How small malls are proving a strong investment

Small malls, including neighbourhood and convenience centres, are improving in value while the valuations of larger subregional and regional shopping centres are sinking as uncertain economic conditions drive a wedge through the retail property sector.

AMP Capital struck a deal in late December to sell the Rockingham shopping mall, in Perth’s south, for about $180 million. “The divergence in yields between destination centres and everyday needs centres is emblematic of the divergence in non-discretionary spending in recent years,” Y Research’s Damian Stone and The Data App’s Rob Ellis wrote in the PAR Group report.

The pressure on larger malls is evident in the transaction tally, especially among the vulnerable subregional centres. Between 2021 and 2022, the number of subregional malls changing hands fell almost 18 per cent, while the value of deals dropped almost 40 per cent year-on-year to $1.2 billion last year, according to the PAR analysis. As much as $800 million worth of subregional malls had failed to sell in recent months, the researchers said.

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How population growth boosts investment returnsCountries with growing populations have structural growth underpinnings. Immigrants bring diverse skills to the workforce which drives productivity and innovation. Establishment shills 👍 Immigrants increase demand. Simple as that. Any other argument is a lie.
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How population growth boosts investment returnsCountries with growing populations have structural growth underpinnings. Immigrants bring diverse skills to the workforce which drives productivity and innovation. By this short term corporate profit-driven logic we should import the whole world of 8B into Australia. The key question is the impact on the natural capital (water, soils, mineral resources, forests...) that sustains the quality of life of ALL of us - AND OUR ECONOMY. Completely ignoring the fact that automation, AI, driverless cars etc. are about to change EVERYTHING. Dude claims it leads to better investment returns without offering any data. All ords avg annual returns 27 years pre John Rodent Howard kicking off big Australia: 15.28% 27 years post: 10.00% Accounting for inflation it's 7.71% vs 7.43%
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