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

Australian (ASX) Real Estate Sector Analysis

UpdatedNov 04, 2025
DataAggregated Company Financials
Companies60
  • 7D-4.0%
  • 3M0.9%
  • 1Y4.2%
  • YTD7.1%

Over the last 7 days, the Real Estate industry has dropped 4.0%, driven by a pullback from Goodman Group of 4.7%. In contrast, Cedar Woods Properties has gained 9.2%. In the past year, the industry has gained 4.2%. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Nov 2025AU$207.5bAU$32.9bAU$7.8b16.7x26.7x6.3x
Thu, 02 Oct 2025AU$207.9bAU$32.9bAU$7.8b16.7x26.7x6.3x
Sat, 30 Aug 2025AU$212.3bAU$33.0bAU$8.0b16.4x26.5x6.4x
Mon, 28 Jul 2025AU$200.7bAU$32.2bAU$936.9m16.9x214.2x6.2x
Wed, 25 Jun 2025AU$200.2bAU$32.1bAU$928.3m17.9x215.6x6.2x
Fri, 23 May 2025AU$193.0bAU$32.2bAU$929.0m16.5x207.7x6x
Sun, 20 Apr 2025AU$177.7bAU$32.2bAU$929.0m15.2x191.3x5.5x
Tue, 18 Mar 2025AU$180.8bAU$32.2bAU$928.1m15.2x194.8x5.6x
Thu, 13 Feb 2025AU$193.3bAU$29.8b-AU$3,290,712,380.0020.2x-58.8x6.5x
Sat, 11 Jan 2025AU$190.4bAU$29.6b-AU$4,022,879,380.0020.5x-47.3x6.4x
Mon, 09 Dec 2024AU$191.4bAU$29.6b-AU$4,022,762,041.0021x-47.6x6.5x
Wed, 06 Nov 2024AU$190.9bAU$29.6b-AU$4,023,914,967.0020.1x-47.5x6.4x
Fri, 04 Oct 2024AU$199.7bAU$29.6b-AU$4,032,224,011.0021.7x-49.5x6.8x
Sun, 01 Sep 2024AU$188.5bAU$29.7b-AU$3,965,515,011.0019.1x-47.5x6.3x
Tue, 30 Jul 2024AU$185.0bAU$29.0b-AU$3,107,032,685.0031.5x-59.6x6.4x
Thu, 27 Jun 2024AU$183.6bAU$28.9b-AU$3,108,292,685.0028.7x-59.1x6.4x
Sat, 25 May 2024AU$178.6bAU$28.9b-AU$3,138,830,644.0028.2x-56.9x6.2x
Mon, 22 Apr 2024AU$171.7bAU$28.9b-AU$3,139,449,437.0027.2x-54.7x5.9x
Wed, 20 Mar 2024AU$179.3bAU$29.4b-AU$3,139,449,437.0029.1x-57.1x6.1x
Fri, 16 Feb 2024AU$173.7bAU$31.8b-AU$2,137,528,372.0029.3x-81.3x5.5x
Sun, 14 Jan 2024AU$163.1bAU$31.7bAU$633.9m26.7x257.2x5.1x
Tue, 12 Dec 2023AU$157.4bAU$31.8bAU$656.1m26.3x239.9x4.9x
Thu, 09 Nov 2023AU$147.6bAU$31.8bAU$658.1m24.7x224.3x4.6x
Sat, 07 Oct 2023AU$145.5bAU$31.8bAU$658.2m24.6x221x4.6x
Mon, 04 Sep 2023AU$158.8bAU$30.8bAU$658.1m25.9x241.3x5.2x
Wed, 02 Aug 2023AU$157.7bAU$33.7bAU$10.4b13.3x15.2x4.7x
Fri, 30 Jun 2023AU$152.8bAU$33.7bAU$10.5b13.2x14.6x4.5x
Sun, 28 May 2023AU$155.2bAU$33.7bAU$10.5b12.5x14.8x4.6x
Tue, 25 Apr 2023AU$156.0bAU$33.7bAU$10.5b12.9x14.9x4.6x
Thu, 23 Mar 2023AU$53.2bAU$20.9bAU$3.8b11.5x13.9x2.5x
Sat, 18 Feb 2023AU$161.5bAU$28.5bAU$13.5b10x11.9x5.7x
Mon, 16 Jan 2023AU$156.9bAU$35.2bAU$19.0b8x8.3x4.5x
Wed, 14 Dec 2022AU$155.1bAU$35.2bAU$19.0b8x8.2x4.4x
Fri, 11 Nov 2022AU$150.5bAU$35.2bAU$19.0b7.9x7.9x4.3x
Price to Earnings Ratio

