Australia’s retail property sector is heading into a structural slowdown, with significant implications for both development and asset management.
Australia lags other major economies for online sales – but that is changing, and retail property will change with it.
Contrary to some of the headlines that have permeated news cycles of late, over 90 percent of retail sales still take place in physical stores.
Investor demand remains strong for core and core-plus assets, with offshore investors making a strong showing for acquisitions, accounting for 32 percent of transactions over the year.
For shopping malls with lots of bling, the future is bright.
The blurring of the line between work and play is presenting opportunities for the retail sector.
The largest single-asset retail transaction ever recorded in Australia has taken place in Brisbane with the sale of Indooroopilly Shopping Centre.