Australia Retail Figures Q4 2025

Key Points: 

• Household spending rose 1.0% in November, following a rise of 1.4% in October and 0.4% in September. Household spending is now 6.3 per cent higher than the same time last year.
• The Westpac–Melbourne Institute Consumer Sentiment Index declined 9.0% to 94.5 in December from 103.8 in November.
• Net face rents grew across all sectors in Q4 except secondary CBD locations. Super prime CBD assets recorded the highest growth of 3.7% q-o-q.
• Shopping centre and large format yields continued to compress over Q4 with regional centres compressing by 4 bp and sub-regional and large format centres compressing by 7 bp and 4 bp q-o-q respectively.
• In Q4 2025, there were 46 retail transactions (greater than $5 million) totaling c.$5.864 billion. Transaction volumes for 2025 were close to the highest on record reflecting continued strong demand for retail assets with investors shifting mandates towards the retail sector.