There has been a long history of Australian Real Estate Investment Trusts (REITs) market, which has become the second largest RElTs one in the world, just following the American REITs market. Australian REITs market has been attracting worldwide attentions by : its mature and complete development. furthermore, with several unique features as well. This article has comprehensively studied the history and recent development of Australian RElTs market, and the trading rules and relative regulations. In addition. the introduction of the derivative market of Australian REITs is also included, and finally conclusions about the excellent experiences from Australian REITs market are stated for recommendations and references for the further development of the Chinese REITs market.