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Despite the current economic landscape and rising interest rates, South Australia's retail sector continues to grow. Here is a snapshot of the remarkable performance and promising outlook for our retail market:   Retail Sales: Up by 2.5% over the past 12 months, marking the second-highest growth rate among Australian states. This impressive growth underscores the resilience and upward trajectory of our retail sector. Population Growth: A significant 4.6% increase since 2021, the highest growth rate recorded for South Australia. This demographic boost is driving greater demand and creating new opportunities. Retail Spending Per Capita: Increased by 1.52% YoY, surpassing the population growth rate, and achieving the highest per capita spending growth nationally.   Sector Highlights (YoY): ·        Recreational Goods: Up 12% ·        Electrical and Electronic Goods Retailing: Up 3.9% ·        Food Retailing: Up 2.7%   As we look ahead, the combination of strong retail sales, robust population growth, and rising per capita spending sets the stage for a dynamic and promising future for South Australia's retail sector.

As the world of commerce continues to evolve and adapt, it is important for us to stay informed and ahead of the game. In this industry spotlight, we will be delving into the topic of investing in retail in Western Australia. Western Australia, known for its stunning landscapes and laid-back lifestyle, also boasts a thriving retail industry. With a population of over 2.6 million and a growing economy, it is no surprise that Western Australia has become an attractive destination for retail investment. One of the key factors contributing to the success of the Western Australian retail industry is the strong consumer spending. Despite global economic uncertainties, the Western Australian consumer sentiment has remained consistently positive, resulting in a stable and healthy retail market. Furthermore, the rise of e-commerce has not hindered the growth of traditional brick-and-mortar retail in Western Australia. In fact, the state has seen a rise in omni-channel retailing, where online and physical stores work hand in hand to provide a seamless shopping experience for consumers. In terms of specific retail sectors, Western Australia’s fashion industry has been a standout performer. The state's unique fashion sense, coupled with a growing demand for sustainable and ethical fashion, has created a thriving market for local and international brands. For those interested in investing in the Western Australian retail industry, there are various avenues to explore. The state offers a range of investment options, from large shopping centres to smaller boutique stores. Also, with the government’s continuous efforts to attract foreign investment, the process of setting up a retail business in Western Australia has become more streamlined and efficient. However, as with any investment, it is crucial to do thorough research and due diligence. Understanding the local market, consumer behaviour, and regulations is vital for success in the Western Australian retail industry. In conclusion, Western Australia’s retail industry presents a promising investment opportunity. With a strong consumer market, a diverse range of retail sectors, and a supportive government, it is an ideal destination for those looking to expand their business. We hope this industry spotlight has provided valuable insights and we look forward to seeing the continued growth and success of the Western Australian retail industry. . . . #perthbusiness #perthsmallbusiness #businesssalesperth #perthbusinesses #perthbusinessdirectory #justlisted #newtomarket #bethefirsttoview #dontmissout #realestateagent #perth #perthrealestate #warealestate #realestateperth #westernaustralia #selling #buying #forsale #sold #appraisal #perthrealestateagent #harcourts #naiharcourts #naiharcourtsmetro

New Zealand has seen more than its fair share of economic bad weather over the last three years. By some measures this has been the longest period of subdued economic activity in the post-World War II period. And nowhere has this been felt more than in the retail sector. Retailers large to small have been hit with slower sales, with some of New Zealand’s oldest retail names either downsizing or leaving the market entirely. We are however, now starting to see the light at the end of the tunnel and the retail sector’s expectation is that we will begin to see a return to ‘normal’ levels of activity by year end 2024. The question is, what’s driving the turnaround and when are we likely to see a true recovery of sorts? Read more in the latest #opinion piece by Property Council New Zealand Retail Committee here: https://lnkd.in/gx7GxyJt #propertycouncilnz

With tight financial conditions, chances are that you’re not spending as much as you used to. And if you are still spending, the big increases in consumer prices over the past few years means you’re probably getting less in your shopping trolley. Looking at retail spending in the New Zealand economy over the past 18 months, spending levels have essentially been stagnant. That’s despite retail prices rising by more than 3% and New Zealand’s population growing by more than 2%. And financial pressures aren’t just squeezing households. With sluggish demand and continued increases in operating costs, large numbers of retailers are reporting that margins are under pressure. You can read our full spending report on retail spending here: https://lnkd.in/gXa4TDZc Westpac New Zealand Kelly Eckhold Carolyn Young #newzealand #retail #households

