Brisbane retail sales turnover up: HTW

Brisbane retail sales turnover up: HTW
Staff ReporterJuly 27, 2015

Retail investors have shown a strong interest in the sub $5 million market resulting in firming yields.

"These yields typically range between 6.5% and 7.5% for properties in prime locations, with properties in regional and neighbourhood locations having a higher range of 7% to 8.5%," Herron Todd White suggested.

The discrepancy in the yields of these three types of retail property promotes the importance of location in this asset class.

The valuation firm suggest an example of how retail property yields in Brisbane are firming is the sale at 190 Enoggera Road, Newmarket (see table below).

On the other hand, retail centres with a higher price point over $5 million are generally achieving slightly softer yields of between 7.5% and 8.75% again depending on the location. 

Click to enlarge

 

Editor's Picks

Far East Consortium launches new Melbourne CBD apartment tower, 640 Bourke Street
PERIFA takes over Balmain Leagues Club site for Rozelle Village development
Mirvac to transform old motel into apartments in Brunswick as Prince & Parade construction kicks off
"One of Australia's premier beach destinations": Inside Chapter Two's Holm Rainbow Bay apartments
Where to buy in Palm Beach in 2025