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.

39 Honeyeater Drive

Sold 0.67 km away

Sold for

$2,095,000

Adjusted to this home

$2,053,745

What we added and subtracted to make this sale comparable to 7 Penguin Parade
Condition	this home 8 · comparable 9	−$125,700
Micro-location	this home 0.15 · comparable 0.0835	+$111,454
Street	this home 0.15 · comparable 0.0962	+$90,169
Car spaces	this home 1 · comparable 3	−$72,000
Land size	this home 600 m² · comparable 660 m²	−$48,000
Year built	this home 1979 · comparable 1986	−$34,244
Floor area	this home 173 m² · comparable 160 m²	+$23,868
Distance to beach	this home 1.07 km · comparable 1.28 km	+$13,198
Net adjustment		−$41,255

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

56 Banksia Broadway

Sold 5 June 2026 · 0.62 km away

Sold for

$1,965,000

Adjusted to this home

$1,940,891

What we added and subtracted to make this sale comparable to 7 Penguin Parade
Bedrooms	this home 3 · comparable 4	−$100,000
Floor area	this home 173 m² · comparable 128 m²	+$82,620
Condition	this home 8 · comparable 7	+$78,600
Year built	this home 1979 · comparable 1993	−$68,488
Land size	this home 600 m² · comparable 685 m²	−$68,000
Cladding	this home 3 · comparable 2	+$33,474
Distance to beach	this home 1.07 km · comparable 1.37 km	+$17,685
Net adjustment		−$24,109

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

16 Manakin Avenue

Sold 31 August 2026 · 1.06 km away

Sold for

$1,900,000

Adjusted to this home

$1,994,510

What we added and subtracted to make this sale comparable to 7 Penguin Parade
Street	this home 0.15 · comparable -0.0032	+$232,864
Micro-location	this home 0.15 · comparable -0.0002	+$228,304
Land size	this home 600 m² · comparable 812 m²	−$169,600
Condition	this home 8 · comparable 9	−$114,000
Bedrooms	this home 3 · comparable 4	−$100,000
Distance to beach	this home 1.07 km · comparable 1.71 km	+$36,480
Car spaces	this home 1 · comparable 2	−$36,000
Floor area	this home 173 m² · comparable 156.04 m²	+$31,138
Year built	this home 1979 · comparable 1982	−$14,676
Net adjustment		+$94,510

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

17 Pitta Place

Sold 29 July 2026 · 0.16 km away

Sold for

$2,137,000

Adjusted to this home

$2,104,037

What we added and subtracted to make this sale comparable to 7 Penguin Parade
Street	this home 0.15 · comparable 0.0195	+$223,102
Bedrooms	this home 3 · comparable 4	−$100,000
Land size	this home 600 m² · comparable 714 m²	−$91,200
Car spaces	this home 1 · comparable 2	−$36,000
Cladding	this home 3 · comparable 2	+$33,474
Air conditioning	this home 0 · comparable 1	−$24,000
Floor area	this home 173 m² · comparable 181 m²	−$14,688
Year built	this home 1979 · comparable 1982	−$14,676
Distance to beach	this home 1.07 km · comparable 0.93 km	−$8,975
Net adjustment		−$32,963

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

6 Wedgebill Parade

Sold 1.45 km away

Sold for

$1,795,000

Adjusted to this home

$1,929,178

What we added and subtracted to make this sale comparable to 7 Penguin Parade
Bedrooms	this home 3 · comparable 4	−$100,000
Micro-location	this home 0.15 · comparable 0.0883	+$88,602
Pool	this home 1 · comparable 0	+$72,000
Condition	this home 8 · comparable 7	+$71,800
Year built	this home 1979 · comparable 1990	−$53,812
Distance to beach	this home 1.07 km · comparable 1.93 km	+$46,311
Car spaces	this home 1 · comparable 2	−$36,000
Cladding	this home 3 · comparable 2	+$33,474
Floor area	this home 173 m² · comparable 165.7 m²	+$13,403
Land size	this home 600 m² · comparable 602 m²	−$1,600
Net adjustment		+$134,178

