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Australian (ASX) Real Estate Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies19
  • 7D-7.2%
  • 3M-15.9%
  • 1Y-11.5%
  • YTD-16.0%

Over the last 7 days, the Real Estate industry has dropped 7.2%, driven by PEXA Group declining 23%. The industry has fallen 11% in the last year. Earnings are forecast to grow by 40% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026AU$10.6bAU$9.1bAU$83.2m12x128x1.2x
Sun, 01 Mar 2026AU$12.8bAU$9.0bAU$4.5m12.9x2826.5x1.4x
Tue, 27 Jan 2026AU$13.1bAU$10.7bAU$319.3m15.3x41.1x1.2x
Thu, 25 Dec 2025AU$12.9bAU$10.7bAU$319.3m15.4x40.4x1.2x
Sat, 22 Nov 2025AU$12.9bAU$10.7bAU$319.8m15.1x40.3x1.2x
Mon, 20 Oct 2025AU$13.1bAU$10.7bAU$316.6m14.7x41.3x1.2x
Wed, 17 Sep 2025AU$13.2bAU$10.7bAU$316.8m14x41.5x1.2x
Fri, 15 Aug 2025AU$12.6bAU$12.0b-AU$967,798,486.6814.3x-13x1x
Sun, 13 Jul 2025AU$11.6bAU$11.6b-AU$1,022,093,645.6011.8x-11.3x1x
Tue, 10 Jun 2025AU$10.5bAU$11.6b-AU$1,029,884,963.4916.1x-10.2x0.9x
Thu, 08 May 2025AU$10.0bAU$11.6b-AU$1,029,208,738.0013x-9.7x0.9x
Sat, 05 Apr 2025AU$9.9bAU$11.6b-AU$1,030,105,474.0012.5x-9.6x0.9x
Mon, 03 Mar 2025AU$10.7bAU$11.6b-AU$1,030,314,213.0015.5x-10.4x0.9x
Wed, 29 Jan 2025AU$11.1bAU$11.5b-AU$1,234,611,026.0013.6x-9x1x
Fri, 27 Dec 2024AU$10.9bAU$11.5b-AU$1,234,611,026.0012.8x-8.9x0.9x
Sun, 24 Nov 2024AU$11.1bAU$11.6b-AU$1,234,493,687.0013x-9x1x
Tue, 22 Oct 2024AU$11.6bAU$11.5b-AU$1,243,955,657.0013.8x-9.3x1x
Thu, 19 Sep 2024AU$11.3bAU$11.5b-AU$1,244,743,657.0013.1x-9.1x1x
Sat, 17 Aug 2024AU$10.8bAU$12.0b-AU$13,584,331.0013.4x-791.6x0.9x
Mon, 15 Jul 2024AU$10.9bAU$12.0bAU$12.8m12.7x852x0.9x
Wed, 12 Jun 2024AU$11.0bAU$12.1bAU$24.7m12.3x446.7x0.9x
Fri, 10 May 2024AU$11.5bAU$12.1bAU$24.1m13.1x477.1x1x
Sun, 07 Apr 2024AU$11.2bAU$12.1bAU$24.1m12.8x465.2x0.9x
Tue, 05 Mar 2024AU$10.9bAU$12.1bAU$23.7m14.3x461.3x0.9x
Thu, 01 Feb 2024AU$11.8bAU$12.6bAU$54.9m12.6x215.2x0.9x
Sat, 30 Dec 2023AU$12.5bAU$12.7bAU$77.4m18.1x161.2x1x
Mon, 27 Nov 2023AU$11.7bAU$12.7bAU$77.0m16.7x151.4x0.9x
Wed, 25 Oct 2023AU$11.3bAU$12.7bAU$78.8m15.5x144x0.9x
Fri, 22 Sep 2023AU$12.2bAU$12.7bAU$78.8m16.8x155.2x1x
Sun, 20 Aug 2023AU$13.2bAU$12.6bAU$117.0m17.4x112.7x1x
Tue, 18 Jul 2023AU$13.5bAU$12.3bAU$401.3m16.6x33.7x1.1x
Thu, 15 Jun 2023AU$12.4bAU$12.3bAU$401.3m15.3x30.9x1x
Sat, 13 May 2023AU$13.5bAU$12.3bAU$404.5m16.6x33.5x1.1x
Mon, 10 Apr 2023AU$12.7bAU$12.3bAU$406.5m16.2x31.2x1x
Price to Earnings Ratio

