Power shifts to buyers in Canungra’s property market

Key points

• Buyers and sellers in Canungra are taking a more cautious approach, with local agents saying the market is levelling out after its peak. Ray White sales consultant Kevin Blanc said buyers now have more power, though demand remains high.
• Median house prices reached $1.2 million for the 12 months to July 2026, up 13.2 per cent.
• Listings have also settled after a sharp rise in 2024, and families are moving from the Gold Coast to the town.