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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

23 Nov 2018 (AFR) – Housing downturn will hurt mall landlords Scentre, Vicinity, GPT: Citi

(23 November 2018, AFR, p35, by Nick Lenaghan)

Retail sales growth and the housing cycle (Citi)

Retail sales growth and the housing cycle (Citi)

‘The ongoing residential downturn will hit retail sales growth, creating a “meaningful” downside risk for major mall landlords, including Scentre, Vicinity and GPT, according to Citi. Housing downturns drive a slowdown in retail sales growth. The Citi team measured the extent of that impact after identifying 24 state-specific housing downturns since the 1980s. ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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