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

Australian (ASX) Real Estate Sector Analysis

UpdatedSep 18, 2025
DataAggregated Company Financials
Companies60
  • 7D0.5%
  • 3M4.0%
  • 1Y3.1%
  • YTD9.0%

In the last week, Real Estate has been flat. As for the the longer term, the industry is up 3.1% over the past 12 months. Looking forward, 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
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
Fri, 16 Jun 2023AU$151.5bAU$33.7bAU$10.5b13.1x14.5x4.5x
Sun, 14 May 2023AU$159.6bAU$33.7bAU$10.5b13.3x15.2x4.7x
Tue, 11 Apr 2023AU$150.6bAU$33.7bAU$10.5b11.9x14.4x4.5x
Thu, 09 Mar 2023AU$158.0bAU$33.7bAU$10.5b12.1x15.1x4.7x
Sat, 04 Feb 2023AU$169.7bAU$35.2bAU$18.6b8.3x9.1x4.8x
Mon, 02 Jan 2023AU$150.4bAU$35.2bAU$19.0b7.9x7.9x4.3x
Wed, 30 Nov 2022AU$156.6bAU$35.2bAU$19.0b8x8.3x4.4x
Fri, 28 Oct 2022AU$147.9bAU$35.2bAU$19.0b7.3x7.8x4.2x
Sun, 25 Sep 2022AU$143.5bAU$35.2bAU$19.0b7.2x7.6x4.1x
Price to Earnings Ratio

7.6x


Total Market Cap: AU$143.5bTotal Earnings: AU$19.0bTotal Revenue: AU$35.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average 166.9x202320242025
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 27.2x which is lower than its 3-year average PE of 167x.
  • The 3-year average PS ratio of 5.5x is lower than the industry's current PS ratio of 6.4x.
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 Market0.057%
Real Estate0.55%
Industrial REITs1.94%
Real Estate1.23%
Office REITs0.42%
Hotel and Resort REITs0%0
Specialized REITs-0.03%
Residential REITs-0.23%
REITS-0.28%
Retail REITs-0.62%
Health Care REITs-1.40%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 192x.
    • Analysts are expecting annual earnings growth of 24.6%, 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
GMG Goodman GroupAU$33.930.7%
+AU$449.9m		-7.0%PB3x
PXA PEXA GroupAU$16.802.9%
+AU$83.5m		17.2%PS7.6x
CIP Centuria Industrial REITAU$3.502.3%
+AU$55.6m		4.5%PB1x
LIC Lifestyle CommunitiesAU$6.028.1%
+AU$54.6m		-24.8%PS5x
PPC PeetAU$1.806.2%
+AU$49.2m		39.7%PE14.4x

Latest News

SCG
AU$4.07
Scentre Group
7D
-1.7%
1Y
6.3%
SGP
AU$6.23
Stockland
7D
-0.5%
1Y
16.7%
GMG
AU$33.93
Goodman Group
7D
0.7%
1Y
-7.0%
CIP
AU$3.50
Centuria Industrial REIT
7D
2.3%
1Y
4.5%

Rising Costs And Australia's Urban Clustering Will Weaken Returns

Centuria Industrial REIT’s net profit margin has improved slightly, supporting a marginal increase in its consensus analyst price target from A$3.62 to A$3.67. What's in the News The Board authorized a share buyback plan, allowing repurchase of up to AUD 60 million in ordinary units, funded by cash and debt, through August 5, 2026 (total shares outstanding: 634,930,635).
CHC
AU$22.96
Charter Hall Group
7D
-0.9%
1Y
44.3%

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.
GPT
AU$5.34
GPT Group
7D
-2.4%
1Y
3.7%

Australia's Urbanisation And Surging E-Commerce Will Fuel Prime Asset Demand

GPT Group’s consensus price target was marginally revised upward from A$5.57 to A$5.58, reflecting minimal change as both the discount rate and net profit margin remained essentially stable. Valuation Changes Summary of Valuation Changes for GPT Group The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from A$5.57 to A$5.58.
PXA
AU$16.80
PEXA Group
7D
2.9%
1Y
17.2%

UK Expansion And Technology Investment Will Create Future Value

PEXA Group's consensus revenue growth forecasts have been notably downgraded while its future P/E multiple has risen significantly, resulting in only a marginal increase in the analyst price target from A$17.22 to A$17.41. What's in the News PEXA Group issued earnings guidance for fiscal year 2026, projecting group revenue between $405 million and $430 million.
LLC
AU$5.36
Lendlease Group
7D
-1.5%
1Y
-25.2%

Restructuring And Divestment Will Refocus International Operations

Lendlease Group’s key valuation metrics, including the discount rate and future P/E ratio, remained essentially flat, resulting in the consensus analyst price target holding steady at A$6.56. What's in the News Lendlease Group announced a distribution of AUD 0.16955951 per unit for the six months ended June 30, 2025.
RFF
AU$1.97
Rural Funds Group
7D
4.2%
1Y
-0.3%
VCX
AU$2.51
Vicinity Centres
7D
-2.7%
1Y
5.0%
LIC
AU$6.02
Lifestyle Communities
7D
8.1%
1Y
-24.8%

Revenues Tell The Story For Lifestyle Communities Limited (ASX:LIC) As Its Stock Soars 26%

Sep 02
Revenues Tell The Story For Lifestyle Communities Limited (ASX:LIC) As Its Stock Soars 26%
INA
AU$5.54
Ingenia Communities Group
7D
-1.6%
1Y
8.0%
DXS
AU$7.28
DEXUS
7D
0.6%
1Y
-4.6%
PPC
AU$1.80
Peet
7D
6.2%
1Y
39.7%

Peet (ASX:PPC) Is Increasing Its Dividend To A$0.05

Aug 25
Peet (ASX:PPC) Is Increasing Its Dividend To A$0.05
NSR
AU$2.38
National Storage REIT
7D
-0.8%
1Y
-5.2%
GOZ
AU$2.60
Growthpoint Properties Australia
7D
1.6%
1Y
-6.8%