31.2x


Total Market Cap: AU$12.7bTotal Earnings: AU$406.5mTotal Revenue: AU$12.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Real Estate Industry Price to Earnings3Y Average 8.6x202420252026
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 128x which is higher than its 3-year average PE of 8.6x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
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 9.6% 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 Market0.42%
Real Estate-1.10%
Real Estate-7.17%
Real Estate Operating Companies-0.33%
Diversified Real Estate-1.50%
Real Estate Development-3.47%
Real Estate Services-22.47%
Industry PE
  • Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio of 8.6x.
    • Analysts are expecting annual earnings growth of 51.3%, which is lower than the prior year's growth of 126.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Services industry, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings growth rate of 25% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 8.7% 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
PPC PeetAU$1.861.6%
+AU$14.0m		30.6%PE10.3x
WOT WOTSOAU$0.666.5%
+AU$6.4m		18.9%PS2.2x
FRI Finbar GroupAU$0.801.3%
+AU$2.7m		9.7%PE13.9x
AU1 Agency Group AustraliaAU$0.0297.4%
+AU$879.2k		38.1%PS0.1x
G1C Group One CapitalAU$0.0841.2%
+AU$352.7k		740.0%PE48.6x

Latest News

PXA
AU$12.09
PEXA Group
7D
-22.7%
1Y
7.3%
LLC
AU$3.22
Lendlease Group
7D
-1.2%
1Y
-45.1%

LLC: Index Reclassification And Upcoming Distribution Will Support Future Upside

Analysts have kept their A$ price target for Lendlease Group unchanged, with the steady fair value estimate around A$5.48 supported by consistent assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News Lendlease Group was dropped from the S&P/ASX 100 Index, which may affect how some index and benchmark aware investors gain exposure to the stock (Key Developments).
CWP
AU$6.99
Cedar Woods Properties
7D
-2.9%
1Y
35.5%

CWP: Presold 2027 Revenue And Record 2026 NPAT Will Support Dividends

Analysts have kept the Cedar Woods Properties fair value estimate steady at A$9.99 per share, with only small parameter tweaks such as a slightly higher discount rate and marginally adjusted long term revenue growth, profit margin, and future P/E assumptions underpinning the unchanged price target. What's in the News Cedar Woods issued new guidance indicating it anticipates 30% to 35% growth in full year NPAT in fiscal 2026, giving investors a clearer view of its profit expectations over the next financial year (Corporate Guidance).
LIC
AU$4.70
Lifestyle Communities
7D
-3.1%
1Y
-37.3%

LIC: Fair Value Outlook Will Balance Firmer Margins And Slightly Softer Future P/E

Analysts have nudged their price target for Lifestyle Communities slightly higher to A$5.20 from A$5.10, reflecting updated assumptions around revenue growth, profit margins and the P/E multiple applied to future earnings. Valuation Changes Fair Value: Adjusted slightly higher from A$5.10 to A$5.20.
SRV
AU$6.78
Servcorp
7D
-1.2%
1Y
24.6%

SRV: Higher FY26 Earnings And Reliable Dividend Outlook Will Support Returns

Analysts have reduced their fair value estimate for Servcorp from A$11.67 to A$10.69, reflecting updated assumptions that include slightly higher discount rates, adjusted profit margins, and a lower future P/E multiple, while revenue growth expectations are now set at a different level. What's in the News Servcorp Limited updated earnings guidance for the 2026 financial year, with Underlying NPBIT now expected to be in a range of $80.0 million to $84.0 million, compared with a prior range of $72.0 million to $76.0 million (Key Developments).
GLF
AU$4.29
GemLife Communities Group
7D
-6.9%
1Y
n/a
FRI
AU$0.80
Finbar Group
7D
1.3%
1Y
9.7%
G1C
AU$0.084
Group One Capital
7D
1.2%
1Y
740.0%
UOS
AU$0.71
United Overseas Australia
7D
-2.1%
1Y
27.7%
EGH
AU$0.54
Eureka Group Holdings
7D
-0.9%
1Y
10.3%
WOT
AU$0.66
WOTSO
7D
6.5%
1Y
18.9%
AU1
AU$0.029
Agency Group Australia
7D
7.4%
1Y
38.1%
PPC
AU$1.86
Peet
7D
1.6%
1Y
30.6%
ACU
AU$0.08
Acumentis Group
7D
1.3%
1Y
6.7%