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.

5 Felix Court

Sold 27 April 2026 · 1.39 km away

Sold for

$1,330,000

Adjusted to this home

$1,307,937

What we added and subtracted to make this sale comparable to 8 Terrace Court
Car spaces	this home 1 · comparable 4	−$161,590
Street	this home 0.1224 · comparable 0.005	+$124,914
Floor area	this home 139 m² · comparable 181.6 m²	−$68,160
Pool	this home 1 · comparable 0	+$52,000
Land size	this home 675 m² · comparable 487 m²	+$28,726
Year built	this home 1987 · comparable 2002	−$24,504
Cladding	this home 3 · comparable 2	+$14,400
Micro-location	this home 0.053 · comparable 0.0405	+$13,300
Distance to beach	this home 8.49 km · comparable 7.92 km	−$1,149
Net adjustment		−$22,063

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

18 Nisbet Place

Sold 14 January 2026 · 1.20 km away

Sold for

$1,215,000

Adjusted to this home

$1,275,309

What we added and subtracted to make this sale comparable to 8 Terrace Court
Bedrooms	this home 4 · comparable 3	+$63,461
Car spaces	this home 1 · comparable 2	−$53,863
Pool	this home 1 · comparable 0	+$52,000
Floor area	this home 139 m² · comparable 110.21 m²	+$46,064
Land size	this home 675 m² · comparable 858 m²	−$27,962
Street	this home 0.1224 · comparable 0.15	−$26,827
Cladding	this home 3 · comparable 2	+$14,400
Year built	this home 1987 · comparable 1994	−$11,435
Micro-location	this home 0.053 · comparable 0.0484	+$4,471
Net adjustment		+$60,309

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

2 Mull Court

Sold 25 January 2026 · 1.11 km away

Sold for

$1,310,000

Adjusted to this home

$1,240,050

What we added and subtracted to make this sale comparable to 8 Terrace Court
Car spaces	this home 1 · comparable 2	−$53,863
Pool	this home 1 · comparable 0	+$52,000
Floor area	this home 139 m² · comparable 160 m²	−$33,600
Land size	this home 675 m² · comparable 763 m²	−$13,446
Street	this home 0.1224 · comparable 0.1341	−$12,262
Year built	this home 1987 · comparable 1990	−$4,901
Micro-location	this home 0.053 · comparable 0.0567	−$3,878
Net adjustment		−$69,950

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

73 Kingarry Circuit

Sold 25 March 2026 · 1.01 km away

Sold for

$1,245,000

Adjusted to this home

$1,370,050

What we added and subtracted to make this sale comparable to 8 Terrace Court
Car spaces	this home 1 · comparable 4	−$161,590
Street	this home 0.1224 · comparable -0.0298	+$151,591
Bedrooms	this home 4 · comparable 3	+$63,461
Micro-location	this home 0.053 · comparable 0.0155	+$37,350
Floor area	this home 139 m² · comparable 121 m²	+$28,800
Land size	this home 675 m² · comparable 508 m²	+$25,518
Year built	this home 1987 · comparable 1996	−$14,702
Distance to beach	this home 8.49 km · comparable 7.6 km	−$5,378
Net adjustment		+$125,050

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

3 Cabot Court

Sold 20 April 2026 · 0.22 km away

Sold for

$1,000,000

Adjusted to this home

$1,239,999

What we added and subtracted to make this sale comparable to 8 Terrace Court
Street	this home 0.1224 · comparable -0.0193	+$67,728
Floor area	this home 139 m² · comparable 93 m²	+$43,973
Bedrooms	this home 4 · comparable 3	+$37,915
Pool	this home 1 · comparable 0	+$31,068
Land size	this home 675 m² · comparable 400 m²	+$25,106
Bathrooms	this home 2 · comparable 1	+$23,898
Cladding	this home 3 · comparable 2	+$8,603
Micro-location	this home 0.053 · comparable 0.0433	+$4,636
Year built	this home 1987 · comparable 1990	−$2,928
Net adjustment		+$239,999

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

14 Griffon Street

Sold 10 March 2026 · 1.03 km away

Sold for

$1,218,000

Adjusted to this home

$1,360,177

What we added and subtracted to make this sale comparable to 8 Terrace Court
Street	this home 0.1224 · comparable 0.0335	+$86,624
Floor area	this home 139 m² · comparable 180 m²	−$65,600
Bedrooms	this home 4 · comparable 3	+$63,461
Car spaces	this home 1 · comparable 2	−$53,863
Pool	this home 1 · comparable 0	+$52,000
Land size	this home 675 m² · comparable 411 m²	+$40,339
Micro-location	this home 0.053 · comparable 0.0274	+$24,945
Year built	this home 1987 · comparable 1999	−$19,603
Cladding	this home 3 · comparable 2	+$14,400
Distance to beach	this home 8.49 km · comparable 7.96 km	−$526
Net adjustment		+$142,177

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

32 Merridown Drive

Sold 30 October 2025 · 1.43 km away

Sold for

$1,335,000

Adjusted to this home

$1,178,019

What we added and subtracted to make this sale comparable to 8 Terrace Court
Micro-location	this home 0.053 · comparable 0.1209	−$72,517
Car spaces	this home 1 · comparable 2	−$53,863
Floor area	this home 139 m² · comparable 150.13 m²	−$17,808
Cladding	this home 3 · comparable 2	+$14,400
Street	this home 0.1224 · comparable 0.1323	−$10,574
Land size	this home 675 m² · comparable 741 m²	−$10,085
Year built	this home 1987 · comparable 1991	−$6,534
Net adjustment		−$156,981

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

3 Fairbank Court

Sold 7 August 2026 · 1.16 km away

Sold for

$1,055,000

Adjusted to this home

$1,308,201

What we added and subtracted to make this sale comparable to 8 Terrace Court
Street	this home 0.1224 · comparable -0.0568	+$142,326
Bedrooms	this home 4 · comparable 3	+$59,718
Car spaces	this home 1 · comparable 2	−$50,687
Land size	this home 675 m² · comparable 331 m²	+$49,463
Pool	this home 1 · comparable 0	+$48,934
Floor area	this home 139 m² · comparable 126 m²	+$19,574
Year built	this home 1987 · comparable 1999	−$18,447
Micro-location	this home 0.053 · comparable 0.0436	+$7,466
Distance to beach	this home 8.49 km · comparable 7.52 km	−$5,146
Net adjustment		+$253,201

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 8 Terrace Court 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 Terrace Court over the past 18 months, compared it with Merrimac’s wider market, and examined the indicators most likely to reveal what happens next.

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Valuation Report

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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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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