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Australian (ASX) Real Estate Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies18
  • 7D2.1%
  • 3M-14.6%
  • 1Y-22.1%
  • YTD-21.1%

The Real Estate industry is up 2.1% in the last week, with Lendlease Group up 17%. In the same time, GemLife Communities Group was down 5.8%. In the past year, the industry is down 22%. Looking forward, earnings are forecast to grow by 43% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026AU$10.0bAU$9.1bAU$80.7m12.2x123.3x1.1x
Sun, 10 May 2026AU$10.7bAU$9.1bAU$82.0m12.8x130.8x1.2x
Tue, 07 Apr 2026AU$10.6bAU$9.1bAU$83.2m12x128x1.2x
Thu, 05 Mar 2026AU$12.3bAU$9.1bAU$83.2m12.1x147.7x1.4x
Sat, 31 Jan 2026AU$12.7bAU$10.7bAU$319.3m14.7x39.8x1.2x
Mon, 29 Dec 2025AU$12.9bAU$10.7bAU$319.3m15.4x40.4x1.2x
Wed, 26 Nov 2025AU$13.1bAU$10.7bAU$319.3m15.4x40.9x1.2x
Fri, 24 Oct 2025AU$13.3bAU$10.7bAU$316.6m15x42.2x1.3x
Sun, 21 Sep 2025AU$13.2bAU$10.7bAU$316.8m14x41.7x1.2x
Tue, 19 Aug 2025AU$13.1bAU$12.1b-AU$951,504,101.1412.5x-13.7x1.1x
Thu, 17 Jul 2025AU$11.5bAU$11.6b-AU$1,021,120,238.8611.7x-11.2x1x
Sat, 14 Jun 2025AU$10.4bAU$11.6b-AU$1,029,601,601.2716.1x-10.1x0.9x
Mon, 12 May 2025AU$10.1bAU$11.6b-AU$1,029,208,738.0012.5x-9.8x0.9x
Wed, 09 Apr 2025AU$9.7bAU$11.6b-AU$1,030,105,474.0012.5x-9.5x0.8x
Fri, 07 Mar 2025AU$10.4bAU$11.6b-AU$1,030,105,474.0012.7x-10.1x0.9x
Sun, 02 Feb 2025AU$11.2bAU$11.5b-AU$1,234,611,026.0013.8x-9.1x1x
Tue, 31 Dec 2024AU$10.9bAU$11.5b-AU$1,234,611,026.0012.8x-8.8x0.9x
Thu, 28 Nov 2024AU$11.5bAU$11.6b-AU$1,234,493,687.0013x-9.3x1x
Sat, 26 Oct 2024AU$11.2bAU$11.5b-AU$1,243,955,657.0013.7x-9x1x
Mon, 23 Sep 2024AU$11.5bAU$11.5b-AU$1,244,743,657.0012.9x-9.3x1x
Wed, 21 Aug 2024AU$10.6bAU$11.2b-AU$1,288,584,331.0013.4x-8.2x0.9x
Fri, 19 Jul 2024AU$10.9bAU$12.0bAU$12.8m12.8x854.3x0.9x
Sun, 16 Jun 2024AU$10.8bAU$12.1bAU$24.7m12.4x437.5x0.9x
Tue, 14 May 2024AU$11.4bAU$12.1bAU$24.1m12.6x472.8x0.9x
Thu, 11 Apr 2024AU$11.4bAU$12.1bAU$24.1m13x471.2x0.9x
Sat, 09 Mar 2024AU$11.3bAU$12.1bAU$24.1m12.6x469.2x0.9x
Mon, 05 Feb 2024AU$11.7bAU$12.6bAU$56.1m11x209.2x0.9x
Wed, 03 Jan 2024AU$11.8bAU$12.6bAU$54.9m13x214.8x0.9x
Fri, 01 Dec 2023AU$11.8bAU$12.7bAU$77.0m16.7x153x0.9x
Sun, 29 Oct 2023AU$11.2bAU$12.7bAU$78.8m15.5x142.1x0.9x
Tue, 26 Sep 2023AU$12.3bAU$12.7bAU$78.8m16.9x156.1x1x
Thu, 24 Aug 2023AU$12.9bAU$12.7bAU$121.2m17.4x106.5x1x
Sat, 22 Jul 2023AU$13.2bAU$12.3bAU$401.3m16.8x33x1.1x
Mon, 19 Jun 2023AU$12.5bAU$12.3bAU$401.3m15.3x31.2x1x
Price to Earnings Ratio

31.2x


Total Market Cap: AU$12.5bTotal Earnings: AU$401.3mTotal Revenue: AU$12.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Industry Price to Earnings3Y Average 14.8x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Real Estate industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 123x which is higher than its 3-year average PE of 14.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 41% per year over the last three years,
  • Revenues have also declined 9.7% 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 industry?