7.9x


Total Market Cap: AU$150.5bTotal Earnings: AU$19.0bTotal Revenue: AU$35.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average 167.7x202320242025
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 26.7x 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 6.3x.
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-1.82%
Real Estate-3.98%
Health Care REITs4.29%
Hotel and Resort REITs0%0
Real Estate-1.51%
Residential REITs-3.06%
Industrial REITs-3.92%
Retail REITs-4.03%
Office REITs-4.38%
REITS-4.52%
Specialized REITs-4.56%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 638x.
    • 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
CWP Cedar Woods PropertiesAU$8.789.2%
+AU$61.4m		55.4%PE15.1x
HCW HealthCo Healthcare and Wellness REITAU$0.7611.8%
+AU$44.0m		-32.7%PB0.5x
SRV ServcorpAU$7.461.9%
+AU$14.0m		55.4%PE14x
APZ Aspen GroupAU$5.250.8%
+AU$9.1m		139.7%PB2.2x
UOS United Overseas AustraliaAU$0.680.7%
+AU$8.5m		21.6%PE11.2x

Latest News

CWP
AU$8.78
Cedar Woods Properties
7D
9.2%
1Y
55.4%
APZ
AU$5.25
Aspen Group
7D
0.8%
1Y
139.7%
SRV
AU$7.46
Servcorp
7D
1.9%
1Y
55.4%

SRV: Dividend Outlook And Earnings Multiples Will Drive Share Upside

Analysts have raised their price target for Servcorp from $7.20 to $8.62, citing updated fair value estimates and modest adjustments to financial metrics. What's in the News Servcorp announced that dividends for the 2026 financial year are not expected to be below 30.0 cents per share (Key Developments) The company declared an Ordinary Fully Paid dividend of AUD 0.14 per share for the six months ended June 30, 2025, with a payment date of October 2, 2025 (Key Developments) Valuation Changes The Fair Value Estimate has increased from A$7.20 to A$8.62, reflecting a higher assessment of Servcorp's intrinsic value.
SGP
AU$6.19
Stockland
7D
-8.0%
1Y
20.2%

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$7.16
DEXUS
7D
-7.4%
1Y
0.3%

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$5.27
GPT Group
7D
-5.4%
1Y
11.9%
MGR
AU$2.26
Mirvac Group
7D
-7.4%
1Y
4.6%

Analysts Raise Mirvac Group Price Target as Valuation Edges Higher on Earnings Outlook

Analysts have increased their price target for Mirvac Group from $2.41 to $2.45. This reflects slight improvements in fair value assessments and projected profit margins.
GMG
AU$32.33
Goodman Group
7D
-4.7%
1Y
-10.9%
VCX
AU$2.47
Vicinity Centres
7D
-7.1%
1Y
14.9%
UOS
AU$0.68
United Overseas Australia
7D
0.7%
1Y
21.6%
SCG
AU$4.01
Scentre Group
7D
-5.2%
1Y
15.6%

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.
DGT
AU$2.72
DigiCo Infrastructure REIT
7D
0.4%
1Y
n/a
DXC
AU$2.97
Dexus Convenience Retail REIT
7D
1.0%
1Y
-0.3%
CHC
AU$22.05
Charter Hall Group
7D
-5.6%
1Y
43.7%

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.
HCW
AU$0.76
HealthCo Healthcare and Wellness REIT
7D
11.8%
1Y
-32.7%
APW
AU$3.36
Aims Property Securities Fund
7D
3.7%
1Y
104.9%