RESIDENTIAL PROPERTY
ALTHOUGH 2023 was a year to forget for retailers, Australia’s retail recession is finally over and the combined stage 3 tax cuts and forecast lower interest rates are...
According to Deloitte Access Economics’ Retail Forecasts, cost of living pressures saw consumers tighten their purse strings in 2023 resulting in four consecutive...
It comes as households which had amassed over $250 billion in savings during the pandemic exhausted their savings as cost-of-living spiralled out of control...
Although the last quarter of 2023 showed a small improvement. Real retail turnover grew 0.3% over the quarter, the first positive quarter in a year. However, in per capita terms...
“Retailers have really struggled over the past year. 2023 was the worst year for retail sales growth in a generation, and retailers had to offer significant discounts to...
“This year, 2024, is expected to be a tale of two economies, with the first half seeing a continuation of 2023, where consumers remain cautious and spending subdued. ..
“The second half of 2024, however, is expected to be a turning point for the Australian economy. Real wage growth and disinflation are expected to continue...
Retail prices are expected to moderate in 2024, growing by 1.5%. This will be driven mainly by food retailers, who are still subject to manufacturing and agricultural supply chain...
Furthermore population growth is expected to prop up growth in sales volumes in the first half of 2024, while increases in per capita spending are expected in...
CBRE’s latest Australian Shopping Centres research report, shopping centre investment activity is anticipated to grow by circa 50% between 2023 and 2025, climbing from...
E-commerce on the other hand is expected to see continued growth in the next few years, forecast between 13% to 15% from 2024 to 2027...
In response to ongoing e-commerce penetration, shopping centres have successfully become more defensive assets, with 94% of centres now having at least two daily needs...
“Retail categories that relate to looking good, feeling good and travelling well have taken an extra 20% share of wallet over the past two decade,” added Chopra...
“Our data also shows that occupancy cost ratios (OCRs) have declined over the past five years. For categories such as women’s fashion, café/restaurant and mini-majors...