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.

34 Seafoam Close

Sold 13 October 2025 · 0.42 km away

Sold for

$1,450,000

Adjusted to this home

$1,385,646

What we added and subtracted to make this sale comparable to 7 Silvabank Drive
Floor area	this home 120 m² · comparable 169 m²	−$95,530
Pool	this home 1 · comparable 0	+$38,978
Street	this home 0.065 · comparable 0.0909	−$30,044
Micro-location	this home 0.053 · comparable 0.0365	+$19,140
Year built	this home 1990 · comparable 1994	−$9,805
Distance to beach	this home 3.1 km · comparable 3.45 km	+$9,135
Land size	this home 829 m² · comparable 624 m²	+$3,772
Net adjustment		−$64,354

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

288 Christine Avenue

Sold 13 August 2026 · 0.28 km away

Sold for

$1,420,000

Adjusted to this home

$1,234,740

What we added and subtracted to make this sale comparable to 7 Silvabank Drive
Water views	this home 0 · comparable 1	−$191,266
Floor area	this home 120 m² · comparable 153.5 m²	−$65,312
Pool	this home 1 · comparable 0	+$38,978
Street	this home 0.065 · comparable 0.0431	+$24,878
Cladding	this home 3 · comparable 2	+$20,000
Year built	this home 1990 · comparable 1994	−$9,805
Micro-location	this home 0.053 · comparable 0.0586	−$6,362
Land size	this home 829 m² · comparable 729 m²	+$1,840
Distance to beach	this home 3.1 km · comparable 3.17 km	+$1,789
Net adjustment		−$185,260

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

28 Seafoam Close

Sold 27 October 2025 · 0.38 km away

Sold for

$1,545,000

Adjusted to this home

$1,359,491

What we added and subtracted to make this sale comparable to 7 Silvabank Drive
Bedrooms	this home 3 · comparable 4	−$120,441
Floor area	this home 120 m² · comparable 167 m²	−$91,631
Pool	this home 1 · comparable 0	+$38,978
Street	this home 0.065 · comparable 0.0909	−$32,013
Micro-location	this home 0.053 · comparable 0.0376	+$19,034
Year built	this home 1990 · comparable 1994	−$9,805
Distance to beach	this home 3.1 km · comparable 3.41 km	+$8,621
Land size	this home 829 m² · comparable 734 m²	+$1,748
Net adjustment		−$185,509

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

15 Southlake Drive

Sold 9 September 2026 · 0.42 km away

Sold for

$1,430,000

Adjusted to this home

$1,156,197

What we added and subtracted to make this sale comparable to 7 Silvabank Drive
Water views	this home 0 · comparable 1	−$191,266
Bedrooms	this home 3 · comparable 4	−$120,441
Floor area	this home 120 m² · comparable 141 m²	−$40,942
Pool	this home 1 · comparable 0	+$38,978
Micro-location	this home 0.053 · comparable 0.0385	+$16,588
Street	this home 0.065 · comparable 0.0515	+$15,444
Distance to beach	this home 3.1 km · comparable 3.52 km	+$10,811
Year built	this home 1990 · comparable 1993	−$7,354
Land size	this home 829 m² · comparable 591 m²	+$4,379
Net adjustment		−$273,803

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

21 Washington Court

Sold 17 June 2026 · 0.63 km away

Sold for

$2,050,000

Adjusted to this home

$1,398,969

What we added and subtracted to make this sale comparable to 7 Silvabank Drive
Water views	this home 0 · comparable 1	−$191,266
Floor area	this home 120 m² · comparable 212.39 m²	−$180,123
Street	this home 0.065 · comparable 0.15	−$139,400
Bedrooms	this home 3 · comparable 4	−$120,441
Year built	this home 1990 · comparable 1996	−$14,707
Storeys	this home 1 · comparable 2	−$13,858
Distance to beach	this home 3.1 km · comparable 3.22 km	+$4,428
Land size	this home 829 m² · comparable 629 m²	+$3,680
Micro-location	this home 0.053 · comparable 0.0526	+$656
Net adjustment		−$651,031

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

6 Massachusetts Court

Sold 17 August 2026 · 0.49 km away

Sold for

$1,800,000

Adjusted to this home

$1,232,477

What we added and subtracted to make this sale comparable to 7 Silvabank Drive
Floor area	this home 120 m² · comparable 255 m²	−$263,196
Water views	this home 0 · comparable 1	−$191,266
Bedrooms	this home 3 · comparable 4	−$120,441
Pool	this home 1 · comparable 0	+$38,978
Air conditioning	this home 0 · comparable 1	−$17,237
Year built	this home 1990 · comparable 1995	−$12,256
Micro-location	this home 0.053 · comparable 0.0585	−$7,920
Street	this home 0.065 · comparable 0.0616	+$4,896
Land size	this home 829 m² · comparable 691 m²	+$2,539
Distance to beach	this home 3.1 km · comparable 3.05 km	−$1,620
Net adjustment		−$567,523

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 7 Silvabank 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 Silvabank 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 →

7 Silvabank Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 6 sales behind that range — and every adjustment

34 Seafoam Close

288 Christine Avenue

28 Seafoam Close

15 Southlake Drive

21 Washington Court

6 Massachusetts Court

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