Retail sales grew by 2.7% y-o-y (3mma) in the year to November 2019.
National retail rents remained broadly stable in Q4 2019. Whilst prime sites continue to experience strong demand, letting up periods in secondary locations have increased in comparison to 12 months previously.
In December, consumer confidence dropped to 95.1 from 97.0 in November.
Transactions volumes saw a strong end to the year with 33 sales totalling $2.391b recorded in Q4 2019. This was the strongest quarter of growth recorded in 2019 up 15.2% on Q3 2019.
In Q4 2019, yields for super prime CBD tightened 35bp y-o-y while regional centres softened 10bp y-o-y