Western Australia Retail Market Overview

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.