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Australian (ASX) Real Estate Sector Analysis

UpdatedAug 27, 2026
DataAggregated Company Financials
Companies56
  • 7D-1.5%
  • 3M-2.7%
  • 1Y-16.8%
  • YTD-12.4%

Over the last 7 days, the Real Estate industry has dropped 1.5%, driven by a pullback from Goodman Group of 3.4%. Meanwhile, GemLife Communities Group actually outperformed within the industry, gaining 7.9% in the last week. Overall the industry is down 17% in 12 months. As for the next few years, earnings are expected to grow by 5.4% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026AU$174.8bAU$32.0bAU$12.4b10.2x14.1x5.5x
Sat, 25 Jul 2026AU$177.5bAU$31.6bAU$10.8b11.7x16.4x5.6x
Mon, 22 Jun 2026AU$186.4bAU$31.6bAU$10.8b12x17.2x5.9x
Wed, 20 May 2026AU$179.1bAU$31.6bAU$10.8b11.4x16.6x5.7x
Fri, 17 Apr 2026AU$181.9bAU$32.0bAU$10.8b11.9x16.8x5.7x
Sun, 15 Mar 2026AU$173.9bAU$32.0bAU$10.8b12x16x5.4x
Tue, 10 Feb 2026AU$195.2bAU$33.0bAU$8.0b15x24.3x5.9x
Thu, 08 Jan 2026AU$200.6bAU$32.9bAU$7.8b15.9x25.8x6.1x
Sat, 06 Dec 2025AU$199.1bAU$32.9bAU$7.8b15.9x25.6x6x
Mon, 03 Nov 2025AU$208.6bAU$32.9bAU$7.8b16.8x26.8x6.3x
Wed, 01 Oct 2025AU$207.4bAU$32.9bAU$7.8b16.9x26.7x6.3x
Fri, 29 Aug 2025AU$214.0bAU$33.1bAU$7.9b16.4x27.1x6.5x
Sun, 27 Jul 2025AU$200.7bAU$32.2bAU$936.9m16.9x214.2x6.2x
Tue, 24 Jun 2025AU$199.9bAU$32.1bAU$929.0m17.9x215.2x6.2x
Thu, 22 May 2025AU$194.4bAU$32.2bAU$929.0m16.6x209.2x6x
Sat, 19 Apr 2025AU$177.7bAU$32.2bAU$929.0m15.2x191.3x5.5x
Mon, 17 Mar 2025AU$180.5bAU$32.2bAU$928.1m15.2x194.4x5.6x
Wed, 12 Feb 2025AU$193.6bAU$29.8b-AU$3,333,659,380.0019.5x-58.1x6.5x
Fri, 10 Jan 2025AU$190.5bAU$29.6b-AU$4,022,879,380.0020.5x-47.3x6.4x
Sun, 08 Dec 2024AU$191.4bAU$29.6b-AU$4,022,762,041.0021x-47.6x6.5x
Tue, 05 Nov 2024AU$191.1bAU$29.6b-AU$4,023,914,967.0020x-47.5x6.4x
Thu, 03 Oct 2024AU$200.7bAU$29.7b-AU$3,965,515,011.0021.9x-50.6x6.8x
Sat, 31 Aug 2024AU$188.5bAU$29.7b-AU$3,931,322,011.0019.1x-47.9x6.3x
Mon, 29 Jul 2024AU$182.5bAU$29.0b-AU$3,107,032,685.0030.1x-58.7x6.3x
Wed, 26 Jun 2024AU$183.6bAU$28.9b-AU$3,108,292,685.0029.1x-59.1x6.4x
Fri, 24 May 2024AU$181.3bAU$28.9b-AU$3,138,830,644.0028.5x-57.8x6.3x
Sun, 21 Apr 2024AU$171.7bAU$28.9b-AU$3,139,449,437.0027.2x-54.7x5.9x
Tue, 19 Mar 2024AU$177.5bAU$29.4b-AU$3,139,449,437.0028.8x-56.5x6x
Thu, 15 Feb 2024AU$168.3bAU$31.7b-AU$885,024,372.0029.6x-190.2x5.3x
Sat, 13 Jan 2024AU$163.1bAU$31.7bAU$633.9m26.7x257.2x5.1x
Mon, 11 Dec 2023AU$157.5bAU$31.8bAU$656.1m26x240x4.9x
Wed, 08 Nov 2023AU$146.0bAU$31.8bAU$658.1m24.4x221.9x4.6x
Fri, 06 Oct 2023AU$147.1bAU$31.8bAU$658.1m24.7x223.5x4.6x
Sun, 03 Sep 2023AU$158.8bAU$30.8bAU$651.9m25.9x243.6x5.2x
Price to Earnings Ratio

