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.

41 Gerona Circuit

Sold 26 May 2026 · 0.27 km away

Sold for

$1,410,000

Adjusted to this home

$1,361,203

What we added and subtracted to make this sale comparable to 8 Palma Crescent
Land size	this home 350 m² · comparable 586 m²	−$103,840
Floor area	this home 208 m² · comparable 174 m²	+$41,806
Micro-location	this home 0.1027 · comparable 0.0822	+$23,124
Street	this home 0.0399 · comparable 0.0518	−$13,423
Distance to beach	this home 4.96 km · comparable 5.15 km	+$3,536
Net adjustment		−$48,797

A further 13 factors were compared and found the same on both properties, so no money moved.

39 Brier Crescent

Sold 16 May 2026 · 0.84 km away

Sold for

$1,302,000

Adjusted to this home

$1,324,770

What we added and subtracted to make this sale comparable to 8 Palma Crescent
Land size	this home 350 m² · comparable 708 m²	−$157,520
Micro-location	this home 0.1027 · comparable 0.0157	+$90,619
Floor area	this home 208 m² · comparable 141 m²	+$82,383
Street	this home 0.0399 · comparable -0.0225	+$64,996
Bedrooms	this home 4 · comparable 3	+$56,277
Condition	this home 7 · comparable 8	−$52,080
Year built	this home 2003 · comparable 2013	−$41,992
Car spaces	this home 2 · comparable 3	−$36,736
Cladding	this home 3 · comparable 1	+$27,307
Distance to beach	this home 4.96 km · comparable 4.35 km	−$10,484
Net adjustment		+$22,770

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

40 Gerona Circuit

Sold 26 May 2026 · 0.16 km away

Sold for

$1,410,000

Adjusted to this home

$1,330,280

What we added and subtracted to make this sale comparable to 8 Palma Crescent
Pool	this home 0 · comparable 1	−$79,667
Floor area	this home 208 m² · comparable 188 m²	+$24,592
Land size	this home 350 m² · comparable 400 m²	−$22,000
Street	this home 0.0399 · comparable 0.0518	−$13,423
Micro-location	this home 0.1027 · comparable 0.0943	+$9,475
Distance to beach	this home 4.96 km · comparable 5.03 km	+$1,303
Net adjustment		−$79,720

A further 12 factors were compared and found the same on both properties, so no money moved.

3 Avellino Drive

Sold 19 January 2026 · 0.72 km away

Sold for

$1,350,000

Adjusted to this home

$1,343,528

What we added and subtracted to make this sale comparable to 8 Palma Crescent
Micro-location	this home 0.1027 · comparable 0.1354	−$35,316
Floor area	this home 208 m² · comparable 181 m²	+$33,199
Distance to beach	this home 4.96 km · comparable 4.48 km	−$8,554
Year built	this home 2003 · comparable 2002	+$4,199
Net adjustment		−$6,472

A further 13 factors were compared and found the same on both properties, so no money moved.

9 Gainsborough Drive

Sold 14 September 2026 · 1.15 km away

Sold for

$1,400,000

Adjusted to this home

$1,479,216

What we added and subtracted to make this sale comparable to 8 Palma Crescent
Micro-location	this home 0.1027 · comparable 0.0223	+$90,048
Pool	this home 0 · comparable 1	−$79,667
Floor area	this home 208 m² · comparable 145 m²	+$77,465
Bedrooms	this home 4 · comparable 3	+$56,277
Condition	this home 7 · comparable 8	−$56,000
Year built	this home 2003 · comparable 1995	+$33,594
Land size	this home 350 m² · comparable 405 m²	−$24,200
Distance to beach	this home 4.96 km · comparable 3.92 km	−$19,757
Street	this home 0.0399 · comparable 0.0386	+$1,456
Net adjustment		+$79,216

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

49 Lantau Crescent

Sold 21 January 2026 · 0.30 km away

Sold for

$1,475,000

Adjusted to this home

$1,349,589

What we added and subtracted to make this sale comparable to 8 Palma Crescent
Condition	this home 7 · comparable 9	−$147,500
Pool	this home 0 · comparable 1	−$79,667
Street	this home 0.0399 · comparable -0.0071	+$55,460
Floor area	this home 208 m² · comparable 176.74 m²	+$38,438
Micro-location	this home 0.1027 · comparable 0.0831	+$23,128
Land size	this home 350 m² · comparable 400 m²	−$22,000
Year built	this home 2003 · comparable 2002	+$4,199
Distance to beach	this home 4.96 km · comparable 5.09 km	+$2,531
Net adjustment		−$125,411

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

5 Palma Crescent

Sold 27 March 2026 · 0.16 km away

Sold for

$1,395,000

Adjusted to this home

$1,285,369

What we added and subtracted to make this sale comparable to 8 Palma Crescent
Water views	this home 0 · comparable 1	−$117,519
Condition	this home 7 · comparable 8	−$55,800
Floor area	this home 208 m² · comparable 172.46 m²	+$43,700
Micro-location	this home 0.1027 · comparable 0.0871	+$17,410
Distance to beach	this home 4.96 km · comparable 5.1 km	+$2,578
Net adjustment		−$109,631

A further 13 factors were compared and found the same on both properties, so no money moved.

13 Acklin Court

Sold 2 September 2026 · 0.84 km away

Sold for

$1,110,000

Adjusted to this home

$1,236,210

What we added and subtracted to make this sale comparable to 8 Palma Crescent
Floor area	this home 208 m² · comparable 137 m²	+$87,302
Bedrooms	this home 4 · comparable 3	+$56,277
Distance to beach	this home 4.96 km · comparable 4.16 km	−$11,722
Land size	this home 350 m² · comparable 375 m²	−$11,000
Year built	this home 2003 · comparable 2002	+$4,199
Micro-location	this home 0.1027 · comparable 0.1014	+$1,154
Net adjustment		+$126,210

A further 11 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 8 Palma Crescent 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 8 Palma Crescent 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 →

8 Palma Crescent

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

41 Gerona Circuit

39 Brier Crescent

40 Gerona Circuit

3 Avellino Drive

9 Gainsborough Drive

49 Lantau Crescent

5 Palma Crescent

13 Acklin Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 8 Palma Crescent sit?