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Australian (ASX) Real Estate Sector Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies60
  • 7D-2.1%
  • 3M-2.1%
  • 1Y4.2%
  • YTD5.4%

Over the last 7 days, the Real Estate industry has dropped 2.1%, driven by Goodman Group declining 6.5%. Over the past 12 months, the industry was up 4.2%. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Australian Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Nov 2025AU$204.3bAU$32.9bAU$7.8b16.7x26.3x6.2x
Mon, 06 Oct 2025AU$211.2bAU$32.9bAU$7.8b16.8x27.2x6.4x
Wed, 03 Sep 2025AU$210.3bAU$32.9bAU$7.8b16.8x27x6.4x
Fri, 01 Aug 2025AU$204.3bAU$32.2bAU$950.2m17.5x215x6.3x
Sun, 29 Jun 2025AU$196.6bAU$32.1bAU$928.2m17.8x211.8x6.1x
Tue, 27 May 2025AU$194.5bAU$32.2bAU$928.4m17.1x209.5x6x
Thu, 24 Apr 2025AU$179.5bAU$32.2bAU$929.0m15.2x193.3x5.6x
Sat, 22 Mar 2025AU$183.5bAU$32.2bAU$928.1m15.5x197.7x5.7x
Mon, 17 Feb 2025AU$194.2bAU$29.8b-AU$2,955,500,380.0018.8x-65.7x6.5x
Wed, 15 Jan 2025AU$189.2bAU$29.6b-AU$4,022,879,380.0020.5x-47x6.4x
Fri, 13 Dec 2024AU$188.8bAU$29.6b-AU$4,022,879,380.0020.6x-46.9x6.4x
Sun, 10 Nov 2024AU$188.3bAU$29.6b-AU$4,023,914,967.0019.9x-46.8x6.4x
Tue, 08 Oct 2024AU$196.5bAU$29.6b-AU$4,032,224,011.0021.4x-48.7x6.6x
Thu, 05 Sep 2024AU$186.4bAU$29.7b-AU$3,965,515,011.0018.8x-47x6.3x
Sat, 03 Aug 2024AU$185.5bAU$29.0b-AU$3,040,099,685.0032.2x-61x6.4x
Mon, 01 Jul 2024AU$176.3bAU$28.8b-AU$3,120,177,685.0029.5x-56.5x6.1x
Wed, 29 May 2024AU$181.3bAU$28.9b-AU$3,108,292,685.0028.3x-58.3x6.3x
Fri, 26 Apr 2024AU$174.4bAU$28.9b-AU$3,139,449,437.0027.8x-55.6x6x
Sun, 24 Mar 2024AU$183.8bAU$29.4b-AU$3,139,449,437.0030x-58.6x6.3x
Tue, 20 Feb 2024AU$170.3bAU$30.1b-AU$2,501,224,372.0028.7x-68.1x5.7x
Thu, 18 Jan 2024AU$160.6bAU$31.7bAU$634.0m27.6x253.4x5.1x
Sat, 16 Dec 2023AU$165.1bAU$31.8bAU$656.0m27.8x251.8x5.2x
Mon, 13 Nov 2023AU$147.6bAU$31.8bAU$658.2m24.6x224.2x4.6x
Wed, 11 Oct 2023AU$147.4bAU$31.8bAU$658.1m24.7x224x4.6x
Fri, 08 Sep 2023AU$157.1bAU$30.8bAU$658.1m25.3x238.7x5.1x
Sun, 06 Aug 2023AU$154.7bAU$33.7bAU$10.2b14.7x15.2x4.6x
Tue, 04 Jul 2023AU$153.3bAU$33.7bAU$10.5b13.2x14.6x4.5x
Thu, 01 Jun 2023AU$154.6bAU$33.7bAU$10.5b12.3x14.8x4.6x
Sat, 29 Apr 2023AU$156.9bAU$33.7bAU$10.5b13.1x15x4.7x
Mon, 27 Mar 2023AU$52.6bAU$20.9bAU$3.8b11.6x13.8x2.5x
Wed, 22 Feb 2023AU$159.9bAU$33.6bAU$11.7b10.6x13.6x4.8x
Fri, 20 Jan 2023AU$159.0bAU$35.2bAU$19.0b8x8.4x4.5x
Sun, 18 Dec 2022AU$155.6bAU$35.2bAU$19.0b8.1x8.2x4.4x
Tue, 15 Nov 2022AU$153.9bAU$35.2bAU$19.0b8x8.1x4.4x
Price to Earnings Ratio

8.1x


Total Market Cap: AU$153.9bTotal Earnings: AU$19.0bTotal Revenue: AU$35.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average 168x202320242025
Current Industry PE
  • Investors are pessimistic on the Australian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 26.3x which is lower than its 3-year average PE of 168x.
  • The 3-year average PS ratio of 5.6x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 26% per year over the last three years,
  • Revenues have also declined 2.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Australian Real Estate sector?

