Australian Retail Market Overview Q2 2023

National market statistics

August 03, 2023
  • Andrew Ballantyne
  • Andrew Quillfeldt

Shopping centre fundamentals remain moderately strong on the back of resilient consumer demand over the past two years. However, there are early indications of a slow-down in discretionary spending as a result of heightened cost-of-living pressures. We expect retail turnover to continue to materially decline over the second half of 2023 given a large tranche of fixed rate mortgages expire within this time.

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