If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
i think it is fair to say that retail properties will do poorly in the long term as online retail becomes increasingly prominent in Australia
I agree that retail is generally struggling - many retail businesses are having to establish an online component for their business to remain competitive within the marketplace.
This of course reduces the demand for retail property - of course this varies based on locations. For eg, high profile retail locations will always have a high level of demand.
Published 15 July 2012 Industry analyst & economic forecaster BIS Shrapnelsaid last week Australian retail turnover wouldn’t grow this decade to the level it reached during “the golden age” that ran from the mid-1990s until the global financial crisis began 5 years ago.
“That halcyon era was the result of a debt-fuelled spending surge by consumers, but today’s market faces significantly lower rates of turnover growth,” senior project manager Maria Lee said in the report on the Australian retail property sector, Retail property market forecasts & strategies 2012-22.
Leave a comment: