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Retail sales up

By Staff Reporter
25 November 2009 | 1 minute read

Retail sales activity is on the rise despite tracking well below historical levels, according to research by CB Richard Ellis (CBRE).

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Overall, Queensland has accounted for 35.5 per cent of sales over $5 million in the year to date.

Victoria and Western Australia ran second and third at 26.9 per cent and 15.3 per cent respectively. However, the states’ performance may have been skewed by a number of large transactions, CBRE said. This included GPT’s $206.3 million acquisition of a share of Melbourne’s Highpoint shopping centre and the recent $115 million sale of David Jones in Perth to Starhill Global REIT.

 

 

Retail sales up
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top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Boomerang Beach
66.67%
Gnarabup
66.67%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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