Livewire News

Although retail property has been strongly sought after in 2013, it appears shopping centre incomes and yields are coming under increasing pressure. The Retail Property Market report (BIS Shrapnel) suggests that retail property is facing its biggest challenge since the GFC. Retailer turnover is expected to stay soft while shopping centre incomes are forecast to grow at an average pace of just 2% p.a. Online share of retailing is expected to increase to 11% in 5 years (currently 6%). Although the falling AUD may draw back online/overseas expenditure, this is offset by the negative impact on retailer profit margins. (VIEW LINK)


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