Savills Retail Market Quarter Time

Publication

Quarter Time Retail Q1/2021

Welcome to the latest Savills Retail Market Quarter Time 

This report covers Australia’s retail markets including a national market overview, sales metrics, economic drivers as well as retail market metrics across Regional, Sub-Regional, Neighbourhood and Large Format retail centres.

Key Highlights:
Transaction volumes over the 12 months to March 2021 were recorded at $5.2 billion, which was down 34% on the previous year. Large format and neighbourhood sales accounted for 54% of sales (in dollar terms) with investors seeking assets that dominate their catchment and service densely populated areas and therefore can provide security of income. As a result of ongoing demand there is evidence of yield compression over the last 12 months, with both Neighbourhood and Large Format yields along the east coast reaching lows of 5.25% (as at March 2021).

We recommend this report to you and welcome discussion on points of interest.