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.

40 Gerona Circuit

Sold 26 May 2026 · 0.64 km away

Sold for

$1,410,000

Adjusted to this home

$1,498,343

What we added and subtracted to make this sale comparable to 7 Waimea Drive
Land size	this home 607 m² · comparable 400 m²	+$64,750
Pool	this home 0 · comparable 1	−$64,000
Micro-location	this home 0.1398 · comparable 0.0943	+$51,324
Floor area	this home 243 m² · comparable 188 m²	+$41,140
Bedrooms	this home 3 · comparable 4	−$22,375
Distance to beach	this home 4.48 km · comparable 5.03 km	+$10,237
Year built	this home 2005 · comparable 2003	+$7,267
Net adjustment		+$88,343

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

77 Southlake Drive

Sold 20 November 2025 · 0.75 km away

Sold for

$1,505,000

Adjusted to this home

$1,503,907

What we added and subtracted to make this sale comparable to 7 Waimea Drive
Condition	this home 7 · comparable 9	−$150,500
Water views	this home 0 · comparable 1	−$132,695
Micro-location	this home 0.1398 · comparable 0.0379	+$122,688
Floor area	this home 243 m² · comparable 113.49 m²	+$96,874
Year built	this home 2005 · comparable 1993	+$43,603
Car spaces	this home 2 · comparable 1	+$32,000
Distance to beach	this home 4.48 km · comparable 3.78 km	−$15,495
Land size	this home 607 m² · comparable 600 m²	+$2,190
Cladding	this home 3 · comparable 2	+$242
Net adjustment		−$1,093

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

5 Palma Crescent

Sold 27 March 2026 · 0.74 km away

Sold for

$1,395,000

Adjusted to this home

$1,394,781

What we added and subtracted to make this sale comparable to 7 Waimea Drive
Water views	this home 0 · comparable 1	−$132,695
Land size	this home 607 m² · comparable 350 m²	+$80,390
Micro-location	this home 0.1398 · comparable 0.0871	+$58,813
Condition	this home 7 · comparable 8	−$55,800
Floor area	this home 243 m² · comparable 172.46 m²	+$52,764
Bedrooms	this home 3 · comparable 4	−$22,375
Distance to beach	this home 4.48 km · comparable 5.1 km	+$11,417
Year built	this home 2005 · comparable 2003	+$7,267
Net adjustment		−$219

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

11 Grenada Court

Sold 12 June 2026 · 0.18 km away

Sold for

$1,350,000

Adjusted to this home

$1,509,059

What we added and subtracted to make this sale comparable to 7 Waimea Drive
Land size	this home 607 m² · comparable 295 m²	+$97,594
Floor area	this home 243 m² · comparable 118.7 m²	+$92,976
Condition	this home 7 · comparable 8	−$54,000
Year built	this home 2005 · comparable 2002	+$10,901
Micro-location	this home 0.1398 · comparable 0.1321	+$8,316
Distance to beach	this home 4.48 km · comparable 4.65 km	+$3,030
Cladding	this home 3 · comparable 2	+$242
Net adjustment		+$159,059

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

41 Gerona Circuit

Sold 26 May 2026 · 0.72 km away

Sold for

$1,410,000

Adjusted to this home

$1,530,516

What we added and subtracted to make this sale comparable to 7 Waimea Drive
Micro-location	this home 0.1398 · comparable 0.0822	+$64,973
Floor area	this home 243 m² · comparable 174 m²	+$51,612
Bedrooms	this home 3 · comparable 4	−$22,375
Distance to beach	this home 4.48 km · comparable 5.15 km	+$12,470
Year built	this home 2005 · comparable 2003	+$7,267
Land size	this home 607 m² · comparable 586 m²	+$6,569
Net adjustment		+$120,516

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

4 Barbie Avenue

Sold 5 August 2026 · 0.67 km away

Sold for

$1,515,000

Adjusted to this home

$1,404,799

What we added and subtracted to make this sale comparable to 7 Waimea Drive
Condition	this home 7 · comparable 9	−$151,500
Micro-location	this home 0.1398 · comparable 0.0574	+$99,869
Floor area	this home 243 m² · comparable 151 m²	+$68,816
Car spaces	this home 2 · comparable 4	−$64,000
Pool	this home 0 · comparable 1	−$64,000
Bedrooms	this home 3 · comparable 4	−$22,375
Year built	this home 2005 · comparable 1999	+$21,802
Land size	this home 607 m² · comparable 570 m²	+$11,574
Distance to beach	this home 4.48 km · comparable 3.98 km	−$10,145
Cladding	this home 3 · comparable 4	−$242
Net adjustment		−$110,201

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

56 Southlake Drive

Sold 21 July 2026 · 0.80 km away

Sold for

$1,660,000

Adjusted to this home

$1,644,852

What we added and subtracted to make this sale comparable to 7 Waimea Drive
Condition	this home 7 · comparable 9	−$166,000
Micro-location	this home 0.1398 · comparable 0.0447	+$126,293
Floor area	this home 243 m² · comparable 133 m²	+$82,280
Pool	this home 0 · comparable 1	−$64,000
Land size	this home 607 m² · comparable 432 m²	+$54,740
Year built	this home 2005 · comparable 1993	+$43,603
Car spaces	this home 2 · comparable 3	−$32,000
Bedrooms	this home 3 · comparable 4	−$22,375
Air conditioning	this home 0 · comparable 1	−$20,000
Distance to beach	this home 4.48 km · comparable 3.76 km	−$17,689
Net adjustment		−$15,148

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

13 Kodiak Drive

Sold 24 August 2026 · 0.35 km away

Sold for

$1,820,000

Adjusted to this home

$1,512,190

What we added and subtracted to make this sale comparable to 7 Waimea Drive
Condition	this home 7 · comparable 9	−$182,000
Pool	this home 0 · comparable 1	−$64,000
Storeys	this home 1 · comparable 2	−$43,594
Car spaces	this home 2 · comparable 3	−$32,000
Floor area	this home 243 m² · comparable 202.99 m²	+$29,927
Bedrooms	this home 3 · comparable 4	−$22,375
Micro-location	this home 0.1398 · comparable 0.1255	+$20,821
Bathrooms	this home 2 · comparable 3	−$20,183
Land size	this home 607 m² · comparable 640 m²	−$10,322
Distance to beach	this home 4.48 km · comparable 4.84 km	+$8,649
Year built	this home 2005 · comparable 2003	+$7,267
Net adjustment		−$307,810

A further 6 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 Waimea 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 Waimea 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 Waimea Drive

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

40 Gerona Circuit

77 Southlake Drive

5 Palma Crescent

11 Grenada Court

41 Gerona Circuit

4 Barbie Avenue

56 Southlake Drive

13 Kodiak Drive

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