REIT & Property ETFs in Australia
📅 Data to 30 Sep 2026ETFs investing in listed property trusts (REITs) in Australia and around the world. There are 12 property ETFs listed in Australia, holding $10.5bn between them. *Funds with at least $20m AUM.
Australian or international property?
Listed Australian property trusts: shopping centres, offices, warehouses and childcare centres. Goodman Group is usually the biggest holding.
Hundreds of listed property trusts in the US, Japan, Europe and elsewhere, mostly hedged to Australian dollars.
A manager picks the property trusts, aiming to beat the index. Fees are higher.
Toll roads, airports, pipelines and utilities, sometimes mixed with property. Listed here because they sit in the same fund category.
Funds are grouped by where and how they invest, largest first. Australian property ETFs are concentrated in a few large trusts; international funds spread across many countries. Check hedging before you buy. General information only: check the PDS and TMD before investing.
| Compare | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| VAP | Vanguard Australian Property Securities Index ETF | Vanguard | 0.23 | 2.8bn | Property & infrastructure | −2.1 | −14.3 | 29.0 | 11.9 | 15/10/2010 | |
| RCAP | Resolution Cap Global Prop Sec Fund - Active ETF | Resolution Capital | 0.80 | 2.1bn | International shares | −5.1 | 7.9 | 32.4 | – | 22/02/2022 | |
| MVA | VanEck Australian Property ETF | VanEck | 0.35 | 825m | Property & infrastructure | −1.8 | −11.2 | 32.1 | 13.0 | 16/10/2013 | |
| REIT | VanEck FTSE International Property (AUD Hedged) ETF | VanEck | 0.20 | 798m | Property & infrastructure | −4.9 | 6.4 | 29.0 | −2.3 | 02/04/2019 | |
| GLPR | iShares Core FTSE Global Property Ex Australia (AUD Hedged) ETF | iShares | 0.15 | 695m | Property & infrastructure | −4.9 | 6.3 | 28.6 | – | 18/05/2023 | |
| QGFH | Quay Global Real Estate Fund (Aud) Active ETF | Quay | 0.92 | 537m | Property & infrastructure | −4.6 | – | – | – | 24/11/2025 | |
| DJRE | State Street SPDR Dow Jones Global Real Estate ESG Tilted ETF | State Street (SPDR) | 0.20 | 509m | Property & infrastructure | −2.1 | 1.3 | 21.9 | 7.3 | 04/11/2013 | |
| QGRU | Quay Global Real Estate Fund (Unhedged) Active ETF | Quay | 0.88 | 458m | Property & infrastructure | −3.9 | – | – | – | 24/11/2025 | |
| SLF | SPDR S&P/ASX 200 Listed Property ETF | State Street (SPDR) | 0.16 | 451m | Property & infrastructure | −1.7 | −14.1 | 30.7 | 12.3 | 18/02/2002 | |
| MCSI | Magellan Core Infrastructure Fund Active ETF | Magellan | 0.50 | 450m | Property & infrastructure | −3.8 | 3.5 | 38.1 | 27.4 | 15/12/2020 | |
| MICH | Magellan Infra Fund (Currency Hedged) - Active ETF | Magellan | 1.06 | 426m | Property & infrastructure | −4.9 | 5.7 | 39.8 | 29.1 | 22/07/2016 | |
| R3AL | ClearBridge Real Income Fund - Active ETF | ClearBridge | 0.85 | 408m | International shares | −4.9 | −5.6 | – | – | 28/01/2025 |
REIT ETFs explained: Australian and global property
A REIT (real estate investment trust) owns income-producing property such as shopping centres, offices, warehouses and apartments, and passes most of the rent to investors. A REIT ETF holds a basket of these trusts, so one trade gives you a spread of landlords instead of a single building.
Australian property ETFs track the A-REIT sector of the ASX, which is concentrated: a handful of large trusts, led by Goodman Group, make up much of the index. Global property ETFs spread your money across the US, Europe and Asia, and some are currency hedged. Property trusts tend to be sensitive to interest rates, so they can move a lot when rate expectations change.
The 5 largest property and REIT ETFs by funds under management are VAP ($2.8bn), RCAP ($2.1bn), MVA ($825m), REIT ($798m), GLPR ($695m). The cheapest established fund is GLPR at 0.15% a year, and the best performer over the past year was RCAP at +7.9%. Fees range from 0.15% to 1.06%, with a median of 0.42%. Data to 30 September 2026.
Popular choices include VAP (Vanguard Australian Property Securities Index ETF, $2.8bn, MER 0.23%), RCAP (Resolution Cap Global Prop Sec Fund - Active ETF, $2.1bn, MER 0.80%), MVA (VanEck Australian Property ETF, $825m, MER 0.35%). Use the table above to sort by fee, size or return, or compare the top three side by side.
REIT and property ETF FAQs
What is the best REIT ETF in Australia?
There is no single best REIT ETF: it depends on what you want it to do. By size, the largest is VAP (Vanguard Australian Property Securities Index ETF, $2.8bn). The cheapest with at least $20m in assets is GLPR at 0.15% a year. Over the past year the best performer was RCAP at +7.9%, but past returns are not a reliable guide to the future. Compare fees, size, what the fund holds and whether it is currency hedged before choosing.
How many property and REIT ETFs are there in Australia?
There are 12 property and REIT ETFs listed in Australia, holding $10.5bn between them (data to 30 September 2026).
What fees do property and REIT ETFs charge?
Management fees (MER) range from 0.15% to 1.06% a year, with a median of 0.42%. On a $10,000 investment, that median works out to about $42 a year.
Do REIT ETFs pay franked dividends?
Mostly not. A-REIT distributions are usually largely unfranked because trusts pass rent through before paying company tax, and they can include tax-deferred amounts that reduce your cost base. Check each fund's distribution statement.
REIT ETF or investment property?
A REIT ETF gives you a diversified, liquid slice of many properties for a small amount and no loan, but you don't control the assets and the price moves with the share market every day. Direct property is a single, illiquid asset you can borrow against and manage yourself.
Should I choose Australian or global property?
Australian A-REIT ETFs are concentrated in a few large local trusts. Global property ETFs spread the risk across many countries and property types. Many investors use one, or a mix of both, as a small part of a diversified portfolio.