Despite the economic slowdown the nation’s retail sector is forecast a burst of sales activity during the first half of 2009.
According to research released by Colliers International, the recent 400 basis point reduction in the cash rate, and increase in retail asset yields, have seen a positive spread occur – which will be attractive for investors.
Nathan Clark, national director of retail at Colliers, said that while a short-term fall had been forecast for retail sales, the long term outlook for the sector was positive.
“We are experiencing an increase of private investor activity during the first quarter of 2009, and there are many retail hot spots around Australia where investors can take advantage of the current economic situation,” he said.
Some of these hotspots include South West metropolitan Sydney, Melbourne Docklands, and the South Western corridor in Brisbane.
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