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Market Insights

29.01.2019

Niddrie Central and Coburg North Village to test retail property appetite

“[Niddrie Central] is just what investor/developers are looking for – a strongly performing supermarket-anchored centre in Melbourne’s middle suburbs that is going to provide a solid income stream on top of significant future development potential in an area with increasing demand for medium-density residential accommodation,” Mr Dowers said.

“Yields for retail centres have tightened considerably over the last couple of years and especially those dominated by supermarkets. The sale of Coles Clayton for $17 million on a record 2.57 per cent yield [in March last year] is a case in point,” he said.

Click here to read the full article on the Australian Financial Review website

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