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Australian (ASX) Real Estate Sector Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies59
  • 7D-1.1%
  • 3M-3.7%
  • 1Y1.8%
  • YTD-1.1%

Over the last 7 days, the Real Estate industry has dropped 1.1%, driven by a pullback from Goodman Group of 2.0%. As for the longer term, the industry's performance has been flat for the past year. 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
Sun, 11 Jan 2026AU$200.6bAU$32.9bAU$7.8b15.9x25.8x6.1x
Tue, 09 Dec 2025AU$199.5bAU$32.9bAU$7.8b15.8x25.7x6.1x
Thu, 06 Nov 2025AU$203.2bAU$32.9bAU$7.8b16.7x26.1x6.2x
Sat, 04 Oct 2025AU$211.2bAU$32.9bAU$7.8b16.8x27.2x6.4x
Mon, 01 Sep 2025AU$212.8bAU$32.9bAU$7.8b16.8x27.4x6.5x
Wed, 30 Jul 2025AU$201.2bAU$32.2bAU$937.7m17.1x214.6x6.2x
Fri, 27 Jun 2025AU$198.9bAU$32.1bAU$928.1m17.7x214.4x6.2x
Sun, 25 May 2025AU$194.3bAU$32.2bAU$928.4m17x209.3x6x
Tue, 22 Apr 2025AU$177.7bAU$32.2bAU$929.0m15.2x191.3x5.5x
Thu, 20 Mar 2025AU$179.6bAU$32.2bAU$928.1m15.3x193.6x5.6x
Sat, 15 Feb 2025AU$194.2bAU$29.8b-AU$2,743,100,380.0019.2x-70.8x6.5x
Mon, 13 Jan 2025AU$190.4bAU$29.6b-AU$4,022,879,380.0020.5x-47.3x6.4x
Wed, 11 Dec 2024AU$189.2bAU$29.6b-AU$4,022,879,380.0020.6x-47x6.4x
Fri, 08 Nov 2024AU$186.2bAU$29.6b-AU$4,023,914,967.0019.8x-46.3x6.3x
Sun, 06 Oct 2024AU$198.0bAU$29.6b-AU$4,032,224,011.0021.6x-49.1x6.7x
Tue, 03 Sep 2024AU$189.2bAU$29.7b-AU$3,965,515,011.0019.3x-47.7x6.4x
Thu, 01 Aug 2024AU$187.6bAU$29.0b-AU$3,040,099,685.0032.6x-61.7x6.5x
Sat, 29 Jun 2024AU$176.3bAU$28.8b-AU$3,120,177,685.0029.5x-56.5x6.1x
Mon, 27 May 2024AU$177.4bAU$28.7b-AU$3,115,492,685.0027.2x-57x6.2x
Wed, 24 Apr 2024AU$174.7bAU$28.9b-AU$3,139,449,437.0028x-55.7x6x
Fri, 22 Mar 2024AU$181.4bAU$29.4b-AU$3,139,449,437.0029.4x-57.8x6.2x
Sun, 18 Feb 2024AU$174.6bAU$30.1b-AU$2,520,791,372.0029.3x-69.3x5.8x
Tue, 16 Jan 2024AU$163.0bAU$31.7bAU$633.9m26.7x257.2x5.1x
Thu, 14 Dec 2023AU$159.8bAU$31.8bAU$656.1m26.5x243.6x5x
Sat, 11 Nov 2023AU$147.6bAU$31.8bAU$658.2m24.6x224.2x4.6x
Mon, 09 Oct 2023AU$145.5bAU$31.8bAU$658.1m24.6x221x4.6x
Wed, 06 Sep 2023AU$159.1bAU$30.8bAU$658.1m25.6x241.7x5.2x
Fri, 04 Aug 2023AU$155.7bAU$33.7bAU$10.2b14.2x15.3x4.6x
Sun, 02 Jul 2023AU$152.4bAU$33.7bAU$10.5b13x14.6x4.5x
Tue, 30 May 2023AU$158.0bAU$33.7bAU$10.5b12.7x15.1x4.7x
Thu, 27 Apr 2023AU$156.2bAU$33.7bAU$10.5b12.9x14.9x4.6x
Sat, 25 Mar 2023AU$52.6bAU$20.9bAU$3.8b11.6x13.8x2.5x
Mon, 20 Feb 2023AU$161.5bAU$33.9bAU$13.4b10.1x12.1x4.8x
Wed, 18 Jan 2023AU$159.8bAU$35.2bAU$19.0b8x8.4x4.5x
Price to Earnings Ratio