In his annual CEO Outlook column for Shopping Centre News Australia's Big Guns special edition, Michael O'Brien previews some ambitious mixed-use developments across Queensland and Victoria, forecasts increased interest in Australian retail real estate from offshore investors, and reflects on more efficient methods of predicting customer demand for new lifestyle offerings. “Our outlook for the forthcoming year is one of optimism… Operational metrics of quality assets are robust, with moving annual turnover at historic highs, very strong productivity and sustainable occupancy costs,” he writes. #retailproperty #ceooutlook #australianretail

Australia’s Economy Shines: Retail Sales Rise by 0.7% in August Australia’s #economy is on the rise! Retail sales surged by 0.7% in August, driven by warm weather and the positive effects of recent tax cuts. This #growth highlights consumer #resilience and #optimism for the months ahead. For more insights on the factors shaping Australia’s economy, visit The Inspirepreneur Magazine - https://lnkd.in/gwYKGF3x LinkedIn Australian Government Australian Bureau of Statistics The Economic Times World Economic Forum #australia #melbourne #inspirepreneurmagazine

Keeping Chinese economic policy in context. As reported here 👇🏽 retail growth is greater in second and third tier cities than the national average; and growth in the four tier 1 cities is below the average. This is in line with my broad tri-rotation description of the policy drivers of this era of transformation. See: https://lnkd.in/gxF_cm4z The number of people who are spending more is greater than those tightening their belts; but the incomes are lower in the lower tier cities, and as such the aggregate is dampened. The policy tweaks announced this past two weeks are focused on tackling the retarding impact of “wealth effects” on household expenditure - the stock market and housing, which are disproportionately owned by top quintile income folk who are typically found in the tier 1 cities. https://lnkd.in/gaqSCzyt

In the latest update on Australia's economic landscape, retail trade figures for April have shown a slight uptick. However, it appears Aussies are still holding tight to their wallets, with overall spending remaining flat throughout the year. This cautious approach to consumer spending reflects broader economic sentiments and could have implications for various sectors, including real estate. As we navigate through these uncertain economic times, understanding consumer behavior becomes crucial for investors and homeowners alike. For a deeper dive into what these figures mean and how they might affect the market, click the link below to read the full story. Stay informed and ahead of the curve in the real estate world by connecting with us at Meribel Property Buyers Agents for more up-to-date news and insights. [Read the full story here](https://lnkd.in/g9TCxDQT)

Thanks Satish Ranchhod for your ongoing insights into the challenges in retail at the moment. The report makes interesting reading, especially in light of population growth and inflation rates. Fingers crossed that we will get some good news sometime this year! #retail #westpac

Market Update: Victoria, Australia As of August 10 & 11, 2024 Economic Overview: Victoria's market has demonstrated notable activity over the weekend. Key sectors are experiencing shifts that may impact future trends. Property Sector: - Residential Market: There has been a moderate increase in property listings, with average home prices showing a slight rise. Demand remains robust, particularly in metropolitan areas. - Commercial Real Estate: The commercial sector shows stability, with a steady flow of transactions and leasing activity. Retail spaces continue to attract interest as consumer confidence improves. Financial Markets: - Stock Market: Victoria’s financial markets have seen positive movements, with local indices showing gains. Investors are optimistic about the economic outlook, bolstered by recent economic data. - Interest Rates: No immediate changes to interest rates are anticipated, providing a stable environment for both businesses and consumers. Consumer Trends: - Retail Sales: Retail activity has seen an uptick, driven by increased consumer spending in key sectors such as technology and home goods. - Confidence Index: Consumer confidence remains high, reflecting positive sentiment towards the current economic conditions and future outlook. Forecast: Looking ahead, the market in Victoria is expected to maintain its current trajectory, with steady growth in residential and commercial real estate, and continued optimism in the financial and retail sectors. Stay tuned for Me21 Property Group's updates and detailed analysis as we monitor these trends closely. #me21propertygroup #realestate