Retail is hot property. Almost $10 billion worth of Australian retail assets was bought in the last financial year, a 40 per cent rise from the previous five-year average, according to Savills Australia’s latest research.
Australia’s retail property is highly sought after due to strong population and housing growth.
“Foreign investors continue to play a key role in Australian property investment markets and while Australia continues to offer a safe, reliable and accessible investment destination, that will not change” said Savills’ national head of research, Tony Crabb.
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