Australia’s retail property market opened the year with strong momentum, recording just under $600 million* in transactions nationally during Q1 2025. Private investors and funds continue to drive market activity, with Queensland leading the nation in both transaction value and number of deals.
* Retail transactions tracked by Costi Cohen for Neighbourhoods, Large Format Retail (LFR) Centres, Convenience Centres, and Freestanding LFR & Supermarket sectors only.
While overall transaction volumes have increased since this time last year, prime retail assets remain tightly held. This has driven competitive bidding and strong pricing as seen across recent campaigns.
“With the major banks predicting further interest rate cuts in the coming months, the retail investment market is well-positioned to maintain its current pace into the second half of the year.” – Tas Costi, Director
“Queensland retail assets continue to attract strong interest from investors, especially in growth corridors that are underpinned by strong population growth and new infrastructure delivery.” – Stephanie Vella, Head of Transaction Analysis & Research
Yield results remain highly sector-specific, shaped by key fundamentals including location, tenant covenant, lease tenure, reversion potential and capital expenditure requirements. Well-located, non-discretionary anchored assets are achieving firm yields, driven by strong investor confidence in income security and consumer demand for daily-needs retail.
Secondary stock is also being well received by the market, particularly for assets which offer future repositioning or redevelopment potential.
We provide a snapshot of recent retail transactions across the country with a focus on the Neighbourhoods, Convenience Centres, Large Format Retail (LFR) Centres, and Freestanding LFR & Supermarket sectors below.
Image – Kallo Town Centre, VIC
Recent Transactions
National Retail Transaction Highlights ($5m to $100m)
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