Adelaide Retail Figures Q2 2026

Key Points:

• Monthly household spending in South Australia rose by 6.8% y-o-y in May 2026, outperforming the national growth rate of 5.5%.
• Q2 2026 saw c.8,000 sqm of new retail supply added to the market following the completion of The Palms Shopping Village, a non-metro neighbourhood shopping centre. SA’s 2026 retail development pipeline is forecast to total c.44,400 sqm, with the majority of supply concentrated in neighbourhood and large format retail developments.
• Regional shopping centres were the only retail asset class to achieve rental growth in Q2 2026, with average net face rents rising by 1.5% over the quarter and 2.3% on an annual basis. 
• Across Adelaide, a single major transaction drove retail investment activity in Q2 2026, with total sales volume reaching $670 million (for transactions ≥ $5 million).  
• In Q2 2026, regional centre yields recorded the strongest movement, compressing 20 bp y-o-y to 6.88%, while prime strip yields firmed by 5 bp to 5.10%. All other retail asset classes saw yields remain stable over the quarter.