Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Real Estate Sector Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies56
  • 7D-1.0%
  • 3M4.2%
  • 1Y-7.5%
  • YTD-9.4%

Over the last 7 days, the Real Estate industry has dropped 1.0%, driven by a pullback from Goodman Group of 2.6%. The industry has fallen 7.5% in the last year. Looking forward, earnings are forecast to grow by 8.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026AU$180.5bAU$31.6bAU$10.8b11.6x16.7x5.7x
Tue, 09 Jun 2026AU$178.0bAU$31.6bAU$10.8b11x16.5x5.6x
Thu, 07 May 2026AU$185.7bAU$32.0bAU$10.8b11.8x17.1x5.8x
Sat, 04 Apr 2026AU$169.5bAU$32.0bAU$10.8b11.6x15.6x5.3x
Mon, 02 Mar 2026AU$191.1bAU$32.0bAU$10.8b12.9x17.6x6x
Wed, 28 Jan 2026AU$199.4bAU$32.9bAU$7.8b15.4x25.6x6.1x
Fri, 26 Dec 2025AU$206.2bAU$32.9bAU$7.8b16.1x26.5x6.3x
Sun, 23 Nov 2025AU$197.9bAU$32.9bAU$7.8b16.2x25.4x6x
Tue, 21 Oct 2025AU$211.6bAU$32.9bAU$7.8b16.8x27.2x6.4x
Thu, 18 Sep 2025AU$211.5bAU$32.9bAU$7.8b17.1x27.2x6.4x
Sat, 16 Aug 2025AU$210.0bAU$32.4bAU$2.4b17.2x88.8x6.5x
Mon, 14 Jul 2025AU$197.5bAU$32.2bAU$936.1m17x210.9x6.1x
Wed, 11 Jun 2025AU$199.9bAU$32.1bAU$928.3m18.2x215.3x6.2x
Fri, 09 May 2025AU$193.4bAU$32.2bAU$929.0m16.4x208.1x6x
Sun, 06 Apr 2025AU$175.1bAU$32.2bAU$928.1m14.5x188.7x5.4x
Tue, 04 Mar 2025AU$188.3bAU$32.3bAU$971.0m16.7x194x5.8x
Thu, 30 Jan 2025AU$191.8bAU$29.6b-AU$4,022,879,380.0020.5x-47.7x6.5x
Sat, 28 Dec 2024AU$192.3bAU$29.6b-AU$4,022,879,380.0021x-47.8x6.5x
Mon, 25 Nov 2024AU$192.4bAU$29.6b-AU$4,022,762,041.0020.8x-47.8x6.5x
Wed, 23 Oct 2024AU$193.5bAU$29.6b-AU$4,032,224,011.0021.7x-48x6.5x
Fri, 20 Sep 2024AU$202.4bAU$29.7b-AU$3,965,515,011.0021.7x-51.1x6.8x
Sun, 18 Aug 2024AU$185.9bAU$29.6b-AU$3,065,044,685.0031x-60.7x6.3x
Tue, 16 Jul 2024AU$185.9bAU$28.8b-AU$3,120,177,685.0030.7x-59.6x6.5x
Thu, 13 Jun 2024AU$179.6bAU$28.9b-AU$3,108,292,685.0027.6x-57.8x6.2x
Sat, 11 May 2024AU$180.2bAU$28.9b-AU$3,139,425,437.0028.2x-57.4x6.2x
Mon, 08 Apr 2024AU$182.0bAU$28.9b-AU$3,139,449,437.0028.8x-58x6.3x
Wed, 06 Mar 2024AU$176.2bAU$29.4b-AU$3,139,818,142.0027.7x-56.1x6x
Fri, 02 Feb 2024AU$164.9bAU$31.8bAU$640.6m26.2x257.5x5.2x
Sun, 31 Dec 2023AU$166.3bAU$31.8bAU$656.3m27.4x253.4x5.2x
Tue, 28 Nov 2023AU$148.5bAU$31.8bAU$656.1m24.6x226.4x4.7x
Thu, 26 Oct 2023AU$140.3bAU$31.8bAU$658.2m23.3x213.2x4.4x
Sat, 23 Sep 2023AU$140.9bAU$31.0bAU$719.6m25.4x195.8x4.5x
Mon, 21 Aug 2023AU$156.1bAU$31.2bAU$2.8b19.5x54.9x5x
Wed, 19 Jul 2023AU$154.8bAU$33.7bAU$10.5b12.9x14.8x4.6x
Price to Earnings Ratio

