Australian Retail Market Overview 4Q21
4Q21 statistics on the national Australia Retail markets.
Transaction volumes totalled AUD 7.3 billion in 4Q21 bringing the total for 2021 to AUD 13.3 billion, a record high for Australia by a significant margin.
The resurgence in transaction activity throughout 2021, following a risk averse market in 2020, displayed strong investor demand for a range of asset types across discretionary and non-discretionary. Noticeably, renewed investor interest for large retail assets drove transactions for the latter part of 2021 – a trend anticipated to continue over the next 12 months.
The emergence of the ‘omicron variant’ wave mid-December 2021 anecdotally has caused a greater-than-usual slow down in retail sales over January. We anticipate the disruptions caused by the rapid rise in COVID-19 case numbers to translate in the upcoming retail turnover figures for January before gradually recovering in the near term.
