable to 62 Southlake Drive
Car spaces	this home 2 · comparable 3	−$32,000
Air conditioning	this home 0 · comparable 1	−$20,000
Floor area	this home 137 m² · comparable 133 m²	+$6,266
Land size	this home 420 m² · comparable 432 m²	−$2,774
Distance to beach	this home 3.8 km · comparable 3.76 km	−$1,195
Micro-location	this home 0.045 · comparable 0.0447	+$398
Net adjustment		−$49,305

A further 12 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 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 62 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

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 →

62 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

3 Massachusetts Court

8 Cumberland Drive

4 Barbie Avenue

3 Dorothy Place

31 Roundelay Drive

9 Gainsborough Drive

28 Pristine Court

56 Southlake Drive

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