243.6x


Total Market Cap: AU$158.8bTotal Earnings: AU$651.9mTotal Revenue: AU$30.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average 169.2x202420252026
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 14.1x which is lower than its 3-year average PE of 169x.
  • 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 grown 167% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

AU Market0.76%
Real Estate-1.53%
Real Estate4.16%
Office REITs1.20%
Hotel and Resort REITs0%0
Health Care REITs0%0
Retail REITs-0.67%
REITS-1.34%
Specialized REITs-3.14%
Industrial REITs-3.31%
Residential REITs-4.52%
Industry PE
  • Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 10.8%, which is lower than the prior year's growth of 20.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 61% over the next 5 years.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 8.2% 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
GLF GemLife Communities GroupAU$4.907.9%
+AU$136.9m		5.4%PE26.6x
SGP StocklandAU$4.590.9%
+AU$97.0m		-26.6%PB1x
PPC PeetAU$2.0111.4%
+AU$96.0m		18.2%PE9.1x
LLC Lendlease GroupAU$2.863.6%
+AU$68.2m		-48.2%PS0.4x
LIC Lifestyle CommunitiesAU$5.779.9%
+AU$63.3m		11.8%PE14.9x

Latest News

PPC
AU$2.01
Peet
7D
11.4%
1Y
18.2%
INA
AU$3.99
Ingenia Communities Group
7D
-4.5%
1Y
-33.2%
LIC
AU$5.77
Lifestyle Communities
7D
9.9%
1Y
11.8%
GLF
AU$4.90
GemLife Communities Group
7D
7.9%
1Y
5.4%
ABG
AU$0.91
Abacus Group
7D
5.2%
1Y
-26.4%
SCG
AU$3.62
Scentre Group
7D
-0.5%
1Y
-11.1%
Narrative Update • Aug 25

SCG: Capital Recycling And 2026 Distributions Will Support Income Visibility

Analysts have raised their price target for Scentre Group to A$4.12 from A$4.04, citing updated assumptions that include a different discount rate, softer revenue growth expectations, a higher profit margin, and a slightly adjusted future P/E multiple. What’s in the News for Scentre Group Scentre Group is reported to be exploring a sale of a near 50% stake in Brisbane's Westfield Mt Gravatt Shopping Centre in a deal worth about A$850 million, with Australian Retirement Trust and funds manager QIC linked to the discussions.
SGP
AU$4.59
Stockland
7D
0.9%
1Y
-26.6%
DGT
AU$2.57
DigiCo Infrastructure REIT
7D
-7.2%
1Y
-17.9%
CHC
AU$20.61
Charter Hall Group
7D
-5.9%
1Y
-12.1%
RFF
AU$1.96
Rural Funds Group
7D
-9.1%
1Y
1.0%
LLC
AU$2.86
Lendlease Group
7D
3.6%
1Y
-48.2%
Narrative Update • Aug 21

LLC: Lower Discount Rate And Margin Improvement Will Support Future Upside

Analysts have lowered their price target for Lendlease Group to A$3.59 from A$3.97, reflecting updated assumptions that include a lower discount rate, moderated revenue growth, a higher profit margin and a reduced future P/E multiple. What’s in the News for Lendlease Group There are no recent company specific news items for Lendlease Group provided in the current sources.
GMG
AU$28.22
Goodman Group
7D
-3.4%
1Y
-17.1%
BWP
AU$3.70
BWP Trust
7D
-2.6%
1Y
3.6%
HDN
AU$1.12
HomeCo Daily Needs REIT
7D
-2.6%
1Y
-17.0%
COF
AU$0.89
Centuria Office REIT
7D
5.3%
1Y
-28.2%
Narrative Update • Aug 06

nan

Analysts have reduced their price target for Centuria Office REIT from A$1.60 to A$1.36, reflecting updated assumptions for higher discount rates, weaker revenue growth, lower profit margins and a higher future P/E multiple. What’s in the News for Centuria Office REIT No recent primary news stories for Centuria Office REIT were identified based on the provided sources as at 6 August 2026.
CWP
AU$7.79
Cedar Woods Properties
7D
9.0%
1Y
2.9%
Narrative Update • Jun 15

CWP: Presold Revenue And NPAT Guidance Will Support Future Dividends

Analysts have kept their A$9.67 price target for Cedar Woods Properties unchanged, reflecting stable views on fair value supported by consistent assumptions for revenue growth, profit margins and future P/E, along with a slightly adjusted discount rate. What's in the News No recent company specific news for Cedar Woods Properties has been identified from the provided sources.