Industry Analysis & Industry Trends
Poor consumer confidence, fierce competition from online shopping and an oversupply of retail property are the challenges currently faced by retail property operators. The retail property market showed signs of improvement in 2010-11 after a soft period during the downturn in the Australian economy. However, retail conditions faltered in late 2011-12 as global economic uncertainty weighed on consumer spending. This has continued into 2012-13 with industry revenue estimated to rise 0.9%. While occupancy is good, due to leasing incentives and low rental prices, property values are flat. IBISWorld estimates revenue for the Retail Property Operators industry will decline slightly over the five years through 2012-13, at a compound annual rate of 0.1% to reach $30.0 billion... purchase to read more
Industry Report - Industry Locations Chapter
IBISWorld estimates that there are almost 49,000 retail property operators in Australia. These operators extend throughout the country. The majority of retail revenue, however, is earned across three main states. New South Wales, Victoria and Queensland account for the largest market shares, with 30.2%, 24.7% and 21% respectively. The remaining states and territories comprise 24.1% of total establishments.
The regional distribution of Australia's retail establishments is largely a reflection of population demand pressures, with New South Wales, Victoria and Queensland consisting of about 77% of the nation's residents. Because of this, future growth in establishments is expected to mostly follow regional population movements... purchase to read more