8.4x


Total Market Cap: AU$159.8bTotal Earnings: AU$19.0bTotal Revenue: AU$35.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Sector Price to Earnings3Y Average 168.9x202420252026
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 25.8x 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
  • 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 Market0.16%
Real Estate-1.10%
Health Care REITs1.39%
Real Estate0.36%
Hotel and Resort REITs0%0
Specialized REITs-0.18%
Residential REITs-0.28%
Retail REITs-0.45%
Office REITs-0.83%
REITS-1.32%
Industrial REITs-1.90%
Industry PE
  • Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio of 1kx.
    • Analysts are expecting annual earnings growth of 23.8%, 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 86% 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
VCX Vicinity CentresAU$2.621.6%
+AU$184.0m		23.0%PB1.1x
UOS United Overseas AustraliaAU$0.726.6%
+AU$76.7m		35.5%PE12.1x
LIC Lifestyle CommunitiesAU$5.6810.1%
+AU$63.1m		-34.2%PS4.7x
APZ Aspen GroupAU$5.744.7%
+AU$59.2m		136.2%PB2.4x
GOZ Growthpoint Properties AustraliaAU$2.482.5%
+AU$45.3m		4.2%PB0.8x

Latest News

GMG
AU$30.20
Goodman Group
7D
-2.0%
1Y
-19.3%

GMG: Higher Revenue Assumptions Will Support Stronger Future Operating Performance

Analysts have slightly reduced their price target for Goodman Group to A$37.13 from A$37.26, reflecting small adjustments to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Valuation Changes Fair Value: Price target updated from A$37.26 to A$37.13, representing a small downward adjustment in the modelled estimate.
G1C
AU$0.13
Group One Capital
7D
71.1%
1Y
n/a
UOS
AU$0.72
United Overseas Australia
7D
6.6%
1Y
35.5%
CHC
AU$24.20
Charter Hall Group
7D
-1.0%
1Y
68.1%

CHC: Steady Valuation Will Rely On Higher Earnings Guidance And Dividend Outlook

Analysts have kept their price target for Charter Hall Group steady at A$24.03, reflecting unchanged assumptions on the discount rate, revenue growth, profit margin and future P/E. What's in the News Charter Hall Group announced a dividend of A$0.2483 per security for the six months ended December 31, 2025, with record date on December 31, 2025, ex date on December 30, 2025, and payment date on February 27, 2026 (Key Developments).
GOZ
AU$2.48
Growthpoint Properties Australia
7D
2.5%
1Y
4.2%
LIC
AU$5.68
Lifestyle Communities
7D
10.1%
1Y
-34.2%

LIC: Future Earnings Multiple Will Slightly Offset Expected Margin Improvements

Analysts have raised their price target on Lifestyle Communities by approximately $0.10 per share, citing slightly stronger expected revenue growth and modestly higher long term profit margins that more than offset a marginally lower future price to earnings multiple. Valuation Changes Fair Value: Unchanged at A$5.60 per share, indicating no revision to the modelled intrinsic valuation.
CMW
AU$0.46
Cromwell Property Group
7D
-4.2%
1Y
11.0%
CNI
AU$1.98
Centuria Capital Group
7D
-2.7%
1Y
11.6%
CIP
AU$3.33
Centuria Industrial REIT
7D
0.9%
1Y
16.8%
RFF
AU$2.02
Rural Funds Group
7D
2.0%
1Y
17.8%
DGT
AU$2.69
DigiCo Infrastructure REIT
7D
-2.9%
1Y
-41.5%
SCG
AU$4.17
Scentre Group
7D
-1.4%
1Y
17.1%
SGP
AU$5.53
Stockland
7D
-3.8%
1Y
14.0%
MGR
AU$2.02
Mirvac Group
7D
-1.0%
1Y
8.0%
APZ
AU$5.74
Aspen Group
7D
4.7%
1Y
136.2%
VCX
AU$2.62
Vicinity Centres
7D
1.6%
1Y
23.0%

VCX: Divestment Of Smaller Malls Will Support Focus On Larger Destinations

Analysts have modestly raised their price target for Vicinity Centres to $2.58 per share. This change is attributed to minor adjustments to their discount rate assumptions, while other key outlook factors remain steady.