Australian retail investment volumes remain elevated, with $13.6 billion transacting over the 12 months to June 2026, the strongest result since FY2022.  Capital recycling and ownership transition continue to support activity across retail formats, with investors competing for a limited pool of institutional-grade opportunities offering scale, quality and income growth. 

Highlights:

• $3.4 billion transacted in Q2 (+$10M), extending the strong run of investment activity since Q4 2025.
  
  
• Regional Centres remained the dominant destination for capital, accounting for 55% of quarterly investment activity.
  
  
• Neighbourhood Centres attracted the broadest buyer pool, reinforcing their position as Australia's most liquid retail subsector.
  
  
• Large scale transactions lifted SA's share of quarterly volumes to nearly 20% and Qld's to 32%, while NSW maintained its dominant 40% share.

• Funds and trusts accounted for nearly 80% of acquisitions by value in Q2, almost 30 percentage points above the 5-year average.

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