Research

Australian Retail Market Overview Q1 2024

National market statistics

May 08, 2024
Contributors:
  • Andrew Ballantyne
  • Andrew Quillfeldt

Retail transaction volumes in Q1 2024 were subdued at AUD 566.1 million across 18 assets, primarily from the limited carry-over from Q4 2023, where over AUD 2.8 billion transacted.

While shopping centres may not be immune to a cyclical slowdown in discretionary retail sales, the sector has recalibrated on rents and values. The sector performance will also be supported by a combination of low supply and strong population growth forecasts, which exceed most mature economies in the medium to long term.

Fill out this form to download report

There was an error submitting the form. Please try again. 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally, the personal information we collect from you are for the purposes of downloading materials you have requested.

We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

You may also like

Global | Investor | January 21, 2025

Global Real Estate Outlook 2025: Summary

Our research experts’ perspectives on the impact of economic and geopolitical trends on the global real estate outlook and regional and country prospects.

Global | January 21, 2025

Global Capital Outlook

A global outlook for real estate capital markets

Asia Pacific | Investor | January 20, 2025

Asia Pacific Capital Tracker Q4 2024: Radical Optimism

Asia Pacific real estate investment surges 23% in Q4 2024, marking the fifth consecutive quarter of annualised growth.