Region. Less exposure to finance sector

The retail market outside the Sydney CBD is less exposed to the performance of the finance sector and is more correlated to the general economy, according to Herron Todd White’s latest monthly report. Reflecting the downturn in retail turnover growth and the subsequent increase in the household savings rate, the demand for retail property throughout Sydney has waned, impacting the rental rates of both prime and secondary strip properties throughout Sydney. At an institutional level however, activity has increased, with several neighbourhood centres changing hands.