Australia Retail Figures Q2 2026

Key Points:

• Consumer spending rebounded strongly in May, rising 1.3% and offsetting April’s 1.1% fall, with y-o-y growth accelerating to 5.5%.
• Net face rents increased across all retail asset classes in Q2 2026, with secondary LFR and CBD super prime assets leading growth at 3.0% and 1.9% q-o-q, respectively. CBD Super Prime rents rose by 8.7% y-o-y, underpinned by robust demand for premium retail space in prime CBD precincts.
• Regional shopping centres experienced the most significant yield compression, with yields tightening by 7 bp q-o-q and 22 bp y-o-y. Sub-regional centres also recorded yield firming, compressing by 2 bp q-o-q and 18 bp annually.
• Neighbourhood centre yields softened slightly in Q2 2026, expanding by 2 bp over the quarter, although they remained 2 bp tighter than a year earlier.
• In Q2 2026, there were 45 retail transactions (≥$5 million, incl. non-metro assets) with a combined value of c.$4.05 billion. The quarter’s headline deal was the $670 million sale of a 50% freehold interest in Westfield Marion, Adelaide’s largest retail asset and only Super Regional shopping centre.