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.

15 Southlake Drive

Sold 9 September 2026 · 0.14 km away

Sold for

$1,430,000

Adjusted to this home

$1,430,777

What we added and subtracted to make this sale comparable to 7 Cumberland Drive
Water views	this home 0 · comparable 1	−$207,633
Floor area	this home 192 m² · comparable 141 m²	+$104,938
Condition	this home 8 · comparable 7	+$57,200
Land size	this home 837 m² · comparable 591 m²	+$15,744
Pool	this home 1 · comparable 0	+$15,685
Micro-location	this home 0.046 · comparable 0.0385	+$8,580
Street	this home 0.0563 · comparable 0.0515	+$5,491
Distance to beach	this home 3.49 km · comparable 3.52 km	+$772
Net adjustment		+$777

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

288 Christine Avenue

Sold 13 August 2026 · 0.55 km away

Sold for

$1,420,000

Adjusted to this home

$1,513,891

What we added and subtracted to make this sale comparable to 7 Cumberland Drive
Water views	this home 0 · comparable 1	−$207,633
Condition	this home 8 · comparable 6	+$113,600
Floor area	this home 192 m² · comparable 153.5 m²	+$79,218
Bedrooms	this home 4 · comparable 3	+$75,082
Cladding	this home 3 · comparable 2	+$20,000
Pool	this home 1 · comparable 0	+$15,685
Street	this home 0.0563 · comparable 0.0431	+$14,995
Micro-location	this home 0.046 · comparable 0.0586	−$14,314
Distance to beach	this home 3.49 km · comparable 3.17 km	−$8,179
Land size	this home 837 m² · comparable 729 m²	+$6,912
Year built	this home 1993 · comparable 1994	−$1,475
Net adjustment		+$93,891

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

6 Massachusetts Court

Sold 17 August 2026 · 0.81 km away

Sold for

$1,800,000

Adjusted to this home

$1,568,929

What we added and subtracted to make this sale comparable to 7 Cumberland Drive
Water views	this home 0 · comparable 1	−$207,633
Condition	this home 8 · comparable 6	+$144,000
Floor area	this home 192 m² · comparable 255 m²	−$129,629
Air conditioning	this home 0 · comparable 1	−$20,000
Micro-location	this home 0.046 · comparable 0.0585	−$18,000
Pool	this home 1 · comparable 0	+$15,685
Distance to beach	this home 3.49 km · comparable 3.05 km	−$14,256
Land size	this home 837 m² · comparable 691 m²	+$9,344
Street	this home 0.0563 · comparable 0.0616	−$7,632
Year built	this home 1993 · comparable 1995	−$2,950
Net adjustment		−$231,071

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

28 Seafoam Close

Sold 27 October 2025 · 0.40 km away

Sold for

$1,545,000

Adjusted to this home

$1,582,633

What we added and subtracted to make this sale comparable to 7 Cumberland Drive
Floor area	this home 192 m² · comparable 167 m²	+$51,440
Street	this home 0.0563 · comparable 0.0909	−$42,766
Pool	this home 1 · comparable 0	+$15,685
Micro-location	this home 0.046 · comparable 0.0376	+$10,382
Land size	this home 837 m² · comparable 734 m²	+$6,592
Distance to beach	this home 3.49 km · comparable 3.41 km	−$2,225
Year built	this home 1993 · comparable 1994	−$1,475
Net adjustment		+$37,633

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

34 Seafoam Close

Sold 13 October 2025 · 0.43 km away

Sold for

$1,450,000

Adjusted to this home

$1,570,089

What we added and subtracted to make this sale comparable to 7 Cumberland Drive
Bedrooms	this home 4 · comparable 3	+$75,082
Floor area	this home 192 m² · comparable 169 m²	+$47,325
Street	this home 0.0563 · comparable 0.0909	−$40,136
Pool	this home 1 · comparable 0	+$15,685
Land size	this home 837 m² · comparable 624 m²	+$13,632
Micro-location	this home 0.046 · comparable 0.0365	+$11,020
Year built	this home 1993 · comparable 1994	−$1,475
Distance to beach	this home 3.49 km · comparable 3.45 km	−$1,044
Net adjustment		+$120,089

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

21 Washington Court

Sold 17 June 2026 · 0.86 km away

Sold for

$2,050,000

Adjusted to this home

$1,676,844

What we added and subtracted to make this sale comparable to 7 Cumberland Drive
Water views	this home 0 · comparable 1	−$207,633
Street	this home 0.0563 · comparable 0.15	−$153,668
Condition	this home 8 · comparable 7	+$82,000
Floor area	this home 192 m² · comparable 212.39 m²	−$41,954
Storeys	this home 1 · comparable 2	−$40,000
Land size	this home 837 m² · comparable 629 m²	+$13,312
Micro-location	this home 0.046 · comparable 0.0526	−$10,824
Distance to beach	this home 3.49 km · comparable 3.22 km	−$9,963
Year built	this home 1993 · comparable 1996	−$4,426
Net adjustment		−$373,156

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 7 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 7 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

19 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 →

7 Cumberland Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 6 sales behind that range — and every adjustment

15 Southlake Drive

288 Christine Avenue

6 Massachusetts Court

28 Seafoam Close

34 Seafoam Close

21 Washington Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 7 Cumberland Drive sit?