AU Market-1.70%
Real Estate-2.05%
Health Care REITs7.35%
Retail REITs1.10%
Hotel and Resort REITs0%0
Real Estate-0.016%
REITS-0.30%
Specialized REITs-0.81%
Office REITs-1.02%
Residential REITs-1.09%
Industrial REITs-6.24%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 673x.
    • Analysts are expecting annual earnings growth of 24.8%, which is higher than its past year's earnings growth of 16.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 78% over the next 5 years.
  • In contrast, the Retail REITs industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GPT GPT GroupAU$5.502.6%
+AU$268.2m		21.4%PB1x
VCX Vicinity CentresAU$2.572.0%
+AU$230.0m		21.8%PB1.1x
SCG Scentre GroupAU$4.111.0%
+AU$208.4m		19.5%PB1.2x
GLF GemLife Communities GroupAU$5.253.6%
+AU$68.5m		n/aPE32.8x
GOZ Growthpoint Properties AustraliaAU$2.601.6%
+AU$30.2m		2.8%PB0.8x

Latest News

GMG
AU$30.88
Goodman Group
7D
-6.5%
1Y
-13.5%

GMG: Significant Data Centre Investment Will Drive Operating Profit Higher

Analysts have revised Goodman Group’s price target downward from $37.82 to $37.39. They cite adjustments in projected revenue growth and a higher discount rate as key factors influencing their outlook.
APZ
AU$5.05
Aspen Group
7D
-4.4%
1Y
138.2%
SGP
AU$6.25
Stockland
7D
-1.0%
1Y
24.0%

SGP: Urbanisation And Logistics Expansion Will Support Stable Long-Term Performance

Analysts have slightly raised their price target for Stockland by $0.02. The company is now valued at $6.30 per share, reflecting updated assumptions around the discount rate and profitability outlook.
DXS
AU$7.20
DEXUS
7D
-1.1%
1Y
1.4%

Industrial And Logistics Trends Will Unlock Future Asset Value

Analysts have modestly raised their price target for DEXUS, increasing it from $8.12 to $8.14. They cite updated forecasts of higher profit margins and slight improvements in valuation metrics, despite a more cautious outlook on revenue growth.
GPT
AU$5.50
GPT Group
7D
2.6%
1Y
21.4%
GLF
AU$5.25
GemLife Communities Group
7D
3.6%
1Y
n/a

GemLife Communities Group (ASX:GLF) Takes On Some Risk With Its Use Of Debt

Oct 15
GemLife Communities Group (ASX:GLF) Takes On Some Risk With Its Use Of Debt
LLC
AU$5.45
Lendlease Group
7D
-1.8%
1Y
-20.0%
VCX
AU$2.57
Vicinity Centres
7D
2.0%
1Y
21.8%
CNI
AU$2.29
Centuria Capital Group
7D
-3.0%
1Y
27.6%
UOS
AU$0.69
United Overseas Australia
7D
2.2%
1Y
29.2%
SCG
AU$4.11
Scentre Group
7D
1.0%
1Y
19.5%

Capital Intensive Projects Will Suffer As E-Commerce Erodes Foot Traffic

The slight increase in Scentre Group’s Future P/E ratio indicates a modest rise in market optimism despite stable profitability, leading to a higher consensus analyst price target of A$4.27. What's in the News Scentre Group announced an ordinary dividend of AUD 0.08815 per share for the six months ended June 30, 2025.
HDN
AU$1.38
HomeCo Daily Needs REIT
7D
0.7%
1Y
10.0%
CHC
AU$22.05
Charter Hall Group
7D
-1.7%
1Y
47.1%

Australia's Population Boom And E-Commerce Will Shape Real Estate Markets

Charter Hall Group's consensus price target and key financial metrics, including Future P/E and Net Profit Margin, all saw only marginal improvements, indicating a stable valuation outlook with the fair value estimate rising slightly from A$21.22 to A$21.62. What's in the News Charter Hall Group increased its final franked dividend and distribution to 2.43¢ on CHPT units and 21.95¢ on CHL shares for FY25, up from 2.30¢ and 20.70¢, respectively, in FY24.
NSR
AU$2.27
National Storage REIT
7D
-1.3%
1Y
-8.1%
HCW
AU$0.73
HealthCo Healthcare and Wellness REIT
7D
7.4%
1Y
-34.5%
GOZ
AU$2.60
Growthpoint Properties Australia
7D
1.6%
1Y
2.8%