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

Australian (ASX) Real Estate Sector Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies59
  • 7D-4.4%
  • 3M-7.1%
  • 1Y-1.9%
  • YTD-7.4%

Over the last 7 days, the Real Estate industry has dropped 4.4%, driven by Goodman Group declining 8.5%. On the other hand Aspen Group is actually up 11%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 9.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026AU$187.9bAU$32.1bAU$10.6b12.3x17.8x5.9x
Sat, 24 Jan 2026AU$199.9bAU$32.9bAU$7.8b15.6x25.7x6.1x
Mon, 22 Dec 2025AU$200.8bAU$32.9bAU$7.8b16.2x25.8x6.1x
Wed, 19 Nov 2025AU$197.6bAU$32.9bAU$7.8b16.1x25.4x6x
Fri, 17 Oct 2025AU$213.2bAU$32.9bAU$7.8b16.7x27.4x6.5x
Sun, 14 Sep 2025AU$214.2bAU$32.9bAU$7.8b17.2x27.5x6.5x
Tue, 12 Aug 2025AU$208.5bAU$32.6bAU$1.3b17.3x155.5x6.4x
Thu, 10 Jul 2025AU$196.9bAU$32.2bAU$936.9m16.6x210.1x6.1x
Sat, 07 Jun 2025AU$198.1bAU$32.1bAU$928.7m18.4x213.4x6.2x
Mon, 05 May 2025AU$190.7bAU$32.2bAU$929.0m15.1x205.2x5.9x
Wed, 02 Apr 2025AU$179.5bAU$32.2bAU$928.1m15.6x193.4x5.6x
Fri, 28 Feb 2025AU$188.6bAU$32.0bAU$743.8m17.6x253.6x5.9x
Sun, 26 Jan 2025AU$194.5bAU$29.6b-AU$4,022,879,380.0020.7x-48.4x6.6x
Tue, 24 Dec 2024AU$190.2bAU$29.6b-AU$4,022,879,380.0020.6x-47.3x6.4x
Thu, 21 Nov 2024AU$192.1bAU$29.6b-AU$4,023,914,967.0020.5x-47.7x6.5x
Sat, 19 Oct 2024AU$196.2bAU$29.6b-AU$4,032,224,011.0021.9x-48.7x6.6x
Mon, 16 Sep 2024AU$197.9bAU$29.7b-AU$3,965,515,011.0020.7x-49.9x6.7x
Wed, 14 Aug 2024AU$183.5bAU$29.7b-AU$3,111,742,685.0037.1x-59x6.2x
Fri, 12 Jul 2024AU$180.8bAU$28.8b-AU$3,120,177,685.0030.3x-58x6.3x
Sun, 09 Jun 2024AU$183.7bAU$28.9b-AU$3,108,292,685.0028.5x-59.1x6.4x
Tue, 07 May 2024AU$179.3bAU$28.9b-AU$3,139,425,437.0028x-57.1x6.2x
Thu, 04 Apr 2024AU$181.7bAU$28.9b-AU$3,139,449,437.0028.8x-57.9x6.3x
Sat, 02 Mar 2024AU$174.7bAU$29.4b-AU$3,135,101,142.0027.5x-55.7x5.9x
Mon, 29 Jan 2024AU$160.9bAU$31.8bAU$634.0m27.2x253.7x5.1x
Wed, 27 Dec 2023AU$164.3bAU$31.8bAU$656.3m27.8x250.4x5.2x
Fri, 24 Nov 2023AU$149.6bAU$31.8bAU$657.9m25.1x227.4x4.7x
Sun, 22 Oct 2023AU$143.7bAU$31.8bAU$658.2m23.5x218.4x4.5x
Tue, 19 Sep 2023AU$154.5bAU$30.8bAU$658.1m26.7x234.8x5x
Thu, 17 Aug 2023AU$152.0bAU$32.9bAU$5.7b17x26.8x4.6x
Sat, 15 Jul 2023AU$157.0bAU$33.7bAU$10.5b12.9x15x4.7x
Mon, 12 Jun 2023AU$151.6bAU$33.7bAU$10.5b13.4x14.5x4.5x
Wed, 10 May 2023AU$157.7bAU$33.7bAU$10.5b13.2x15.1x4.7x
Fri, 07 Apr 2023AU$150.6bAU$33.7bAU$10.5b11.5x14.4x4.5x
Sun, 05 Mar 2023AU$155.7bAU$33.7bAU$10.5b12.1x14.9x4.6x
Price to Earnings Ratio

