Report | Intelligent Investment

Western Australia Retail Market Overview

Western Australia Retail Market

August 31, 2023 10 Minute Read

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Key Points


  • Relative economic strength driving positive WA retail outlook.
  • Retail turnover in WA experiences stable growth despite volatile commodities.
  • 975,000 net migrants expected to enter Australia over three financial years.
  • Lack of existing developments indicating under-supplied retail market.
  • WA Retail market expected to have rental stability in short term coupled with cap rate expansion.
  • Institutional investors predominant transactors in Perth retail property market.
  • Western Australia Sub-Regional Centres transaction volume highest amongst retail categories.