In this article, we will take a look at the 5 biggest real estate and property companies in Australia in 2024. If you wish to see our detailed analysis, you can go to 20 Biggest Real Estate and Property Companies in Australia, 2024.
5. Mirvac Group (ASX:MGR)
Market Capitalization: $5.4 Billion
Mirvac Group (ASX:MGR) is an integrated Australian property group that has a property investment portfolio and development business. The company is a leading creator of urban spaces in Australia such as residential communities, landmark offices, and mixed-use precincts. As of May 10, Mirvac Group (ASX:MGR) is valued at $5.4 billion and ranks among the 20 biggest real estate and property companies in Australia.
4. Vicinity Centres (ASX:VCX)
Market Capitalization: $5.7 Billion
Vicinity Centres (ASX:VCX) is another major real estate business in Australia and is currently worth $5.7 billion. The company owns and manages retail destinations across Australia. Apart from Australian retail assets which are the core of the business, the firm’s portfolio includes office space developments and living spaces including apartments and hotels.
3. Stockland (ASX:SGP)
Market Capitalization: $7.2 Billion
Stockland (ASX:SGP) serves as one of the largest diversified Australian property groups. The company delivers master-planned communities and medium-density housing in growth areas across Australia. Other than residential communities, the firm’s other key sectors include land lease communities, retail town centers, logistics assets, and workplaces. Stockland (ASX:SGP) has a market valuation of $7.2 billion, as of May 10.
2. Scentre Group (ASX:SCG)
Market Capitalization: $10.9 Billion
Scentre Group (ASX:SCG) ranks second among the largest real estate and property companies in Australia in 2024. The company claims to own and operate a portfolio of 42 Westfield destinations out of which 37 are situated in Australia. Scentre Group (ASX:SCG) has 3,600 retail partners representing 12,000 outlets across its portfolio. The firm is currently worth $10.9 billion on the open market.
1. Goodman Group (ASX:GMG)
Market Capitalization: $42.2 Billion
Goodman Group (ASX:GMG) operates as the largest property group listed on the Australian Securities Exchange. The company engages in developing logistics and distribution centers, warehouses, business parks, and data centers. It has a presence in 14 countries across Asia Pacific, Europe, and the Americas. As of May 10, Goodman Group (ASX:GMG) has a market valuation of $42.2 billion.
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