The CBD and fringe markets are experiencing strong performance as the inner-city population increases. High end fashion boutiques, cafes, bars and restaurants are the major buyers and tenants. According to the ABS, Australian retail turnover remained unchanged in July 2017 following a rise of 0.2% in June.
In Brisbane CBD, the Queen Street Mall remains the most popular area for property, and one of the most expensive in the country. Brisbane’s CBD retail property market has seen extremely high capital values of up to $50,000/m2 to $95,000/m2 for small shops fronting the Mall, and $9,000/m2 – $27,000/m2 for larger buildings and $3,000/m2 to $12,000/m2 for retail strips.
Regional centre capital values average $6,600/m2 up to $10,000/m2.
Sub-regional centres are between $3,000/m2 to $6,500/m2 capital values; while neighbourhood centres are selling for up to $6,000/m2.