Perth Retail Figures Q2 2026

Key Points:

• Monthly household expenditure in Western Australia remains robust, rising 7.6% y-o-y (seasonally adjusted) in May 2026.
• Retail development supply of c.22,000 was recorded during H1 2026 and over 53,000 sqm is expected for CY2026, led by large format retail and neighbourhood centre supply.
• Super prime CBD net face rents remained stable q-o-q while a decrease in average incentives to 17.5% has led to super prime CBD net effective rent growth of 3.1% y-o-y.
• LFR retail rent growth continues be robust with net face rents increasing by 1.2% q-o-q and 6.3% y-o-y to an average of $263/sqm.
• Regional centre net face rents increased by 0.7% q-o-q and 3.0% y-o-y to reach an average of $1,425/sqm.
• Neighbourhood centre yields softened by 13 bps q-o-q to 6.1% while yields across all other retail asset classes remained unchanged during Q2 2026.
• Retail investment volumes were subdued totalling c.$326 million across WA for H1 2026 (for transactions ≥ $5 million).