Research

Australian Retail Market Overview Q4 2023

National market statistics

February 06, 2024

Contributors:

Andrew Ballantyne
Andrew Quillfeldt

Against the backdrop of volatile debt costs and uncertainty clouding the investment market in 2023, retail investment volumes held up strongly. Annual retail investment volumes totalled AUD 6.2 billion, equivalent to 36% of total investment volumes, surpassing industrial (35%) and office (20%) volumes for the first time since 2004. Consumer spending over 2023 was similarly resilient despite the sharp increase in cost-of-living pressures.

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