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

14 Maitland Street

Sold 7 September 2026 · 0.42 km away

Sold for

$2,125,000

Adjusted to this home

$1,925,058

What we added and subtracted to make this sale comparable to 7 Penguin Parade
Condition	this home 8 · comparable 6	+$170,000
Floor area	this home 173 m² · comparable 243 m²	−$128,520
Car spaces	this home 1 · comparable 4	−$108,000
Bedrooms	this home 3 · comparable 4	−$100,000
Street	this home 0.15 · comparable 0.1038	+$78,540
Bathrooms	this home 2 · comparable 3	−$68,000
Storeys	this home 1 · comparable 2	−$48,000
Year built	this home 1979 · comparable 1987	−$39,136
Cladding	this home 3 · comparable 2	+$33,474
Distance to beach	this home 1.07 km · comparable 1.31 km	+$15,300
Land size	this home 600 m² · comparable 607 m²	−$5,600
Net adjustment		−$199,942

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

28 Mountain View Avenue

Sold 7 July 2026 · 0.44 km away

Sold for

$2,250,000

Adjusted to this home

$1,973,156

What we added and subtracted to make this sale comparable to 7 Penguin Parade
Condition	this home 8 · comparable 9	−$135,000
Bedrooms	this home 3 · comparable 4	−$100,000
Pool	this home 1 · comparable 0	+$72,000
Street	this home 0.15 · comparable 0.1104	+$71,280
Land size	this home 600 m² · comparable 682 m²	−$65,600
Year built	this home 1979 · comparable 1987	−$39,136
Car spaces	this home 1 · comparable 2	−$36,000
Distance to beach	this home 1.07 km · comparable 0.63 km	−$29,700
Floor area	this home 173 m² · comparable 181 m²	−$14,688
Net adjustment		−$276,844

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

5 Bluejay Street

Sold 13 May 2026 · 0.58 km away

Sold for

$2,200,000

Adjusted to this home

$1,977,006

What we added and subtracted to make this sale comparable to 7 Penguin Parade
Bedrooms	this home 3 · comparable 4	−$100,000
Floor area	this home 173 m² · comparable 221 m²	−$88,128
Pool	this home 1 · comparable 0	+$72,000
Land size	this home 600 m² · comparable 683 m²	−$66,400
Year built	this home 1979 · comparable 1989	−$48,920
Car spaces	this home 1 · comparable 2	−$36,000
Distance to beach	this home 1.07 km · comparable 1.6 km	+$34,980
Cladding	this home 3 · comparable 2	+$33,474
Air conditioning	this home 0 · comparable 1	−$24,000
Net adjustment		−$222,994

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 Penguin Parade 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 Penguin Parade over the past 18 months, compared it with Burleigh Waters’s wider market, and examined the indicators most likely to reveal what happens next.

Market intelligence

7 reports

Burleigh Waters

Should I Sell Now?

Absorption Rate: 3.3 months

Burleigh Waters

Is Now a Good Time to Buy?

12-Month Median Price: $1,917,500 (interval $1,850,277 to $1,965,000, n=216)

Burleigh Waters

Crash Risk

Queensland Household Spending: $22.3 billion, trending up

Burleigh Waters

Market Overview

12-Month Median Price: $1,917,500 (90% CI $1,850,277 to $1,965,000; n=216)

Burleigh Waters

Houses vs Units

Asking Price, Houses Vs Units (25 September 2026): $1,970,761 vs $1,178,936 (spread $791,824)

Burleigh Waters

Market Direction

12-Month Median Price (Fields Data): $1,917,500 (90% CI $1,850,277 to $1,965,000, n=216)

Burleigh Waters

Suburb Comparison

12-Month Median Price (Burleigh Waters): $1,917,500 (90% CI $1,850,277 to $1,965,000, n=216)

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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

13 houses are already on the market in Burleigh Waters.

See the homes buyers can choose from — and the market your home would enter.

See houses for sale in Burleigh Waters →See the Burleigh Waters property market →

7 Penguin Parade

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

39 Honeyeater Drive

56 Banksia Broadway

16 Manakin Avenue