AU Market-0.90%
Real Estate3.27%
Real Estate2.12%
Diversified Real Estate10.35%
Real Estate Operating Companies-0.47%
Real Estate Services-0.81%
Real Estate Development-1.69%
Industry PE
  • Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 36.6x.
    • Analysts are expecting annual earnings growth of 70.9%, which is lower than the prior year's growth of 126.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Real Estate industry, expecting annual earnings growth of 71% over the next 5 years.
  • However this is lower than its past earnings growth rate of 126% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 8.5% 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
LLC Lendlease GroupAU$2.8716.7%
+AU$279.6m		-48.7%PS0.3x
CWP Cedar Woods PropertiesAU$7.056.2%
+AU$34.9m		5.1%PE8.3x
PPC PeetAU$1.671.5%
+AU$11.7m		4.7%PE9.3x
LIC Lifestyle CommunitiesAU$5.030.6%
+AU$3.6m		-26.8%PS4.4x
EGH Eureka Group HoldingsAU$0.590.8%
+AU$2.1m		4.4%PE13.5x

Latest News

LLC
AU$2.87
Lendlease Group
7D
16.7%
1Y
-48.7%
Narrative Update • Jun 09

LLC: Capital Recycling And Balance Sheet Reset Will Support Future Upside

Analysts have reduced their price target for Lendlease Group from A$5.04 to A$4.58, citing updated assumptions around fair value, profit margins and future P/E as the main factors behind the revision. What's in the News Lendlease has agreed to sell its development rights to the Milano Santa Giulia mixed use project in Milan for about A$250 million to an investment group backed by local developer Bizzi & Partners.
AXI
AU$0.013
Axtec
7D
-13.3%
1Y
-62.9%
SRV
AU$6.54
Servcorp
7D
-2.4%
1Y
16.8%
Narrative Update • Jun 02

SRV: FY26 Dividend Commitment And Stable Outlook Will Support Returns

Analysts have maintained their A$10.69 price target for Servcorp, with only minor adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E. These revisions still support an unchanged view of the company’s fair value.
LIC
AU$5.03
Lifestyle Communities
7D
0.6%
1Y
-26.8%
Narrative Update • Jun 01

LIC: Higher Margin And Growth Assumptions Will Support Stronger Forward Upside Potential

Analysts have adjusted their price targets for Lifestyle Communities to reflect updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples. These model tweaks have fed into a revised A$ fair value assessment for the stock.
PXA
AU$10.60
PEXA Group
7D
-1.5%
1Y
-14.9%
Narrative Update • Jun 01

PXA: New Finance Leadership And Margin Resilience Will Support Future Upside

Analysts have reduced their price target for PEXA Group from A$16.53 to A$15.84, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E. What's in the News PEXA Group announced the appointment of Graham Curtin as Group Chief Financial Officer, with the role effective from 1 September 2026.
CWP
AU$7.05
Cedar Woods Properties
7D
6.2%
1Y
5.1%
Narrative Update • Jun 01

CWP: Presold Revenue And NPAT Guidance Will Support Future Dividends

Analysts have kept their fair value estimate for Cedar Woods Properties steady at A$9.67 per share, with only marginal tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E. These adjustments are guiding this unchanged price target.
UOS
AU$0.69
United Overseas Australia
7D
-5.4%
1Y
12.1%
FRI
AU$0.69
Finbar Group
7D
-0.7%
1Y
-4.2%
GLF
AU$4.52
GemLife Communities Group
7D
-5.8%
1Y
n/a
AU1
AU$0.026
Agency Group Australia
7D
-16.1%
1Y
62.5%
G1C
AU$0.057
Group One Capital
7D
-12.3%
1Y
9.6%
EGH
AU$0.59
Eureka Group Holdings
7D
0.8%
1Y
4.4%
PPC
AU$1.67
Peet
7D
1.5%
1Y
4.7%