14.9x


Total Market Cap: AU$155.7bTotal Earnings: AU$10.5bTotal Revenue: AU$33.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average 169.5x202420252026
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 17.8x which is lower than its 3-year average PE of 169x.
  • The industry is trading close to its 3-year average PS ratio of 5.7x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Real Estate industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

AU Market1.42%
Real Estate-4.41%
Hotel and Resort REITs0%0
Real Estate-0.97%
Health Care REITs-1.41%
Specialized REITs-1.46%
Retail REITs-2.11%
Office REITs-2.49%
Residential REITs-2.91%
REITS-3.49%
Industrial REITs-8.12%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio of 124x.
    • Analysts are expecting annual earnings growth of 39.5%, which is higher than its past year's earnings growth of 32.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Health Care REITs industry, expecting annual earnings growth of 97% over the next 5 years.
  • In contrast, the Retail REITs industry is expected to see its earnings decline by 6.8% 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
APZ Aspen GroupAU$6.0011.1%
+AU$136.6m		119.0%PB2.4x
PPC PeetAU$2.1611.9%
+AU$107.7m		47.4%PE12x
GLF GemLife Communities GroupAU$5.305.6%
+AU$106.5m		n/aPE33.1x
CWP Cedar Woods PropertiesAU$8.606.7%
+AU$45.9m		57.5%PE10.1x
GDI GDI Property GroupAU$0.635.9%
+AU$18.9m		-2.3%PB12.7x

Latest News

CWP
AU$8.60
Cedar Woods Properties
7D
6.7%
1Y
57.5%
LLC
AU$4.16
Lendlease Group
7D
-8.2%
1Y
-32.6%
CHC
AU$21.47
Charter Hall Group
7D
-8.9%
1Y
24.1%
EGH
AU$0.52
Eureka Group Holdings
7D
8.4%
1Y
-11.2%
SCG
AU$3.76
Scentre Group
7D
-1.8%
1Y
6.8%

SCG: Dividend Outlook Will Support Fair Value Despite Higher Discount Rate

Analysts have trimmed their price target for Scentre Group by A$0.02 to A$4.33, citing slightly higher discount rate assumptions, a modestly lower profit margin outlook and a marginally adjusted future P/E multiple. What's in the News Scentre Group announced an estimated fully paid ordinary dividend of A$0.08905 per share for the six months ended December 31, 2025, with an ex date of February 12, 2026, a record date of February 13, 2026, and a payment date of February 27, 2026 (Key Developments).
GPT
AU$4.97
GPT Group
7D
-2.2%
1Y
5.7%

GPT: Higher Quality Earnings And Modest Repricing Will Drive Future Upside

Analysts have trimmed their fair value estimate for GPT Group from A$5.93 to A$5.77. This reflects updated assumptions for a slightly higher discount rate, adjusted revenue growth expectations, a marginally stronger profit margin and a modestly lower future P/E multiple.
GDI
AU$0.63
GDI Property Group
7D
5.9%
1Y
-2.3%
VCX
AU$2.45
Vicinity Centres
7D
-3.9%
1Y
12.4%
APZ
AU$6.00
Aspen Group
7D
11.1%
1Y
119.0%
RFF
AU$2.10
Rural Funds Group
7D
1.9%
1Y
17.3%
PPC
AU$2.16
Peet
7D
11.9%
1Y
47.4%
GMG
AU$28.42
Goodman Group
7D
-8.5%
1Y
-11.6%
DXS
AU$6.62
DEXUS
7D
-1.8%
1Y
-11.9%
WOT
AU$0.61
WOTSO
7D
19.6%
1Y
-11.6%
SGP
AU$5.03
Stockland
7D
-2.9%
1Y
-1.0%

SGP: Upcoming Distribution And Firmer Margins Will Support Future Upside

Analysts have trimmed their Stockland price target from A$6.36 to A$6.12. The updated assumptions reflect a higher discount rate, more moderate revenue growth, a slightly lower future P/E and somewhat firmer profit margins.
GLF
AU$5.30
GemLife Communities Group
7D
5.6%
1Y
n/a