Brisbane retail sales turnover up: HTW
Retail investors have shown a strong interest in the sub $5 million market resulting in firming yields.
"These yields typically range between 6.5% and 7.5% for properties in prime locations, with properties in regional and neighbourhood locations having a higher range of 7% to 8.5%," Herron Todd White suggested.
The discrepancy in the yields of these three types of retail property promotes the importance of location in this asset class.
The valuation firm suggest an example of how retail property yields in Brisbane are firming is the sale at 190 Enoggera Road, Newmarket (see table below).
On the other hand, retail centres with a higher price point over $5 million are generally achieving slightly softer yields of between 7.5% and 8.75% again depending on the location.
