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.

8 Morea Court

Sold 27 August 2026 · 0.27 km away

Sold for

$1,230,000

Adjusted to this home

$1,261,217

What we added and subtracted to make this sale comparable to 7 Magenta Drive
Condition	this home 9 · comparable 7	+$123,000
Car spaces	this home 2 · comparable 4	−$64,000
Pool	this home 1 · comparable 0	+$64,000
Land size	this home 379 m² · comparable 473 m²	−$39,555
Floor area	this home 123 m² · comparable 148.5 m²	−$22,318
Micro-location	this home 0.0176 · comparable 0.0312	−$13,382
Bedrooms	this home 3 · comparable 4	−$13,354
Distance to beach	this home 4.1 km · comparable 3.93 km	−$3,174
Net adjustment		+$31,217

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

3 Massachusetts Court

Sold 22 July 2026 · 1.15 km away

Sold for

$1,400,000

Adjusted to this home

$1,457,043

What we added and subtracted to make this sale comparable to 7 Magenta Drive
Condition	this home 9 · comparable 7	+$140,000
Micro-location	this home 0.0176 · comparable 0.0574	−$44,576
Street	this home 0.0361 · comparable 0.0616	−$28,560
Distance to beach	this home 4.1 km · comparable 3.1 km	−$24,528
Cladding	this home 3 · comparable 2	+$20,000
Year built	this home 2001 · comparable 1996	+$18,568
Bedrooms	this home 3 · comparable 4	−$13,354
Land size	this home 379 m² · comparable 410 m²	−$13,045
Floor area	this home 123 m² · comparable 120.1 m²	+$2,538
Net adjustment		+$57,043

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

3 Avellino Drive

Sold 19 January 2026 · 0.86 km away

Sold for

$1,350,000

Adjusted to this home

$1,372,921

What we added and subtracted to make this sale comparable to 7 Magenta Drive
Condition	this home 9 · comparable 7	+$135,000
Micro-location	this home 0.0176 · comparable 0.1354	−$127,224
Pool	this home 1 · comparable 0	+$64,000
Floor area	this home 123 m² · comparable 181 m²	−$50,762
Bedrooms	this home 3 · comparable 4	−$13,354
Land size	this home 379 m² · comparable 350 m²	+$12,203
Distance to beach	this home 4.1 km · comparable 4.48 km	+$6,772
Year built	this home 2001 · comparable 2002	−$3,714
Net adjustment		+$22,921

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

12 Windemere Crescent

Sold 15 December 2025 · 0.12 km away

Sold for

$1,400,000

Adjusted to this home

$1,424,370

What we added and subtracted to make this sale comparable to 7 Magenta Drive
Pool	this home 1 · comparable 0	+$64,000
Micro-location	this home 0.0176 · comparable 0.0314	−$15,456
Bedrooms	this home 3 · comparable 4	−$13,354
Land size	this home 379 m² · comparable 400 m²	−$8,837
Floor area	this home 123 m² · comparable 130.34 m²	−$6,424
Street	this home 0.0361 · comparable 0.0323	+$4,256
Distance to beach	this home 4.1 km · comparable 4.11 km	+$185
Net adjustment		+$24,370

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

11 Grenada Court

Sold 12 June 2026 · 0.97 km away

Sold for

$1,350,000

Adjusted to this home

$1,436,537

What we added and subtracted to make this sale comparable to 7 Magenta Drive
Micro-location	this home 0.0176 · comparable 0.1321	−$123,660
Condition	this home 9 · comparable 8	+$81,000
Pool	this home 1 · comparable 0	+$64,000
Land size	this home 379 m² · comparable 295 m²	+$35,347
Cladding	this home 3 · comparable 2	+$20,000
Distance to beach	this home 4.1 km · comparable 4.65 km	+$9,801
Floor area	this home 123 m² · comparable 118.7 m²	+$3,763
Year built	this home 2001 · comparable 2002	−$3,714
Net adjustment		+$86,537

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

14 Windemere Crescent

Sold 10 March 2026 · 0.12 km away

Sold for

$1,350,000

Adjusted to this home

$1,308,145

What we added and subtracted to make this sale comparable to 7 Magenta Drive
Water views	this home 0 · comparable 1	−$213,874
Condition	this home 9 · comparable 7	+$135,000
Pool	this home 1 · comparable 0	+$64,000
Micro-location	this home 0.0176 · comparable 0.0348	−$18,576
Land size	this home 379 m² · comparable 400 m²	−$8,837
Street	this home 0.0361 · comparable 0.0323	+$4,104
Year built	this home 2001 · comparable 2002	−$3,714
Distance to beach	this home 4.1 km · comparable 4.12 km	+$357
Floor area	this home 123 m² · comparable 123.36 m²	−$315
Net adjustment		−$41,855

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

6 Pristine Court

Sold 30 June 2026 · 0.85 km away

Sold for

$1,220,000

Adjusted to this home

$1,337,598

What we added and subtracted to make this sale comparable to 7 Magenta Drive
Pool	this home 1 · comparable 0	+$64,000
Street	this home 0.0361 · comparable -0.0146	+$49,483
Year built	this home 2001 · comparable 1994	+$25,995
Cladding	this home 3 · comparable 2	+$20,000
Land size	this home 379 m² · comparable 426 m²	−$19,778
Floor area	this home 123 m² · comparable 143.96 m²	−$18,344
Distance to beach	this home 4.1 km · comparable 3.68 km	−$8,638
Micro-location	this home 0.0176 · comparable 0.0126	+$4,880
Net adjustment		+$117,598

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

28 Pristine Court

Sold 8 October 2026 · 0.82 km away

Sold for

$1,170,000

Adjusted to this home

$1,318,864

What we added and subtracted to make this sale comparable to 7 Magenta Drive
Condition	this home 9 · comparable 7	+$117,000
Street	this home 0.0361 · comparable -0.0146	+$47,455
Year built	this home 2001 · comparable 1995	+$22,282
Cladding	this home 3 · comparable 2	+$20,000
Floor area	this home 123 m² · comparable 141.71 m²	−$16,375
Micro-location	this home 0.0176 · comparable 0.0342	−$15,538
Land size	this home 379 m² · comparable 414 m²	−$14,728
Distance to beach	this home 4.1 km · comparable 3.54 km	−$11,232
Net adjustment		+$148,864

A further 10 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 Magenta 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 Magenta 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 →

7 Magenta Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

8 Morea Court

3 Massachusetts Court

3 Avellino Drive

12 Windemere Crescent

11 Grenada Court

14 Windemere Crescent

6 Pristine Court

28 Pristine Court

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