14.8x


Total Market Cap: AU$154.8bTotal Earnings: AU$10.5bTotal Revenue: AU$33.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average 169.7x202420252026
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 16.7x which is lower than its 3-year average PE of 170x.
  • The industry is trading close to its 3-year average PS ratio of 5.9x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 2.2% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

AU Market-0.42%
Real Estate-1.03%
Office REITs1.36%
Specialized REITs0.72%
Retail REITs0.31%
Hotel and Resort REITs0%0
Real Estate-0.83%
REITS-0.85%
Industrial REITs-2.51%
Residential REITs-2.75%
Health Care REITs-4.83%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 17.3x.
    • Analysts expect its future annual earnings growth (38.8%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 100% over the next 5 years.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 8.4% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
DXS DEXUSAU$5.612.7%
+AU$160.4m		-18.6%PB0.6x
GPT GPT GroupAU$4.891.7%
+AU$153.2m		-2.4%PB0.9x
DGT DigiCo Infrastructure REITAU$2.535.0%
+AU$66.4m		-15.4%PB0.6x
RGN Region GroupAU$2.362.2%
+AU$57.4m		4.9%PB0.9x
GOZ Growthpoint Properties AustraliaAU$2.182.8%
+AU$45.3m		-6.8%PB0.7x

Latest News

SGP
AU$3.98
Stockland
7D
-1.5%
1Y
-26.4%
Narrative Update • Jul 10

SGP: Housing Projects And Retail Shift Will Shape Future Earnings Balance

Analysts have trimmed their Stockland fair value estimate from A$4.30 to A$3.93, reflecting updated assumptions for revenue growth, profit margins and a slightly higher discount rate, along with a modestly lower future P/E multiple. What’s in the News for Stockland Stockland is highlighted as one of Australia’s largest diversified property groups, with operations across residential community development, retail town centres, and logistics and workplace property, according to recent coverage of Stockland (ASX:SGP).
LIC
AU$5.11
Lifestyle Communities
7D
-5.4%
1Y
11.8%
GOZ
AU$2.18
Growthpoint Properties Australia
7D
2.8%
1Y
-6.8%
Narrative Update • Jul 06

GOZ: Higher Future P/E Will Support Stronger Distribution Outlook

Analysts have lifted their fair value estimate for Growthpoint Properties Australia from A$2.02 to A$2.47, citing updated assumptions for revenue growth, profit margins and future P/E that collectively support a higher target price. What's in the News Growthpoint Properties Australia declared a distribution of 9.2 cents per security for the six months ending 30 June 2026, aligning with prior guidance for this period.
PXA
AU$8.10
PEXA Group
7D
-5.2%
1Y
-37.4%
GMG
AU$29.97
Goodman Group
7D
-2.6%
1Y
-11.2%
SKG
AU$1.28
Storage King Group
7D
-3.4%
1Y
-13.2%
DGT
AU$2.53
DigiCo Infrastructure REIT
7D
5.0%
1Y
-15.4%
DXS
AU$5.61
DEXUS
7D
2.7%
1Y
-18.6%
Narrative Update • Jun 26

DXS: Court-Driven APAC Exit And Buyback Will Support Future Returns

Analysts have lowered their DEXUS price target to A$8.38 from A$9.30, citing updated assumptions that incorporate a higher discount rate, a smaller expected decline in revenue, stronger profit margins, and a lower future P/E multiple. What’s in the News for DEXUS NSW Supreme Court dissolved injunctions that had blocked the forced sale of DEXUS’s 27.3% stake in Australia Pacific Airports Corporation, allowing the compulsory divestment process to proceed.
CNI
AU$1.75
Centuria Capital Group
7D
-6.4%
1Y
0%
BWP
AU$3.86
BWP Trust
7D
1.3%
1Y
10.6%
CHC
AU$22.34
Charter Hall Group
7D
-2.4%
1Y
16.8%
INA
AU$4.34
Ingenia Communities Group
7D
-2.9%
1Y
-15.7%
Narrative Update • Jun 23

INA: FY26 Guidance And Stable Assumptions Will Support Balanced Upside Potential

Analysts have maintained their A$4.35 price target for Ingenia Communities Group, citing relatively unchanged fair value and discount rate assumptions, along with only small adjustments to revenue growth, profit margin, and future P/E expectations. What's in the News for Ingenia Communities Group Ingenia Communities Group affirmed earnings guidance for fiscal year 2026, maintaining its previously communicated outlook.
GPT
AU$4.89
GPT Group
7D
1.7%
1Y
-2.4%
RGN
AU$2.36
Region Group
7D
2.2%
1Y
4.9%
UOS
AU$0.70
United Overseas Australia
7D
2.9%
1Y
19.7%
PPC
AU$1.78
Peet
7D
5.3%
1Y
10.2%