Constituent Stock Prices: IJP.AU tracks the S&P/ASX 200 A-REIT Index. Changes in the prices of the underlying REITs directly impact the ETF's value.

Investor Sentiment: Overall market optimism or pessimism towards Australian REITs affects demand, influencing IJP.AU's price.

Interest Rate Changes: Rising interest rates can negatively affect REITs, decreasing their attractiveness and potentially lowering the ETF price.

Dividend Yields: The attractiveness of IJP.AU's dividend yield relative to other investments influences demand and, consequently, price.

Economic Conditions: Broad economic indicators, like GDP growth and employment rates, influence the property market and REIT performance.

Index Rebalancing: Periodic adjustments to the S&P/ASX 200 A-REIT Index can cause shifts in IJP.AU's holdings and affect its price.

Exchange Rates: Currency fluctuations can impact the returns of REITs with international property holdings.

Supply and Demand: Like any security, basic supply and demand dynamics play a role in determining IJP.AU's market price.

Fund Flows: Large inflows or outflows of capital into or out of the ETF can cause price fluctuations.

Property Market Conditions: Vacancy rates, rental growth, and property values affect REIT earnings and thus influence IJP.AU's value.