- Retail sales grew by 7.7% y-o-y in the 12 months to May 2021. Much of this growth was off the back of an increase in food retailing which grew 1.1% m.o.m supported an uptick of office occupancy and strong consumer confidence.
- Leasing deal volumes in Q2 showed an increase in activity.
- Consumer confidence has shown continued recovery in part driven by stronger than expected employment outcomes.
- Potential headwinds to demand from further lockdowns across Australia.
- Yields sharpened across all assets classes except regional centres (steady)